By: Jeff Kaprelian – Grains fell across the board on end of week selling. Benign U.S. weather relieved any concerns traders had in the short term about an early frost, and generally yield models are increasing. Speaking of yield estimates, IEG Vantage released their updated projections and see the corn…
Commentary
Afternoon Grain Market Recap
By: Kelley Herwig (Fornoff) – Soybeans were down rather hard today while corn managed to close slightly higher. Estimates that South America’s soybean crop is larger than last year didn’t help the market and news that Chinese officials are planning to come to Washington early next month didn’t offer any…
Afternoon Grain Market Recap
By: Kelley Fornoff – Soybeans rebounded today while corn continued to move lower. US soybean exports for the month of July came in at 3.68 MMT which was nearly 7.5 percent above last year’s July bean exports. Expectations of a smaller crop are also starting to help soybeans and could…