By: Kelley Fornoff – Grains were quiet overnight and corn, soybeans, and wheat closed just 0’2 off of their session lows this morning. At the break, December corn is 1’0 lower at 350’2, November soybeans are 3’2 lower at 977’4, and December Chicago wheat is 2’4 lower at 434’2. Yesterday afternoon’s crop…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets had a very positive day. The biggest mover of the day was wheat, followed by corn, and soybeans were left in last. Fundamentally nothing really happened to cause such a move. However, shorts are likely now looking at these lower levels for corn and…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly mixed to unchanged overnight and are continuing to find harvest pressure. At the break, December corn is 0’2 higher at 344’6, November soybeans are 0’4 lower at 978’2, and December Chicago wheat is unchanged at 426’0. New data out of the Chinese Customs…
Overnight Market Update
By: Kelley Fornoff – Grains are higher in the overnight with soybeans leading the way. At the break, December corn is 0’4 higher at 349’4, November soybeans are 3’4 higher at 990’0, and December Chicago wheat is 2’2 higher at 435’0. There were a few export sales that came across…
Afternoon Market Recap
By: Patrick McRae – Grain markets saw moderate movement throughout the day and ultimately closed higher on all fronts. Wheat has seen a bit of a bounce but is still trending lower with its moving averages acting as resistance. Like corn, this market appears to be in a sideways pattern…