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Managed Money Net Sells 9.2k SRW, 0.9k HRW, 8.4k Corn, and 10.9k Soybeans; Net Buyers of 0.4k HRS
Big cal spread gains and flat price gains in MW and KW futures after KC receipts cancelled and MW cash trade moves to MWH.
Market “Sells the Fact” After Impressive Row Crop Export Sales; Wheat Sells Off After Failing at Overhead Resistance Last Night
Export Sales as of 10.14.21
A quiet night in macros and world ags, exception was the big gain to 2011 peak then reversal in palmoil. Good US soybean export sales and a new corn sale to Mexico this AM.
Corn Gets Help From a Bullish EIA Report and Soybeans Rise with Global Veg Oil Markets and Screaming Crush Margins; Winter Wheats Approach Contract Highs with MW Taking Off Again
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