By: Patrick McRae – Grain markets closed mixed with wheat feeling the brunt of the pressure. Crop conditions came out with corn at 67% g/e with ratings dropping 1%. Soybeans came in at 68% g/e with ratings left unchanged. The soybean crush today came in at 179 million bushels this…
Commentary
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn I had to do a double take when I saw this week’s figures. Commercials were net buyers of 61,746 contracts after selling 6,355 longs and buying back 68,101 shorts. That speaks volumes, in my opinion. Funds were net sellers of 68,574 contracts after selling out…
Free Commentary
By: Dan Hueber – The on again/off again Russian wheat export saga continues. Yesterday, representatives from the Russian government and grain exporters met another time to discuss the overall situation and the resulting verdict; No threat of curtailing wheat exports. Something tells me this will not be the last word…
Daily Market Comments
By: Dan Hueber – The on again/off again Russian wheat export saga continues. Yesterday, representatives from the Russian government and grain exporters met another time to discuss the overall situation and the resulting verdict; No threat of curtailing wheat exports. Something tells me this will not be the last word…
Afternoon Grain Market Recap
By: Jeff Kaprelian – It was a strong day in the grains marked by short-covering after some bullish news this morning. Wheat got off to a head start after Statistics Canada dropped their forecasts for wheat, oats, and canola. Their wheat estimate was cut to 28.99 million metric tons, which…