By: Kelley Fornoff – Corn and soybeans are lower overnight while wheat is mostly higher as the market is realizing that the rain in the Plains may not amount to much later this week. At the break, May corn is 0’2 lower at 382’6 and May soybeans are 0’6 lower…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains rebounded overnight with weather offering some fundamental support once again. At the break, May corn is 2’2 higher at 382’4 and May soybeans are 6’0 higher at 1052’0. On the wheat side, May Chicago wheat is 6’0 higher at 472’2, Kansas City is 7’4 higher…
Afternoon Market Recap
By: Patrick McRae – Grain markets finished mixed with corn closing lower and beans and wheat closing positive. Chart momentum is beginning to shift lower for corn and soybeans and wheat is showing some support on its moving averages. The big news today while not directly impacting the futures markets…
Afternoon Market Recap
By: Patrick McRae – Grain markets felt a stiff set back as chart technicals have remained in the overbought territory for a bit too long it would seem. Temperatures across the Midwest and large snowfall coverage have all but ensured a later start to planting for this year. Currently, the…