By: Patrick McRae – Grain markets began the week continuing with what we saw towards the end of last week, more weakness. Most of the selling pressure was presumed to be risk off mentality from speculators noticing the forecasted rains for SA not to mention the USDA report tomorrow. Wheat…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are lower again this morning with extended rains in the forecast for Argentina and funds rebounding on their shorts last week. At the break, March corn is 1’6 lower at 351’0, January soybeans are 5’0 lower at 984’6, and March Chicago wheat is 3’2 lower…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly higher and are correcting themselves a bit this morning. At the break, March corn is 2’0 higher at 353’4, January soybeans are 2’0 higher at 994’0, and March Chicago wheat is 2’2 higher at 423’6. There were a couple of export sales announcements this…