By: Dan Hueber – Hurry up and wait. That would appear to be the message traders at the CME are sending ahead of the December USDA supply/demand estimate. Granted, if I suggest the USDA will not make many if any changes of note, they will probably deliver a real shocker but normally,…
Author: Jeff Kaprelian
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished lower, though we saw nice recoveries from their lows. Markets started lower today after a Chinese executive was arrested for allegedly violating Iran sanctions. That caused turmoil in commodities as well as equities, as the fear was it could put the G20 trade war…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mostly higher today buoyed by expectations for new Chinese demand. This was seen mostly in corn, as traders believe that will be one of the main markets to see an immediate boost from the agreed upon Chinese buying. Soybeans are in a wait and…
Afternoon Grain and Cattle Recap
By: Jeff Kaprelian and Patrick McRae – Grains Grains finished solidly higher after what analysts are blaming on short-covering ahead of the G20 summit. That certainly helped keep the rally alive, but soybeans were the leader after they jumped on the open from an export sale of 267,748 metric tons…