It was another quiet day of trading in the soybean market, that left futures fractionally higher at the close. Once again the entire days range was carved out in the overnight, and trading through the day held within that range. Light old and new crop export sales were announced, and weekly export inspections were uneventful,…
Hogs were lower at the open on Monday, and spent most of the day trading in the red, with losses extended late in the day. The entire market was under pressure, but the largest drop was in December which fell $1.725 and finished back under the contracts 50 and 100 day moving averages. The hog…
The Commitment of Traders report showed that managed money funds are still holding a short positions in Chicago wheat, corn and soybeans worth 404,051 contracts, an increase of 52,000 contracts from previous week, the biggest since April 25th. Managed funds as of last Friday held a combined short position in corn, wheat, soybeans and soy oil worth 426,264 contracts,…
Mounting drought concerns in Europe to Ukraine.
** The morning at the CBOT has been mixed with limited flat price direction. Traders appear to be waiting for more clarity on the summer Central US weather pattern. Cash related hedge pressure was felt in winter wheat on the opening, while Minn wheat futures continue to add to its price premiums relative to other…
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