By: Kelley Fornoff – Grains are all higher overnight after a weak finish yesterday. At the break, May corn is 0’2 higher at 387’4, May soybeans are 7’6 higher at 1043’2, and May Chicago wheat is 5’6 higher at 452’0. China announced late Sunday that it would apply an extra…
Commentary
Afternoon Market Recap
By: Patrick McRae – Grain markets found some selling pressure in the day session but not before we found rallying markets in the overnight sessions. Margin calls and increases in volatility likely lead to some short liquidation overnight but the day session found the market rethinking its aggressive buying as…