Kleist Comments



Exports: None Visible.

Comments: 1st Notice Day Friday; Open interest fell 11,200 led by March off 36,200 amid heavy volume. We’ll see if corn’s ‘double high’ holds at $4.56-1/2. Not much fresh news to chew on.


Exports: Sold China 568,000t OLD CROP.

Comments: Add to this, Brazil’s 2nd largest pot at Rio Grande closed for two weeks due to an accident. Never underestimate China and at least the rally for THAT reason I can live with but I cannot help wondering if this is part of futures squeeze i.e. just more to cancel in 3-4weeks? They do trade futures you know. No excuse, wish I was privy to it or forecast it. Open interest rose 5,800 even as March falls 14,300 amid heavy volume. We’ll keep trading the charts for now.


Exports: Egypt cancels 110,000t SRW.

Comments: March wheat now has a near ‘triple high’ at $6.20-3/4. Yesterday’s early break I guess covered the cancellation. Trading affair. Open interest fell 9,200 led by March off 10,700 amid strong volume.

Kleist Comments

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

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