Below is a quick video touching on some of the new news that came across the wires Friday afternoon.
Cattle on Feed Report
Estimated Range Average Estimate Actual
CoF: 103.4-106.2% 104.6% 105%
Placements: 103.4-116% 107.3% 113%
Marketed: 101.2-103.1% 102.7% 103%
Commitment of Traders Report for Grains (Compiled through October 17th)
Funds increased their net short position in corn (futures & options) to -170,684, this Vs -162,937 LW
Funds increased their net long position in beans (Futures & Options) to 68,168, this Vs 30,992 LW
On the calendar for Monday
Cold storage at 2:00pm cst
Crop Progress 3:00pm cst
As always, we will send out the Blue Line Express Grain Commentary before 8am cst Monday. If you are interested and are not yet on the distribution list, please email Oliver@BlueLineFutures.com.
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.