Sunday trade opens
corn looks 3 to 4 cents DOWN
beans looks 1 cent DOWN
Chicago wheat UP 1
KC wheat UP 3.5
folks.....some questions need to be asked.
the reports i'm reading on the corn is not good, a lot of people asking how do you handle replants, tells me here is a problem.
iowa mesonet shows cold soil temps, other places fields under water........you have all of that BULLISH news, plus a delayed
corn plant, and what about the increased input of chem and fert...cost of production just went up.
beans.......really no impact yet, other than some might be switched to beans.......never mind that we almost doubled our exports last week.
wheat....maybe someone finally woke up........or decided to do something just to shut me up.....curious note, CME website stated that
KCHRW set a record trade on april 25 with the number of contracts.........some of you smarter ones on here help me......I take it to mean
"position" or a futures contract....which I can't see (at this point) how it would help us determine direction, other than a bunch more
in the market....it would be equal, the number of buyers and sellers..........now if it was options, we could get an idea.
this aint fun anymore............ive always been told, when it isn't fun, you need to quit what your doing.
update: april 25 record kchrw volume 99,805 contracts
*****my quote system wasn't working, it just kicked in, corn and wheat higher
Re: Sunday trade opens
Well the farmer and the grain trader are in a game of chicken like Kevin Bacon in Footloose...the winner will be the one whose shoelaces are caught in the brakes so they can`t jump off