Capitol Commodity Hedging Services

Capitol Commodity Hedging Services

  • United States, IN, Indianapolis
#Grain #Futures Comments

Corn and soy trade both sides following Monday sell off with more chatter on whether managed
funds will maintain large shorts ahead of uncertain N. Hemisphere growing season., All three
markets trading inside Monday’s trading ranges—indicating absence of any narrative changing
overnight news.
Weather a mixed bag as needed Midwest dryness this week transitions into more wet weather for S
Midwest/Delta next week thru 16-30 day. S American weather largely favorable—boosting CN/BN
yield potential.
TX/OK winter wheat ratings improve while KS declines 2% in G/E category vs. last week. Southern
SRW ratings mixed but uniformly below 5-year average.
Nothing new on trade front overnight except for Perdue statement that PRC over next 2-5 years may
“triple” US ag purchases. On the negative side—SCMP article yesterday discussing possible June
XI/Trump meeting refers to G-20 confab in Osaka, Japan that is not scheduled until June 28th
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Capitol Commodity Hedging Services
Capitol Commodity Hedging Services