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Afternoon Wire
Down 30, Up 30, Down 30 Again in KWH to Start the Week Has Us Scratching Our Heads…
Chicago 40 Cents Off the Highs as China is Likely to Turn Towards EU if Additional Milling Quality Wheat is Desired; Jan Beans Back Above Last Week’s High with the Weather Market Still in Full Throttle
SRW Makes it Eight Sessions in a Row as Calendar Spreads Make New Move Highs; Massive OI Liquidation Signals Funds Activity in Covering Shorts
SRW Extends its Streak to Seven Sessions, Fueled by 1mmt to China so far this Week
Wheat Makes it Six Sessions in a Row; Chinese Buying, Regardless of Exactly When, Causing Funds to Rethink Historic Short Position
Exiting of Long Bean/Wheat Intermarket Leads to Nice Gains in SRW; China Continues Their Buying Spree After Those June Rains Destroyed an Abundance of Milling Quality Wheat
Wheat Completes a 3-Day Rally as Historic Fund Short Heads for the Exit; Corn Firms After Running into Good Export Demand at 3-year Lows
Wheat Rallies Consecutive Days as the Historic Net Fund Short Finally Begins to Cover; Z/H Corn Trades to an Historic Low
Fund Selling Eases for a Day in the Wheat as KWH Scores a Key Reversal; Market Structure Stays Friendly but Bullish Inputs are Otherwise Absent
Down 30, Up 30, Down 30 Again in KWH to Start the Week Has Us Scratching Our Heads…
Chicago 40 Cents Off the Highs as China is Likely to Turn Towards EU if Additional Milling Quality Wheat is Desired; Jan Beans Back Above Last Week’s High with the Weather Market Still in Full Throttle
SRW Makes it Eight Sessions in a Row as Calendar Spreads Make New Move Highs; Massive OI Liquidation Signals Funds Activity in Covering Shorts
SRW Extends its Streak to Seven Sessions, Fueled by 1mmt to China so far this Week
Wheat Makes it Six Sessions in a Row; Chinese Buying, Regardless of Exactly When, Causing Funds to Rethink Historic Short Position
Exiting of Long Bean/Wheat Intermarket Leads to Nice Gains in SRW; China Continues Their Buying Spree After Those June Rains Destroyed an Abundance of Milling Quality Wheat
Wheat Completes a 3-Day Rally as Historic Fund Short Heads for the Exit; Corn Firms After Running into Good Export Demand at 3-year Lows
Wheat Rallies Consecutive Days as the Historic Net Fund Short Finally Begins to Cover; Z/H Corn Trades to an Historic Low
Fund Selling Eases for a Day in the Wheat as KWH Scores a Key Reversal; Market Structure Stays Friendly but Bullish Inputs are Otherwise Absent
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