By: Dan Hueber – While I am not so sure I would want to attribute the overnight strength in the grain and soy markets to this, but at least markets may have once less thing to worry about. According to the press releases, congressional negotiators have reached “an agreement in…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed today with corn and beans lower and wheat a touch higher. Despite the weakness, there is actually a silver lining here that I’ll get to in a minute. Meanwhile, let’s look at the news that moved the markets. AgRural cut their estimate of…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Well, that was really surprising. The market’s reaction was…quiet. Corn finished 2’2 lower and beans were up 1’2. The only surprise number came from Argentina’s corn production at 46 million metric tons, exceeding the range of expectations and the average trade guess of 43.09. Be sure…