By: Dan Hueber – Markets have pretty well picked up where we left off last Friday with corn gapping into new highs for the year, not to mention the highest point traded since June of 2016, and wheat gapping higher to reach the loftiest levels traded since February. Even beans…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher across the board today as short-covering and weather concerns kept the rally alive. I could stop right there, as that’s as deep of an explanation as we really need for the price action, but you know me. I’ll get into some nitty gritty….
Daily Comments
By: Jeff Kaprelian – Grains are higher across the board as we recover from yesterday’s technical sell-off. The market very apparently not ready to give up trading weather, and rightfully so. The rain isn’t stopping for a week and soil is well saturated. While we’re talking about rain this presents…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished lower on a technical selloff that was sparked by the corn market trading into resistance. Later in the session the market’s descent picked up steam as the USDA announced actions to support farmers, also known as the new Market Facilitation Program. The Bloomberg article…