By: Jeff Kaprelian Today we’re going to take a deep dive into corn yields since yesterday’s Crop Progress report helped drive the market lower today. It should come as no surprise to you that the yield estimates I’m about to share are all over the board. Weather and planting dates…
Commentary
Free Commentary
By: Dan Hueber – While it would truly seem nonsensical at this point, the excuse provided for the lower trade in the corn market overnight was attributed to the improved crop rating in the weekly report. In case you missed it, corn in the good/excellent category improved 1%, returning the…
Daily Comments
By: Dan Hueber – While it would truly seem nonsensical at this point, the excuse provided for the lower trade in the corn market overnight was attributed to the improved crop rating in the weekly report. In case you missed it, corn in the good/excellent category improved 1%, returning the…
Commitments of Traders Analysis
By: Jeff Kaprelian Corn Bulls saw the opposite of what they wanted in this report. Funds added 18,195 new shorts and sold out of 12,990 longs. Commercials were net buyers after buying back 32,184 shorts and exiting 5,353 existing longs. As I’ve pointed out for the last few weeks, fund…
Free Commentary
By Dan Hueber – Grain and soy markets opened the week with additional selling pressure, but obviously, the bears did not have a firm conviction and prices have turned up into positive territory. It would be premature to read too much into this price action but the performance that we…