By: Jeff Kaprelian and Patrick McRae – Grains Grains finished mixed, mostly retracing yesterday’s price action. Corn finished 0’4 higher at 356’4, soybeans up 13’2 at 875’4, and wheat 9’4 lower at 498’0. There wasn’t much in the news during the day session, and Dan covered the important information this…
Author: Jeff Kaprelian
Afternoon Grain and Livestock Recap
By: Jeff Kaprelian and Patrick McRae – REMINDER: NO MARKET COMMENTARY TOMORROW OR FRIDAY DUE TO THANKSGIVING HOLIDAY Grains finished mixed after slow pre-holiday trade. Corn gained 0’4 to 361’6, soybeans were 2’0 higher after giving up some of the day’s gains. Wheat finished 2’0 lower at 498’6 in the…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed after an uneventful session. Soybeans were able to mount a recovery after yesterday’s sharp selloff thanks to bargain buying. Corn fell a penny and is now trading into support with daily stochastics oversold. The December/March spread settled at 11’0, which was unchanged for…
Commitments of Traders Analysis – Corn Only
By: Jeff Kaprelian – Corn Commercials were net buyers of 14,987 contracts on increasing open interest last week. They added 41,516 new longs and 26,529 new shorts. Funds were net sellers of 13,348 contracts after a reduction in longs. COT indices are at middle of the road levels. We had…