Grain Express 12/19/22
Posted: Dec. 19, 2022, 7:57 a.m.
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South America
Beneficial rains in parts of South America pressured grain markets on the Sunday night open. Prices are off those overnight lows in the early morning trade.
Today's Agenda
Weekly export inspections will be out at 10:00 AM CT.
A Look at the Outside Markets
Equity markets are firm in the early morning trade with crude oil up .75% and the U.S. Dollar treading near unchanged.
Corn (March)
Managed Money Position: 127,106 (Updated with the weekly CoT Report)
Seasonal Trend in Play: March corn futures have trended higher from November 16th to January 4th for 13 of the last 15 years.
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Soybeans (March)
Managed Money Position: 119,580 (Updated with the weekly CoT Report)
Seasonal Trend in Play: March soybeans have trended higher from November 16th to January 9th for 14 of the last 15 years.
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Wheat (March)
Managed Money Position: -63,004 (Updated with the weekly CoT Report)
Seasonal Trend in Play: None
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