Kleist Comments



Exports: None Visible

Comments: Apparently, the USDA will release weekly export sales reports at 2:00 cdt, no telling what weeks it will cover; no S/D report until November 8th; open interest little changed in total and individually amid light volume.


Exports: Sold China 222,000t and Unknown 140,000t’s soybeans.

Comments: Weekly export sales after the close apparently; some support as China’s GDP comes in strong and the overnight sales; CPO might see lessened China demand as soyoil prices quoted $154t under palm oil; open interest rose 1,700 even as November fell 9,000 amid good volume; November keeps swing the gates open over $13.00 and many times means a close over in the works; look to roll call options on hedge equity protection.


Exports: Sold South Korea 23,000t.

Comments: Apparently Argentina in for another freeze blowing up the wheat’s skirt this morning but not all forecasters in agreement; but with that talk Argentina will halt exports but boys I think that’s old news as per Brazil buying U.S. the last several weeks; Russian Ag Min. says lagging plantings picked up in latest week; one Argentine forecast says major southern crop areas improved though northern areas need more rains (of course); open interest little changed in total though volume improved to moderate. December Chicago another go at $7.00’s?

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.