By: Jeff Kaprelian – Grains finished higher on technical buying as well as a rally in wheat. Wheat futures finished 18’4 higher in the December Chicago contract after renewed rumors of Russia limiting their exports. This was the news two weeks ago, at which point the markets rallied, only to…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished lower on high yield expectations and concerns over demand. Yesterday’s crop ratings came in as expected for corn and higher than expected for soybeans. Our yield model rose accordingly. We now see corn at 173.3 bpa and soybeans at 50 bpa. After a few…
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By: Dan Hueber – After an inauspicious, not to mention steamy start, yesterday turned out to a banner day for news in the ag sector. No doubt you have already heard the announcement, but it deserves repeating; Mexico and the U.S. have come to a tentative trade agreement which should…