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…
Commentary
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…