By: Kelley Fornoff – Grains are mixed to begin the week with wheat leading the way lower on an increased chance of rain in the forecast. At the break, May corn is 1’6 lower at 384’4 and May soybeans are 2’6 higher at 1057’0. May Chicago wheat is 5’2 lower…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets responded in what would be assumed as profit taking before the weekend. The corn market’s charts are beginning to roll over but soybeans are still finding some supportive trend following activity. Wheat has all but failed from its recent rally, but weather concerns are…
Afternoon Market Recap
By: Patrick McRae – Grain markets finished weaker as follow-through buying in the overnight session was not able to translate into the day session. Wheat markets made a strong attempt to close their breakaway gap on the open with KC wheat trading down 10 cents and more on the day…