Jul 12, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin


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 Closing Grains Commentary 11/17/09

Nov 17, 2009
SETTLEMENTS 11/17
         
 
Dec 09 Corn
401 ¾      
- ½   
Jan 10 Beans
1031 ¼ 
+ 21 ¼ 
Dec 09 Wheat
574 ¼      
+ 12 
Dec 09 KC Wheat
574 
+ 13 ¾ 
Dec 09 Min Wheat
582    
+ 7 ¾  
Dec 09 Meal
308.7
+ 4.3
Dec 09 Oil
39.95
+ 0.18
 
 
 
 
 
 
 
 
 
 







 
 
Beans and wheat closed higher while corn closed slightly lower. Today appeared to be dominated by the technical trade. Once it was clear that beans were going to have a technically strong close, buying poured into the market to push the Jan beans up to their highest close since Mid August. Wheat also had a solid close but corn never managed to find the buying interest. Oil world came out and once again cut Argentina’s bean crop estimate. Who knows where that crop will end up but it is extremely early to start making those kinds of cuts to Argentina’s bean crop. From a fundamental standpoint, grain prices are at lofty levels. There is still room for debate on where exactly the crop will end up, but in general the US is going to have a solid crop and at this point the demand does not justify prices moving significantly higher from here. However, that does not mean that technical traders, money flow, and inflation fears cannot make prices move higher. Even though this could happen we don't think producers should sit on large amounts of unsold grain. We recommend that producers... 
 
 
 
Get More From EHedger.
 
Our commentaries are just one part of our whole risk management service. Please go to http://www.ehedger.com/getmore.html for a free two-week trial of our full member website that gives you access to all our hedge and marketing recommendations, educational tools, market snapshots and much more.
Also learn about our acclaimed AMMO Program that helps producers optimize their marketing strategies using the premier tools and insights in the industry.
 
Get Organized. Get Ahead. Get EHedger
 
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.
Log In or Sign Up to comment

COMMENTS (2 Comments)

Anonymous
thats what its all about, them gettin your money while sitting in there nice dry office while were out in the mud!
9:39 AM Nov 18th
 
Anonymous
I'm getting really tired of you only giving comments and analysis half of the time and the rest of the time just dangling stuff out there to get people to buy your service. If your not going to give consistant commentary, they should kick you off the markets page and tell you to buy advertising.
5:36 AM Nov 18th
 

Receive the latest news, information and commentary customized for you. Sign up to receive Dairy Today's eUpdate today!

 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions