Kleist Comments

MORNING GRAINS 04/29/13

MORNING GRAINS 04/29/13

Corn:

Exports: None Visible.

Comments: Overnight trade at 1-week highs apparently over more rains in the forecast; Asian report suggests buyers are covered into August and feed demand could wane; open interest fell 14,100 led by May off 31,900 amid moderate volume. No opinion change. C-O-T report: leans positive.

SOYBEANS:

Exports: None Visible.

Comments: The psychology here suggests corn planting delays equals more potential bean plantings but really, I have better reasons to sell beans than that trap; open interest fell 6,7u00 led by May off 11,650 amid good volume; C-O-T report: neutral. No opinion change.

Wheat:

Exports: None Visible.

Comments: E.U. futures higher on U.S. freeze but topped by weaker demand and better weather in the E.U.; open interest little changed even as May falls 4,750 amid good volume. No opinion change.

Kleist Comments

This is John Kleist, of Kleist Ag Consulting.
Questions? Email me: johnwkleist@sbcglobal.net

Disclaimer: Trading options and commodities involves risk of loss and my not be for every investor. Past trading results may not be indicative of future performance. Although information and opinions provided herein are compiled from sources believed reliable, the sender, EBOT Trading, or its principals cannot attest as to accuracy or assume any responsibility for any errors or omissions as the information may not be complete or events may have changed.