In today's episode, we discuss the selling pressure in the grains market, particularly in corn and beans. The Commitment of Traders data released on Friday showed heavy selling pressure from the funds, with short positions of 265,000 contracts in beans and 95,000 contracts in corn. However, the funds have been trimming their short positions in Chicago wheat, which could potentially spark a recovery in the wheat market.

Moving on to the corn market, prices are down 3 cents, sitting at 4.43 and a quarter. There isn't much news to drive the market at the moment, and last week's minor recovery and strength in spreads evaporated by the end of the week. The strong South American crop coming online and the large supply in the corn market make it difficult to see a rally in acres or a significant increase in prices.

‍

image author
Teddy Tarvis
Crazy For Copper
Teddy finds excitement in the daily challenges and learning opportunities the market presents. His favorite market to trade is copper.

look at latest Podcasts

View All

Wake Up Call

Pete Affrunti

Midday Mayhem

Greg McBride

Wake Up Call

Ben Breisch

CommodityCast is a group of agriculteral professionals navigating their way through the markets and sharing their journey along the way.

Stay Tuned For More From CommodityCast
This material has been prepared by a sales or trading employee or agent of Allendale Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Allendale’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Allendale Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
webflow icon
Buy this Template
All Templates
Hire a Webflow Professional to build a website using this template. Learn More
Make an Appointment
Get A Quote