![]() ![]() Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Suspect today will be the day of confirmation of that breakout, or confirmation everybody that wants to be long futures…., are long. dollar, and rising interest rates as driving “demand destruction” in world grain markets.Ĭorn market testing upside breakout area on the daily chart. IA 55% vs ave this date of 36%.Ĭargill’s World Trading Group said it sees high commodity prices, the strong U.S. Soybean harvest nationally at 44% compares to the 5-year ave this date of 38%. NASS had corn harvest at 30% as of Sunday night. A year ago, shipments reduced due to the hurricane. Soybean inspections up sharply from the previous week but YTD shipments are down near 25% from a year ago. ![]() Weekly Export Inspections numbers neutral corn and wheat. SX22 3¢ lower at $13.73 ¼ in a 15¢ two-sided range.ĭow futures showing a 92-point gain at 29,360. At 0530 CZ22 off 2¢ at $6.91 and has seen a 3 ¾¢ range on 13K contracts of volume. Quiet overnight trade ahead of this morning’s reports. Not expected to be tested but limits again are 50¢ on corn, $1.15 on soybeans and 70¢ for wheat. ![]() Trade leaning toward an overall tighter corn balance sheet and larger soybean. Report day – WASDE October report with incorporates September 30th stocks data, new production estimates and tweaking of demand. ![]()
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