By: Kelley Fornoff – Grains pushed lower overnight after yesterday’s report caused a round of buying in corn and wheat. At the break, July corn is 1’4 lower at 376’0 and July soybeans are 9’6 lower at 944’2. July Chicago wheat is 6’0 lower at 528’4, Kansas City is 5’4…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher after today’s USDA report. Let’s get right into the numbers. Old crop ending stocks were within expectations. The USDA raised wheat stocks to 1.08 billion bushels, which was right on the average trade guess. Corn stocks were cut to 2.102 billion bushels against…
Overnight Market Update
By: Kelley Fornoff – The corn, soybean, and wheat markets are in recovery mode after yesterday. At the break, July corn is 3’0 higher at 370’2 and July soybeans are 4’2 higher at 358’0. July Chicago wheat is 5’0 higher at 519’4, Kansas City is 3’6 higher at 538’4, and Minneapolis…