December corn futures had one of their most constructive sessions this month, the next two sessions should give us an idea of where we stand in the “bottoming process”.
Pro Farmer Crop Tour plans to release their final findings on Friday. Corn futures testing our support pocket from 363 ¾-369.
Trades we are monitoring today. Nov Eurodollar Iron Fly looks full value.
Friendly start to the Pro Farmer crop tour. The weekly crop progress report was released yesterday afternoon, showing the U.S. corn conditions at 56% Good/Excellent, down 1% from the previous week and 2% below expectations.
Sneak peek at July hedge fund and managed futures returns from Kettera Hydra Platform Investor Letter.
November soybean futures tried to gain ground early last week but failed to attract new buyers near the psychologically significant $9.00 handle. We saw several headlines that had a positive spin, all of which were sold into.
Seeing recycled positive trade headlines thrown at the soybean market, with little response. Crop tours kick off next week.
Trades we are monitoring today. COMEX Gold Options trading idea using straddle.
December corn futures finished lower yesterday as longs continued to liquidate and shorts pounced. Crop tours will start hitting the roads in the coming weeks, this will likely have some influence on price action.
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