By: Patrick McRae – Grain markets finished mixed on the day with wheat showing the most aggressive weakness. Comments today regarding the Fed’s confidence towards future interest rate hikes pressed the stock markets aggressively lower for the third day in a row. Not much residual movement in the commodities with…
Commentary
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains all finished higher today after what was a rather quiet news day in the markets. November soybeans moved as much as 8’4 cents lower after this morning’s open but then regained that and then some after December soymeal pushed through resistance at 315 closing 7.4 higher…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed today with corn and wheat higher and soybeans lower. The wet forecast is supporting the corn market, as increased precipitation amounts are causing concerns over harvest delays. We’re obviously well ahead of the typical harvest pace, but these rains threaten to push us…