Overview: Corn and soybeans were weak today while wheat was higher. Traders were nimble in their interest with many sitting on the sidelines until after the report. They remember all too well the volatility and knee jerk reaction created from the September Grain Stocks Report and the October Crop Report a few weeks ago. Guesses[…]
With a 1/3rd decline in export inspections, you can believe that investors were nervous about US Wheat Trade, add to that the dollar gaining strength abroad and the readers of Bloomberg wanted to know what was going on. Where does Bloomberg turn for reliable news on the grain trade? The same place that farmer’s do:[…]
Overview: The grains were firm in the overnight session, but lost their momentum during the pit trade because of the rebound in the dollar. While the Commitment of Traders Report on Friday showed that the fund long position in corn is below the record set in early October, their longs in soybeans has risen to[…]
Overview: Grain futures were mixed today from month-end position squaring and a dearth of fresh news. Meanwhile, GDP growth was reported at 2.0 percent, which means inflation is tame. Traders expect the Fed’s to come to the rescue of the economy next month with a second round of quantitative easing. However, this is old news[…]
Corn Outlook: Temperatures are soaring in corn futures keeping traders nerves frayed. Prices were slammed two weeks ago because of the bearish stocks report. However, the heat turned up the following week when the USDA slashed their yield estimate to 155.8 bpa from 162.5 bpa. With over a $2.00 price swing within a two-week period,[…]
Overview: Corn and soybeans were higher again today as the funds are buying back the positions that they liquidated early last week. Right now, traders are wildly bullish, which is predictable considering the bullish USDA report on Friday and the current stage of the pattern that we are in now. However, as I mentioned in[…]
Click here sign up for a FREE! trial subscription to our daily newsletters. Overview: After three days of fund liquidation in corn, the sell-off seems to have run its course. Early last week, the long corn position held by the trend following funds stood at a record 1.860 BB and reached a record of 715[…]
Overview: During the past several sessions, the funds have gobbled up anything that related to commodities. However, they may be getting their fill, as soybeans were higher but corn and old crop wheat lower. Overall, traders are bullish from disappointing corn yields in the U.S., freeze threats in China and dryness in South America. Meanwhile, investors[…]
Overview: The commodity funds were out in full force today, which was the reason behind the strength in grains. Commodities, in general, were higher across the board even though the dollar was stronger. Most of the gains came in the overnight session, which is the typical “M.O.” of the funds. Keep in mind that they[…]
The good news is corn may be approaching multi-year highs, the bad news it, you probably won’t have much of it to sell if the current harvest reports are to be believed. Dewey Strickler explains as he analysis the week’s activity from the CBOT and what it means for the nation’s farmers. Corn Outlook: Exuberance in corn abounds from[…]