Happy new month. I would normally start the day chasing export sales as they always drop on Thursday mornings, but currently the government cant even provide the common masses with a spread sheet, so unless you are a commercial or a giant hedge fund, for at least the next 2 weeks you will be left in the dark. Of course that time frame puts us past the WASDE report on the 12th, so we miss old crop rollover and any new sales for 1/2 a month. Hope you enjoy our IFR flight with a VFR license. Beans off 27 3/4 to 1394 3/4 as the funds want to peek under $14 to see what happens. Bean oil also got slaughtered and Argy is working on a new scheme to get more exports of meal moving, which would have a negative effect on meal. With new crop beans coming in, the commercial squeeze in the crush is probably nearing its end this crop year. They have got all oat strikes below $4 now. Canada does have a solid oat crop. Corn off 12 1/2 to 658, and wheat down 37 1/4 to 794 1/4. In the wheat I would note that all the computers really did was reset the Sept numbers to DEC now that we have entered deliveries. Monday/Tuesday Sept wheat settle was 820/798 and Wednesday/Thursday DEC wheat was 831/794. The power of full carry roll on churn markets in a few easy days. Dow managed to base and we got a 131 point rally, 31,663, while bonds got spanked for 2 full points and 9 tics as Fed talk continues to push that they will keep rates higher for longer.
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