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Afternoon Market Recap for April 12, 2021

Soybeans and wheat prices also land in the red Monday Grain markets started the week off on the wrong foot, with corn, soybeans and wheat all losing around 1.5% Monday after a round of technical selling as traders unwound a portion of very large net long positions for each grain. Dry forecasts for the central U.S. also brought some planting pressure into the mix today. Later this week will bring a mix of wet and dry weather, depending on where you live. Much of the central Corn Belt should rece...
Black Sea Oceans General United States Illinois River Jacqui Fatka Larry Shonkwiler

Afternoon Market Recap for April 6, 2021

Corn and spring wheat prices also see modest rise in Tuesday’s session Grain prices were mixed but mostly higher Tuesday, anchored by gains of around 0.5% for soybeans, with traders still concerned about the ongoing domestic supply pinch, despite a record harvest anticipated by most in Brazil. Corn followed suit, rising around 0.25% on some light net technical buying. Winter wheat futures faded moderately, while spring wheat prices firmed around 0.75% today. More wet weather will be rolling t...
Black Sea Oceans General United States South Korea Illinois River Bryce Knorr

Afternoon Market Recap for April 5, 2021

Corn continued to erode Monday, with most wheat contracts moving higher Grain prices were once again mixed on Monday. Bullish supply fundamentals kept soybeans on an upward trend, adding almost 0.75% on a round of technical buying. Most wheat contracts also moved higher, boosted by a better-than-expected round of export inspections and a large sale to unknown destinations announced this morning. Corn continues to struggle in the short term, however, losing around 1.25% on the heels of another r...
Black Sea Oceans General United States South Dakota Saudi Arabia Jacquie Holland

Afternoon Market Recap for April 1, 2021

Corn, soybeans and wheat all move back into the red Thursday As often happens, when corn or soybeans go limit up one day, a round of technical selling and profit-taking can take center stage the next day. That’s what happened Thursday, and as a result, grain prices pushed back into the red. Corn losses were relatively minor, but soybeans tumbled more than 2% lower today. Most wheat contracts saw prices sliced by double-digits as the holiday-shortened week draws to a close. Little to no rain i...
Black Sea Oceans General United States Saudi Arabia South Korea South Korean

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