A Negative Week for Grains

January 7, 2011 10:32 AM
 

By Scott Harms, Archer Financial Services

It was a negative week for the grains as the funds reduced their long exposure across the board.  Most notably was the nearly 30,000 contracts of corn sold this week by the hedge funds. 
 
Once the market failed to extend gains early in the week, the signals to lighten the commodity load developed as the week went on. In the end the commercials were strong buyers, so the long positions are moving into better hands.  his is a positive development for the next potential rally in grains. 
 
The market will be keenly watching the USDA numbers that are released next Wednesday. If the past three years are any indication, the market’s reaction to these numbers can be quite strong.
 
 
1 7 11 Prices
 
COT 1 7 11

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close