By: Kelley Fornoff – Grains saw a bit of a bounce overnight after a rough start to the week. At the break, July corn is 2’6 higher at 396’2 and July soybeans are 3’0 higher at 1026’0. July Chicago wheat is 2’2 higher at 524’2, Kansas City is 2’2 higher…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets fell in reaction to the good initial growing conditions of corn, and the improved conditions of the wheat crop. As a whole, the grain markets were hit in the gut with overbought indicators and an overly bought speculation position. With the current G/E rating…
Overnight Market Update
By: Kelley Fornoff – Corn, soybeans, and wheat all continued lower in the overnight after yesterday afternoon’s crop conditions report showed better than expected corn and winter wheat ratings. At the break, July corn is 2’6 lower at 397’2 and July soybeans are 5’6 lower at 1024’6. July Chicago wheat…
Afternoon Market Recap
By: Patrick McRae – A lot of different economic news and activity lead to some very active trade in today’s markets. Most of the grain news was built around the Trump administration setting up technology tariffs. The assumption with this is for China to back off from their interest in…