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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 Report

May 04, 2010

           Corn closed lower, soybeans closed mixed and wheat closed higher. All three markets opened lower mostly in response to a sharply higher U.S. dollar, sharply lower stock market and sharply lower energy market. The grains found some buying around key technical price points and this helped futures prices rally. Buying in the final 5 minutes helped wheat prices rally 6-cents and corn rally 5 cents. Unlike crude oil and the stock market, the grains have already been on large breaks. So far the growing season has been very good and as long as this continues this should help keep a lid on prices. There are some calls for some frost/freezing temps next week although temperatures do not look to get cold enough to do much damage if any. Still, this could be causing some buying “just in case” temperatures come in colder than expected...more times than not these rallies are selling opportunities. With options reasonable priced, I would look at buying some calls if you were concerned about a late frost.


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Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. 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 E Hedger, its affiliates, officers, directors, employees, or agents. Recipients assume the risk of reliance on and indemnify and hold E Hedger harmless for any and all losses, costs, or tax consequences incurred as a result of their use of market information.
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