Good Morning, Quiet markets overnight as corn was up a half and soybeans were up 1. We saw early support in the market yesterday with a two week forecast showing cooler and wetter weather, but the record short position for traders continued as they sold off and the...
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...
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...
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...
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...
Good Morning, Corn is currently trading up three and Soybeans up six. Short covering is taking place today, after trade is seeing the effects on delays that last week’s snow storm caused. This afternoon USDA will release planting progress, with an estimate being that...
