By: Patrick McRae – Grain markets finished mixed with corn moving lower on what is being looked at as a net improvement on crop ratings. The technical picture of corn is showing a potential head and shoulders top in the market that if confirmed could pull us down some ways….
Author: Kelley Fornoff
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff Today’s report offered bullish news for soybeans while there was quite a bit of confusion surrounding the USDA’s projected corn acres for this year. Corn planted area for all purposes was reported at 91.7 million acres, 3 percent higher than last year and 5 million acres…
Afternoon Grain Market Recap
By: Kelley Fornoff – Corn and soybeans traded lower most of the day on hotter, drier weather, and ahead of tomorrow’s USDA report. Corn export sales this morning were rather disappointing and additional demand for US corn is slow. Meanwhile, Brazil is expected to ship over 4.5 MMT of corn…
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff Corn and soybeans both continued higher this morning after yesterday afternoon’s crop conditions report but failed to hold onto the gains into the close. Nothing much new news wise, just selling ahead of Friday’s report. Soybeans seem to be going nowhere fast and option premiums have…