Synthetics on close
JAN. BEAN: 12.66 (traded 12.685 on modified) DEC. SOYOIL: 52.30 – 52.40 DEC. CORN: 533 (traded 534 on modified)
Read MoreJAN. BEAN: 12.66 (traded 12.685 on modified) DEC. SOYOIL: 52.30 – 52.40 DEC. CORN: 533 (traded 534 on modified)
Read MoreYesterday the market saw a messy session where grains and the soy complex diverged. The main catalyst was the Informa new crop acreage numbers and an immediate play in SX11 versus CZ11. Paper bought 700 SX11 selling the Dec. I...
Read MoreMatt Pierce is traveling back from Cartagena, Colombia today where he attended the world’s largest conference on wheat. He will return to a regular schedule tomorrow.
Read MoreOverall the reaction to the report is as I expected. Corn is struggling under the weight of massive profit taking with only macros helping sustain a positive trade. No movement in wheat corn spread right now with both slightly...
Read MoreGrainAnalyst.com subscribers, see the newest trade rec posted to the website. http://www.grainanalyst.com/Matt-Trade.aspx Email on the way as well.
Read MoreShocking decline in bean ending stocks due to production drop. Corn looks supportive but I bet the trade fades the rally over 600. Wheat is neutral to slightly supported. I am looking for wheat to gain against corn on the day....
Read MoreMatt Pierce’s Special WASDE report, complete with trade recommendations, is available to GrainAnalyst.com Premium Subscribers under the Daily Grain Report for today, Nov. 8. Premium subscribers, login to your account and...
Read MorePaper buying massive corn protection in December options. The 625c has been bought 3000 times on the day paying 11. This is in addition to 3000 CZ 600-625 call spreads bought at 7.75-7.875. People fear the upside following the...
Read MoreEarly conversations with wheat producers show a growing level of concern. S. Hemisphere weather is the issue with La Nina talked about from all S. American countries. Australia is looking at a 40-50% reduction in total...
Read MoreI will be leaving today for Cartagena, Colombia to attend the world’s largest-ever conference for wheat producers and consumers. I am especially looking forward to meeting key people involved in wheat agri-business from...
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