By: Kelley Fornoff – Grains are mixed overnight with wheat leading the way lower after yesterday’s supply and demand report showed an increase in both US and world ending stocks. At the break, May corn is 0’2 higher at 389’4 and May soybeans are 7’4 higher at 1057’4. On the…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed after today’s USDA report. To recap: US corn ending stocks were revised higher to 2.182 billion bushels. This was close to the trade estimates. Demand side adjustments were a cut in food and seed usage, and a 50 million bushel reduction in feed…
Free Commentary
By: Dan Hueber – While we do have beans attempting to extend the Monday gains this morning, the rest of the complex and the grains are taking a pre-report breather. Speculative funds were buyers everywhere but oil yesterday, and it is mildly impressive that we have witnessed this type of…
Daily Comments
By: Dan Hueber – While we do have beans attempting to extend the Monday gains this morning, the rest of the complex and the grains are taking a pre-report breather. Speculative funds were buyers everywhere but oil yesterday, and it is mildly impressive that we have witnessed this type of…