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EHedger Report

RSS By: Dustin Johnson

Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.

EHedger Afternoon Grain Commentary 8-17-2011

Aug 17, 2011

Soybeans regained some of their ground to corn today after making new contract highs today.  December corn finished 2 cents lower, November soybeans 17 ¼ cents higher, and December wheat 6 cents higher. 

Today we found strong buying support in November soybeans especially after some technical levels were breached.  The corn to soybean ratio has been so heavily weighted to corn lately that a small reversal is to be expected. 

Tomorrow we will have export sales in the morning.  Here are the following market estimates:

Corn:                                                  600-1250

Soybeans:                                          400-900

Wheat                                                400-700

We will have the actual in tomorrow morning’s letter.

Weather looks like we should see some quality rains through the better part of the corn belt over the next couple of days going into the weekend.  Weather and the Monday morning crop conditions reports should still be the main driving factors until we get into harvest.  We just made new contract highs in corn and we could easily see this push continue with the bullish sentiment.  We want to stay well protected with sustainable hedges. 

Please call your broker if you have any questions.

Best Regards,

EHedger

 

For a free trial of EHedger services including the morning automated phone call, daily afternoon market commentary, and/or a free consultation, please contact EHedger at 866-433-4371. You can also visit us at www.EHedger.com.

 

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. The market information contained in this message has been obtained from sources believed to be reliable, but is not guaranteed as to its accuracy or completeness. Market information may not be consistent with current or future market positions of EHedger LLC, its affiliates, officers, directors, employees, or agents.

 

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