by garrygard | Oct 8, 2018 | Daily Insights, Uncategorized
Good Morning, Weaker markets this morning with corn and beans both trading 3 lower to open the week. Last week the funds reduced their short position in corn by 75,000 contracts. The decrease in funds short position last week is outweighing the wet Midwest weather. I...
by garrygard | Oct 5, 2018 | Daily Insights, Uncategorized
Good Morning, Weather finally appears to be getting the attention of traders as harvest delays continue across the Midwest. With forecasts for rain thru the middle of next week for the majority of the upper Midwest we are seeing the funds cover some of their long...
by garrygard | Oct 4, 2018 | Daily Insights, Uncategorized
Good Morning, Corn and soybeans are both up 1 to start the day. Export sales released this morning showed corn at 56 million bushel which is down from last week but well above the ten week average of 27 million. Soybean exports also came in at 56 million bushel which...
by garrygard | Oct 3, 2018 | Daily Insights, Uncategorized
Good Morning, Commodities are unchanged this morning with a lack of follow through buying after a couple days of higher trade in the corn and bean markets. There has been some technical buying and short covering after Monday’s news of Canada and the US coming to an...
by garrygard | Oct 1, 2018 | Daily Insights, Uncategorized
October 1, 2018 Good Morning, Friday’s bearish stocks report from the USDA put pressure on the markets to end the week and month. This will add more pressure to the markets longer term if yields for the 2018 crop continue to be good. The markets are higher this...
