by garrygard | Apr 24, 2019 | Daily Insights, Uncategorized
Good Morning, Markets opened lower again this morning as the funds continue to drive the market by adding more short positions as weather provides no issues for planting. The funds combined position in corn, wheat and the bean complex is currently short 650,000...
by garrygard | Apr 23, 2019 | Daily Insights, Uncategorized
Good Morning, Corn made new contract lows yesterday and took out the low from two weeks ago. The lower trade has been influenced by a forecast. The outlook for the majority of the Midwest looks to be conducive to getting some field work done over the next several days...
by garrygard | Apr 22, 2019 | Daily Insights, Uncategorized
Good Morning, Markets are lower this morning as weather forecasts show a favorable outlook for much of the next week. Open interests continues to grow contrary to seasonal trends and despite the funds holding record short positions. Traders are currently short 315,000...
by garrygard | Apr 18, 2019 | Daily Insights, Uncategorized
Good Morning, Softer markets this morning with corn and soybeans down 1 and wheat down 3. The funds are in the midst of rolling their May shorts to July, but we have seen very little movement to the upside so far this week with this action. Traders are holding a...
by garrygard | Apr 9, 2019 | Daily Insights, Uncategorized
Good Morning, Markets are starting the day lower with corn down 2 and soybeans down 1. USDA S&D numbers will be released at 11am this morning and estimates are for higher stocks in all three major commodities. (see estimates below) To see what the uphill climb...
