Grains – Jeff Kaprelian Grains finished higher, though without much excitement, from follow-through buying after yesterday’s strong action. Corn rallied 1’4 to 368’6, soybeans gained 3’2 to 898’6, and wheat was higher in all months but December, which was down 0’2 to 483’4. This morning the Chinese announced they will…
Commentary
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By: Dan Hueber – Now admittedly, the pump had been primed just a bit with stories of possible Chinese soybean business (sale of 204,000MT reported this morning), and concerns of dry weather in Brazil added in for good measure. With this, the soybean trade had accelerated upward well ahead of…
Daily Comments
By: Dan Hueber – Now admittedly, the pump had been primed just a bit with stories of possible Chinese soybean business (sale of 204,000MT reported this morning), and concerns of dry weather in Brazil added in for good measure. With this, the soybean trade had accelerated upward well ahead of…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher after today’s WASDE and some other bullish news. December corn gained 7’2 to 367’2, November soybeans were up 29’0 at 895’4, and December wheat was up 6’2 at 483’6. Hogs also opened limit up at 64.200. Let’s start with the news before moving…