By: Kelley Fornoff – Grains are higher overnight led by wheat and corn while soybeans are running into a bit of technical resistance. At the break, March corn is 2’4 higher at 353’6, March soybeans are 0’6 higher at 987’0, and March Chicago wheat is 3’0 higher at 424’4. There…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grains finished mixed in technically driven trade. Continued concerns over Argentine weather underpinned the price of soybeans, but they’re a touch overbought and have been met with heavy farmer selling. We still feel that catch up sales should be made on old crop soybeans at current…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed and traded in a tight trading range overnight. At the break, March corn is 0’4 lower at 351’4, March soybeans are 3’4 higher at 987’6, and March Chicago wheat is 0’6 lower at 425’0. There was an export sale announcement this morning, this time with…