By: Kelley Fornoff – Grains finished the overnight session slightly higher as holiday trading seems to be in full swing. At the break, March corn is 0’4 higher at 347’4, January soybeans are 1’0 higher at 962’4, and March wheat is 0’6 higher at 421’2. There was another sale of…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets were mixed today with corn staying neutral, soybeans breaking lower, and wheat finding light buying. Weather forecasts for South America continue to show wetter weather for growing areas, and the weekend did see follow-through from forecasted showers. The large net speculative positions in soybeans…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly higher to begin the week with wheat finding some strength from weather forecasts. At the break, March corn is 0’6 higher at 348’2, January soybeans are 2’4 higher at 969’6, and March Chicago wheat is 3’4 higher at 421’6. Extended US weather forecasts…
Overnight Market Update
By: Kelley Fornoff – Grains are fairly quiet overnight but are so far all finding support to end the week. Currently, March corn is 0’4 higher at 349’0, January soybeans are 3’2 higher at 971’0, and March Chicago wheat is 0’4 higher at 418’6. Corn, soybeans, and wheat are all oversold…
Overnight Market Update
By: Kelley Fornoff – Grains were quiet overnight ahead of this morning’s USDA supply and demand report. At the break, March corn is 0’6 higher at 349’6, January soybeans are 1’6 lower at 980’6, and March Chicago wheat is 0’6 higher at 414’2. There were several export announcements this morning. Algeria…