By: Patrick McRae – Grain markets broke into new lows with another tariff announcement in the plans from trump. The markets are actively in a risk off mentality again with this information and the SA soybean prices are still at competitive levels given cost of shipment to China. The words…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed after a light news day. Corn fell 6’2 in December to 360’6 after updated forecasts show a cooling trend after the weekend as high pressure from Canada pushes through the Midwest. This is in contrast to the earlier forecasts calling for more heat…
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net buyers of 20,529 contracts after liquidating open interest on both sides of the market. They obviously came out of more shorts than longs to get to the net buying. Funds were net sellers of 32,997 contracts after adding 12,591 new shorts and…