By: Dan Hueber – There is the old joke about a man who is repeatedly beating his thumb with a hammer and when asked why he does it replies, “because it feels so good when I stop.” The corn market has somewhat of a similar feel here this morning. Granted,…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – The USDA created some mixed reactions with its release today. As a whole, the trade was expecting reduced acres in wheat planting and lower soybean and corn production numbers from South America. The USDA came in with the following. Domestic carryout numbers showed an overall net…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly mixed overnight with little action ahead of today’s supply and demand report. At the break, March corn is 0’4 higher at 349’2, March soybeans are 0’6 lower at 949’2, and March Chicago wheat is 0’4 higher at 433’6. March soybeans reached new 5-month lows overnight…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed in the overnight with soybeans still under pressure as Brazil’s soybean production estimates get bigger. At the break, March corn is 0’2 lower at 348’6, March soybeans are 0’6 higher at 955’6, and March Chicago wheat is 2’6 lower at 431’4. Soybeans were…