By: Dan Hueber – If you can’t export them, crush them. That would appear to be the motto of the U.S. bean industry so far this year as we crushed a record number of soybeans during the month of October. 172.346 million bushels to be exact. This compares with 160.78…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Market Recap
Grain markets closed mixed with wheat showing strong gains on the day. Corn and soybean markets continue to chop around their moving averages and are still showing some momentum for higher trade. Wheat markets from a technical perspective managed to close above some previous downtrends but like soybeans is still…
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn For the week ending Tuesday funds were net buyers of 7,876 contracts on a reduction in shorts. Commercials were net sellers of 18,933 after adding 17,937 new shorts, presumably on hedge pressure, and reducing 996 longs. COT indices fell an average of five points between…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed after a quiet session. Wheat finished 4’6 higher in December on yesterday’s Crop Progress report. 51% of the winter wheat crop was rated good/excellent, which was a two point fall from last week. Analysts expected an increase. That rating matches 2015’s rating this…
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net buyers on increasing open interest. They added 17,396 new longs and 11,897 new shorts. Funds liquidated on both sides of the market and were relatively even. COT Indices were little changed for the week and continue to hover in neutral territory after…