By: Dan Hueber – Although we have rebounded from pressure in the early overnight trade, and witnessed surprisingly large volume in corn, overall the grain and soy markets appear rudderless this morning and as such could easily be pushed around by whichever breeze is more prevalent. Will it be a…
Commentary
Daily Comments
By: Dan Hueber – Although we have rebounded from pressure in the early overnight trade, and witnessed surprisingly large volume in corn, overall the grain and soy markets appear rudderless this morning and as such could easily be pushed around by whichever breeze is more prevalent. Will it be a…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight with soybeans slightly higher again on weather in Argentina. At the break, May corn is unchanged at 391’6, May soybeans are 2’4 higher at 1051’2, and May Chicago wheat is 1’6 lower 484’6. A new Reuters article out this morning discussed a…
Afternoon Market Recap
By: Patrick McRae – Grain markets persisted higher with additional analyst estimates lowering South American grain production. Yesterday’s action likely helped the confidence of today’s traders and the potential rainfall forecasts for South America might be too little too late based on the early planted soybeans pod fill stage. Corn…
Free Commentary
By: Dan Hueber – It would appear that bulls in grain/soybean markets feel inspired after the turnaround around yesterday as we have prices higher across the board this morning. Realistically sans corn, these markets have not extended into higher ground, but it does provide a reminder that we are now…