By: Dan Hueber – While not exactly awe inspiring, it was nice to be greeted by a little rebound in the grain and soy markets this morning. Why does the phrase dead-cat bounce come to mind? Regardless, there is little in the news this morning to inspire the bulls and…
Commentary
Overnight Market Update
By: Kelley Fornoff – Corn and soybeans are looking to take back some of yesterday’s losses but are being capped by another good crop conditions report yesterday afternoon. At the break, July corn is 3’4 higher at 354’0 and July soybeans are 4’6 higher at 879’2. July Chicago wheat is 3’4…
Afternoon Market Recap
By: Patrick McRae – Trump’s trade battles and tariff comments rocked the markets today not just in grains but in equities as well. The weekly export shipments were behind USDA’s paces and the consistent selling in the grain complex began overnight. So far the T-day of July 6th is a…
Commitments of Traders Analysis
Corn Commercials were net buyers of 16,357 contracts after adding open interest to both sides. They are not yet coming out of their shorts, which is necessary for a long-term bottom. Funds added to both sides of the market and were net sellers of 21,728. The added 22,430 longs and…