By: Kelley Fornoff – Grains eased a little overnight after Friday’s strong day session. At the break, December corn is 0’2 lower at 342’6, January soybeans are 3’2 lower at 987’2, and December Chicago wheat is 3’6 lower at 423’4. Down in South America, Brazil’s AgRural updated its planting progress…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets had a hugely positive day lead on by an exceptional move higher in the soybean market. Wheat found some legs with what could only be assumed as outside buying interest as the weather patterns calling for additional dryness and La Nina patterns are the…
Overnight Market Update
By: Kelley Fornoff – Grains are unchanged to slightly higher but are being capped with a large US production and producers trying to find homes for their grain. At the break, December corn is 0’2 higher at 338’4, January soybeans are unchanged at 976’2, and December Chicago wheat is 2’2 higher…
Afternoon Market Recap
By: Patrick McRae – Grain markets found some rebound buying mostly in the soybean market. The wheat and corn market lagged behind with wheat outright failing to fresh weekly lows. Corn and wheat are still finding large supply from record production. While managed money currently sits largely net short corn,…