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The Grains Review For the Week of April 23, 2012

Coming back from the weekend markets have a calmer opening as compared with Friday’s explosion to the upside in beans. The explosion, as I put out on Twitter, was completely based on rumors of fresh Chinese demand for beans off the PNW. Though we have seen only partial confirmation this morning, basis does support the [...] - Read More

Posted in Grain Futures at 11:52 pm on April 23, 2012

The Grains Review For the Week of April 16, 2012

Coming back from the weekend I see negative macro factors adding momentum to bearish weekend weather. The trade is fading due to good weekend rains in MN, IA and throughout the Midwest and a lack of fresh demand from China or anyone else for that matter. Weak crude markets and a strong USD make many [...] - Read More

Posted in Grain Futures at 11:56 pm on April 16, 2012

The Grains Review For the Week of April 9, 2012

Thursday saw another round of excited buying in corn and beans with wheat actually not losing ground. Old/New bean spreads exploded, corn spreads folded and front end meal spreads bent bearish. It was another messy session with a strong upside bias noted. The bean strength comes from Chinese markets more than fresh demand. Export sales [...] - Read More

Posted in Grain Futures at 12:30 am on April 10, 2012

The Grains Review For the Week of April 2, 2012

On Friday traders saw a wild session. Old crop corn hit and closed limit higher in May alone. Old/new corn spreads blow up, and old/new bean spreads weakened on the rally. New crop beans gained on low acreage expectations, wheat gained on short covering and meal spreads spoke bearish. What a mess. Big shifts due [...] - Read More

Posted in Grain Futures at 12:36 am on April 3, 2012

The Grains Review For the week of March 26, 2012

Coming back from the weekend, bullish sentiment in beans remains the biggest story. Spreads continue to point higher with SN-X moving over 50-cents overnight. CN-Z remains stuck in the middle of the established range offering mixed signals to corn longs. Bean longs continue to impress even though they lack export demand or any new crop [...] - Read More

Posted in Grain Futures at 3:25 am on March 27, 2012

The Grains Review For the week of March 12, 2012

Friday saw a very messy session with the WASDE report offering nothing bullish allowing the trade to open flat versus Thursday’s settle. Beans tried the downside briefly before news of Chinese buying corn hit the wires. This blew up all three markets even though the talk was completely unconfirmed. No one has seen anything from [...] - Read More

Posted in Grain Futures at 3:08 am on March 13, 2012

PitGuru.com’s Weekly Review for the Week of March 5, 2012

On Friday markets saw a very messy trade. Early weakness in corn and wheat was erased as both followed beans to the upside. On the close, wheat popped to daily highs as positive floor momentum and strength in KC and Minny helped support the trade. This feels more like short covering (backed up by losses in OI) than anything on the fundamental side so I do not look for momentum to continue in Chicago where as KC and Minny have some reasons to continue higher as demand and weather remain issues. KC remains an unknown with the HRW crop sure to experience problems if below average precipitation and above normal temps persist through March. - Read More

Posted in Grain Futures | Market Analysis at 10:38 pm on March 5, 2012

PitGuru.com’s Weekly Review for the Week of February 27, 2012

www.PitGuru.com info@pitguru.com 1-800-963-1561 Live Opening Market Calls & Weekly Trading Tips from Professional Floor Traders! SMS Text Message Trade Recs straight from the Pits! Floor traders give you free insight into Crude Oil, Natural Gas, S&P500, Soybeans, Corn, Wheat, Sugar, Coffee, Cocoa and more! Visit www.Pitguru.com and register for your FREE All Access Virtual PitGuru [...] - Read More

Posted in Grain Futures | Market Analysis at 11:21 pm on February 27, 2012

PitGuru.com’s Weekly Review for the Week of February 13, 2012

Posted in Grain Futures | Market Analysis at 11:18 pm on February 13, 2012

PitGuru.com’s Weekly Review for the Week of February 6, 2012

Posted in Grain Futures | Market Analysis at 10:04 pm on February 6, 2012

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