By: Patrick McRae – Grain markets found strong selling pressure today as many of the supportive technical levels of the grain complex have given way. The forecasts for the Midwest are showing good weather for grain planting and the overall lack of follow-through bullish information has proven lackluster to the…
Commentary
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Commercials were net sellers of 58,316 contracts for the week ending 5/1 after adding 21,169 new shorts and selling out of 37,147 existing longs. Funds were net buyers of 60,291 after reducing shorts and adding 42,267 new longs. Funds are not net long 393,707 contracts….
Free Commentary
By: Dan Hueber – With nothing alarming in the weather outlook this week and a rather benign export demand lineup, the path of least resistance for the grain/soy markets this morning is lower. Only soybeans and meal have actually posted lower weekly lows but if grains to not find a…
Daily Comments
By: Dan Hueber – With nothing alarming in the weather outlook this week and a rather benign export demand lineup, the path of least resistance for the grain/soy markets this morning is lower. Only soybeans and meal have actually posted lower weekly lows but if grains to not find a…