By: Dan Hueber – Would it be too cliché to imply that news from China is both “sweet and sour” for the soy market this morning? Sorry, sometimes I just cannot help the dad jokes. Regardless, we do find both a positive and negative influence from that part of the…
Commentary
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net sellers of 10,513 contracts on falling open interest. They sold out of 22,891 longs and bought back 12,378 shorts. Funds added to both sides of the market, but were a bit more aggressive on the long side. They added 31,645 new longs…
Afternoon Market Recap
By: Patrick McRae – Grain markets finished mostly positive with corn and soybeans higher and wheat lower. Soybeans found decent buying support from good export purchases. Reuters trade estimates for next week’s USDA report are expecting soybean yields to increase to 52.2 bpa and for corn to drop to 177.8….