Grain Express 1/9/23
Posted: Jan. 9, 2023, 9:31 a.m.
Argentina
Weather in Argentina has been in the spotlight in recent weeks, and it looks like that is likely to continue with forecast showing persistent hot and dry conditions. Markets seem to be taking this as old news to start the week.
WASDE Report
The next WASDE report will be out on January 12th. We will have estimates out in the coming days.
A Look at the Outside Markets
Equity markets are showing strength in the early morning trade, crude oil is up 3.25%, and the US Dollar is at 103.27, down .375.
Corn (March)
Managed Money Position: 196,457
(Updated with the weekly CoT Report)
Seasonal Trend in Play: None
Technicals Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Soybeans (March)
Managed Money Position: 142,994
(Updated with the weekly CoT Report)
Seasonal Trend in Play (LAST DAY): March soybeans have trended higher from November 16th to January 9th for 14 of the last 15 years.
Next Seasonal Trend Start Date: January 31st
Technicals Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Wheat (March)
Managed Money Position: -52,715
(Updated with the weekly CoT Report)
Seasonal Trend in Play: None.
Next Seasonal Trend: March KC Wheat, Starts on January 10th.
Technicals Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial
Don't have an account with Blue Line Futures?
Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Like this post? Share it below:
Back to Insights
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Free Trial