Skip to main content

Above you will find today’s installment of Morning Market Talk. Weekly Drought Monitor You can click on the picture above to take you to this morning’s episode. https://youtu.be/HFvHDEdhkDg On the Grains If I could sum up yesterday’s trade with one word it would be disappointment. Unless things change drastically it looks to be a poor finish to the week. While yes, corn did close higher, we had that whopper of an export number (142 million bushels) the largest sales in three years and the best we could muster was 2 ½ cents on the close.  Overnight action is off 2 ½, what we gained yesterday, on corn and down 8 on beans. In fact, at the time of writing this, only wheat and oats have any green on the screen. While it’s early (3:40 am) it appears that the December corn has $4.17 in its sights (100 day moving average) and if we see much pre-hedge we could test the 38.2% retracement level of $4.15 and below that the 50-day moving average at $4.09. Rinse and repeat on soybeans, except with a little more down pressure. Export sales of 79 million bushels, which is the second highest export number going…

This content is for members only.
Register
Already a member? Log in here

Sign Up For The Commstock Report

Sign Up Now to Improve Your Marketing and Protect Your Profits

Subscribe

Already a Subscriber?
Sign In