By: Dan Hueber – The crop tour inspired buying that provided the corn market with a touch of optimism yesterday morning was just not enough of a shot of courage for the bulls to sustain higher prices throughout the day. In fact, it appeared that after reinforcements failed to arrive,…
Commentary
Afternoon Grain Market Recap
Grains – Jeff Kaprelian Grains finished mixed after an early morning selloff tanked the corn and wheat markets. Overnight the markets were able to trade higher after yesterday’s cut in crop ratings, but they weren’t able to hold on as rains made their way into Iowa, Illinois, and Minnesota. All…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains were lower across the board after the weekend rains knocked any remaining risk premium out of the market. No matter how far behind things are they are still in good shape in the government’s eyes. But with the absence of risk premium comes markets that…
Commitments of Traders Analysis
By: Jeff Kaprelian Corn For the week ending 8/13/19 commercials were net buyers of 59,398 contracts, almost exclusively on short-covering. Funds added 50,659 new shorts and sold out of 9,322 longs, to the net effect of selling 59,981 contracts. They are now net long 161,639. You can see on this…