By: Patrick McRae – Grain markets as a whole closed lower on the day. Technical trade interaction going into the end of the week likely lead to some profit taking action on corn and wheat. The soybean market was apparently optimistic going into yesterday’s close on China tariff negotiations, but…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains pushed lower again overnight with soybeans leading the way lower after running into some chart resistance. At the break, July corn is 1’2 lower at 406’6 and July soybeans are 11’4 lower at 1041’6. In wheat, July Chicago wheat is 6’0 lower at 532’0, Kansas City…
Free Commentary
By: Dan Hueber – Contrary to recent beliefs, it can rain here in Northern Illinois as we were fortunate enough to receive anywhere from 1 to 3” of H2O overnight. From the looks of the weather maps, there was a solid line of moisture that stretched from Texas/Oklahoma reaching now…