By: Patrick McRae – Grain markets found supportive buying on all fronts but did leave the wheat market closing slightly lower in December. Soybeans, as well as corn found good supportive buying from prior lows and in the case of soybeans, have supported their major moving averages for the past two…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight with corn and soybeans slightly higher. At the break, December corn is 1’0 higher at 346’6, January soybeans are 0’6 higher at 985’4, and December Chicago wheat is 1’4 higher at 417’0. The USDA monthly oilseed report will be out at 2pm CST…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight and had little reaction to the crop progress report last night. At the break, December corn is 0’4 lower at 348’2, January soybeans are 1’6 higher at 986’2, and December Chicago wheat is 0’4 lower at 424’2. The wheat market has so far…
Afternoon Market Recap
By: Patrick McRae – Grain markets traded mixed in a rather tight range on the day. Corn harvest is expected to be at 53% harvested and soybeans at 83%. Export inspections for corn are still lagging behind the USDA expectation but soybeans continue to be above trade expectations. South American…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight with soybeans leading the way higher. At the break, December corn is 0’2 higher at 349’0, January soybeans are 5’0 higher at 991’4, and December Chicago wheat is 0’6 lower at 426’4. This year’s soybean harvest has had a protein shortage and…