By: Patrick McRae- Grain markets traded mixed on the day as much of the trade seemed focused on trend line technical patterns for the day. Corn markets managed to close positive but were not able to gain much from Fridays hard close lower and soybeans continued their loses to test…
Commentary
Commitments of Traders Analysis
By: Jeff Kaprelian – Corn Funds were net sellers of 42,244 contracts after adding 13,704 new shorts and liquidating 28,540 longs. Commercials lightened up on their shorts by 31,043 contracts and added 9,331 new longs. This resulted in net buying of 40,374 contracts. This is exactly what we’ve been hoping…
Free Commentary
By: Dan Hueber – We have been greeted with predominantly positive price action in the grain/soy arena as we begin this new week. I suspect the rationale behind the strength stems from a slightly excessive breakdown last Friday and the fact that there is little bearish news circulating this morning. …
Daily Comments
By: Dan Hueber – We have been greeted with predominantly positive price action in the grain/soy arena as we begin this new week. I suspect the rationale behind the strength stems from a slightly excessive breakdown last Friday and the fact that there is little bearish news circulating this morning. …