by garrygard | Nov 8, 2019 | Daily Insights, Uncategorized
Good Morning, Quiet markets to open the day as traders await the 11am WASDE report. (Estimates listed below) Heading into today’s report the spec funds are carrying a rather large short position in corn and long position in soybeans given the private estimates for...
by garrygard | Nov 5, 2019 | Daily Insights, Uncategorized
Good Morning, The corn market it trading 2 lower and soybeans are 3 lower this morning as trade continues to position ahead of Fridays report. Funds are currently short 102,000 corn and long 74,000 soybean contracts. Last nights crop progress report showed US corn...
by garrygard | Nov 4, 2019 | Daily Insights, Uncategorized
Good Morning, Lower in corn and higher in soybeans to start the week. Corn is currently down 3 and soybeans are up 5. Harvest pressure is weighing on the corn markets as producers made decent progress over the weekend. Progress is expected to reach 55% complete over...
by garrygard | Nov 1, 2019 | Daily Insights, Uncategorized
Good Morning, Markets are slightly firmer to end the week with corn up 1 and soybeans up 4 to start the day. Yesterday’s export sales report showed corn in the middle of the range of expectations but expectations are low with the trend of lower weekly volumes. US corn...
by garrygard | Oct 31, 2019 | Daily Insights, Uncategorized
October 31, 2019 Happy Halloween, Merry Christmas, Not sure what we should call today with the snow flying like its December 30th. The markets are weaker this am with corn down 5 and soybeans down 4. A lot of the pressure is coming from news that Chile has cancelled...
