E Hedger Morning Grain Commentary 4/23/10

Published on: 13:00PM Apr 23, 2010

E Hedger Morning Grain Commentary 4/23/10


1. Overnight trade was lower for corn, beans, and lower for wheat.

2.  May options expire at today's close.


3. Informa pegs 2010-2011 US corn production slightly above last year's record 13.13 bil, beans at 3.342 vs. 3.359, wheat off 8% from last year's 2.2 bil.


4. US March durable goods orders fall unexpectedly by 1.3%, the biggest drop since August; but ex-transportation, durable orders jumped 2.8%, the largest gain since December 2007.


5. Trading in DDG futures starts Wednesday, Apr 26, 2010; link for info on contract specs :




6. Greece formally requests lifeline for aid; details on IMF-EU package still have to be worked out; possible objections could derail the final bailout.


7. As of this writing the stock market is unchanged while the dollar index is sharply higher. Crude oil is trading lower while gold is trading $6.00 lower.





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.