By: Patrick McRae – Grain markets felt the selling pressure to start the week. Weather forecasts show good potential for rain in the coming weeks and with the good/excellent ratings still showing good progress for the crops, it’s hard to find something very bullish given the net selling pressure seen…
Commentary
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net buyers of 48,753 contracts after adding 22,910 new longs and covering 25,843 shorts. Commercial short-covering is exactly what we’ll need to see to get this market moving again. It’s worth noting they still have over a million contracts on the short side….
Free Commentary
By: Dan Hueber – We are confronted with relatively quiet two-sided trade as we begin this new week, with wheat currently the only market able to remain in the positive column. Realistically, wheat is the sole market that has a verifiable production issue at this time, which was reflected in…
Daily Comments
By: Dan Hueber – We are confronted with relatively quiet two-sided trade as we begin this new week, with wheat currently the only market able to remain in the positive column. Realistically, wheat is the sole market that has a verifiable production issue at this time, which was reflected in…