By: Jeff Kaprelian CBOT grains finished higher across the board on continuation buying after yesterday’s surprise Quarterly Grain Stocks report. The slow harvest pace, as reported yesterday afternoon, underpinned markets as well. At the moment we’re going to look at the market from a purely technical perspective for this afternoon’s…
Commentary
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By: Dan Hueber – Do you have the feeling that the farm community was just tossed a bone? I probably should not be cynical, although it is difficult not to, but after months of surprising and negative USDA reports, we were provided with a little uplifting news. “Here poochie, see…
Daily Comments
By: Dan Hueber – Do you have the feeling that the farm community was just tossed a bone? I probably should not be cynical, although it is difficult not to, but after months of surprising and negative USDA reports, we were provided with a little uplifting news. “Here poochie, see…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher across the board (spring wheat being the exception) after today’s surprise Quarterly Grain Stocks report. The USDA estimated September 1st corn stocks at 2.114 billion bushels against an average trade guess of 2.428 billion. This implies either higher residual usage or a lower…