By: Dan Hueber – Good morning from a rather snowy Northern Illinois. Actually, at 28 degrees F it is rather balmy here compared to what is promised for the rest of the week as the forecast high here on Wednesday will be -18 degrees (lows around -28), before running back…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and beans higher and wheat lower. The market continues to build Brazilian dryness into the price of soybeans, and that has pushed us right up against resistance. Technical buying also contributed to the advance. Corn gained 3’2 to 380’2 in the…
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains traded both sides of unchanged today while soybeans found some temporary strength on lower production estimates out of Brazil. Deral, Brazil’s government agency cut its soybean production forecast for Parana from 19.1 MMT in December to its now current forecast of 16.8 MMT. At one…