Market Finds Footing in Overnight

July 28, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains seemed to find some footing with corn up a penny, soybeans up 10 1/4 cents and wheat in Chicago up 4 1/2 cents. The U.S. dollar is trading nearly 1/2 a percent higher and crude oil is up 11 cents. A reportable sale of 120,000 metric tons of sorghum for delivery to China was announced this morning. The sale was split between old and new crop delivery.  

 

Crop conditions were released after the market closed yesterday and showed that corn conditions...

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