By: Dan Hueber – While certainly never shocking, it seems that every day we are greeted with reports of lower grain production, particularly wheat, somewhere around the globe. This morning the focus is on Sweden where it is now estimated that wheat production could be as much as 40% lower…
Commentary
Afternoon Market Recap
By: Patrick McRae – Grain markets are posting some more gains to start the week and wheat is still being the leader of the pack. European and Russia wheat estimates are still falling further from their previous cuts and the trade’s interest in buying corn and soybeans is being supportive…
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net buyers of 18,103 contracts of corn, which came as they did almost nothing but add new longs. They only added 128 new shorts. Funds, however, added 10,923 shorts and sold 8,507 existing longs to the net effect of selling 19,430 contracts. They…