Author: Kelley Fornoff

By: Patrick McRae – Grain markets persisted higher with additional analyst estimates lowering South American grain production. Yesterday’s action likely helped the confidence of today’s traders and the potential rainfall forecasts for South America might be too little too late based on the early planted soybeans pod fill stage. Corn…

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By: Kelley Fornoff – Grains moved higher overnight led by soybeans and wheat as money continues to flow into grains. At the break, May corn is 1’2 higher at 392’0, May soybeans are 6’2 higher at 1047’2, and May Chicago wheat is 3’2 higher at 494’0. There was another corn…

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By: Patrick McRae – Grain markets started the week off with some light gains.  SA rainfall over the weekend was lighter than previously forecasted and after last week’s aggressive selling action some value buying might have been the thought of the grain trade.  Some spot export purchases were seen this…

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By: Kelley Fornoff – Grains are all lower to begin the week amid a lack of new bullish news. At the break, May corn is 2’2 lower at 388’2, May soybeans are 2’4 lower at 1036’6, and May Chicago wheat is 4’6 lower at 484’4. There were a couple of corn…

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By: Patrick McRae – As is usually the case with the markets, when it rains it pours. Yesterday after the close Trump signed the aluminum and steel tariffs into action and caused for some quick action in the soybean meal market to press lower in the Asian markets.  Further reaction…

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