By: Jeff Kaprelian – Grains finished lower amid trade fears. President Trump is due to speak this afternoon on China. Earlier statements from Larry Kudlow at the Economic Club of New York gave the market some fear from his statement the President has “not been satisfied” with the trade talks….
Author: Jeff Kaprelian
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials and funds were nearly even with commercials ending as slight net buyers on an increase in open interest. They added 17,385 new longs and 15,811 new shorts. Funds reduced on both sides of the market as they sold out of 12,716 longs and bought…
WASDE Recap
By: Jeff Kaprelian – Grains finished mixed after today’s surprise USDA report. Let’s get right into the numbers. Corn USDA raised the yield to 181.3 bpa. This is 2.9 bpa higher than last month and 3.5 bpa higher than the average trade estimate. Old crop ending stocks were cut 25…
Afternoon Grain Market Recap
By: Jeff Kaprelian – “If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” —Sandy Dahl, wife of Flight 93 pilot Jason Dahl Grains finished lower ahead of tomorrow’s report. The lack of export business in wheat, as we’ve detailed…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains caught a bounce today on position squaring ahead of the report later this week. Corn and soybeans both finished marginally higher, while wheat had a pretty large move higher. The action in wheat was both technical in nature, as well as a cut in Australian…