Author: Kelley Fornoff

By: Kelley Fornoff – Grains were quiet again overnight but are under pressure from harvest and a higher Dollar. At the break, December corn is 1’0 lower at 349’4, November soybeans are 1’2 higher at 972’4, and December Chicago wheat is 1’4 lower at 430’2. The International Grains Council yesterday…

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By: Patrick McRae – Grain markets saw selling into the later part of the day. A big mover today was the Dollar index as the Eurozone announced it would trim its stimulus. This caused the Euro to drop dramatically supporting the US dollar. Currently, the dollar is up a full handle…

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By: Kelley Fornoff – Grains are higher overnight with soybeans again leading the way. At the break, December corn is 0’4 higher at 351’4, November soybeans are 3’0 higher at 978’4, and December Chicago wheat is 0’6 higher at 436’2. Weekly export sales were strong against estimates this week for…

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By: Patrick McRae – Grain markets had a mixed bag of trade with mostly stronger prices till the end of day sell-off. Much of the bullish initial strength is likely due to some weakness seen in the Brazilian Real yesterday but doesn’t really answer as to why we had such…

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By: Kelley Fornoff – Soybeans regained some ground on corn overnight. November soybeans bounced off of key support at 975’4 last night and are now 7’0 higher at 982’4, having gained back all of yesterday’s losses. December corn is pushing up against some resistance at 354’0 and may find some pressure…

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