By: Kelley Fornoff – Grains are mixed overnight with wheat leading the way lower after yesterday’s supply and demand report showed an increase in both US and world ending stocks. At the break, May corn is 0’2 higher at 389’4 and May soybeans are 7’4 higher at 1057’4. On the…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets found some buying enthusiasm early in the overnight session as wheat and corn gapped higher on the open. The manner in which the markets closed on Friday were the likely culprits of such aggressive moves. As the market begins to digest the shift in…
Overnight Market Update
By: Kelley Fornoff – As planned, President Trump announced more tariffs against China late yesterday but instead of announcing $50 billion in tariffs against the country, he threatened tariffs of $100 billion of imports from China. That sent markets lower on the open but they have since recovered from their…