Kleist Comments



Exports: So. Korea buys 60,000t feed wheat, 60,000t corn Black Sea. Sold Unknown 8,128t old crop and 203,200t new crop.

Comments: Last 9 days So.Korea bought 705,000t corn and wheat; August options expire today; open interest rose 1900 amid moderate volume; Chicago could see record LOW temps. tonight? (54 degrees); looks like a possible consolidation type trade today; ‘meaningful’ resistance $4.83-4.89.


Exports: Sold China 220,000t new crop.

Comments: Looking at an August bar chart, I wonder if some official didn’t whisper in some of the longs ears to cool it Monday or Tuesday, top to bottom break just 10-cent shy of a $2.00 break in just 4 days; China weather reports suggests rains in ‘key areas’ very favorable; India’s soybean plantings to rise 15% due to favorable rains; open interest fell 13,3670 led by November off 10,560 amid moderate/good volume; nearby resistance Nov. $12.30-12.40.


Exports: None Visible.

Comments: North Dakota crop tour wrap up: 44.9bu./acre, steady with last year though above the 3-year average of 43.3bu.; U.S. spring wheat weather mostly favorable; open interest little changed in total, some rolling noted out of U into Z/H, volume light side. Sept. “meaningful” resistance $6.62-6.70.

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.