By: Kelley Fornoff – Grains are all quite a bit lower overnight with wheat leading the way as much needed precipitation enters the forecast for Kansas. At the break, May corn is 4’2 lower at 378’4, May soybeans are 15’2 lower at 1034’2, and May Kansas City wheat is 15’4 lower at 484’0….
Commentary
Afternoon Market Recap
By: Patrick McRae – Grain markets closed mixed with corn and wheat leading the market lower and soybeans are still finding some net spec buying interest. The weather information coming out of South America is turning wetter and the trade, for now, is finding some toppy action in both corn…
Overnight Market Update
By: Kelley Fornoff – Soybeans are higher overnight on Argentina crop risk and renewed demand while corn and wheat continue lower. At the break, May corn is 1’4 lower at 385’2, May soybeans are 4’6 higher at 1045’4, and May Chicago wheat is 5’2 lower at 490’6. Unknown destinations purchased…