By: Patrick McRae – Grain markets found themselves selling off for the day. The aggressive buying seen in the soybean market recently had placed the market in a lofty overbought position. Export inspections were mixed with corn moving 322,672 MT, soybeans with a sizeable 1,770,000 MT, and wheat came in…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight and November soybeans are struggling to stay above 1000’0 so far. At the break, December corn is 0’6 lower at 352’0, November soybeans are 3’4 lower at 996’6, and December Chicago wheat is 1’6 higher at 441’2. There was another soybean export…
Afternoon Market Recap
By: Patrick McRae – Grain markets pushed higher on all fronts today. Export numbers were strong on all fronts and the buying has spurred on past the prior day’s highs in corn, wheat, and soybeans. For now, the trend has turned higher in soybeans and is still consolidating with corn….
Daily Market Comments
By: Dan Hueber – While the sheen was not even off the numbers yesterday, debates had already begun as to the accuracy or lack thereof in this latest USDA report. Realistically, such dispute is common after any government release but promoting the discussion this time was the slower than normal…
Overnight Market Update
By: Kelley Fornoff – Grains turned slightly higher to unchanged overnight and are getting positioned ahead of this morning’s USDA report. At the break, December corn is unchanged at 346’0, November soybeans are 2’4 higher at 967’6, and December Chicago wheat is 0’6 higher at 434’0. China Agriculture Ministry has…