Kleist Comments

MORNING GRAINS 8/21/13
MORNING GRAINS 8/21/13

Corn: ******RUNNING LATE ON EQUIPMENT******

Exports: None Visible.

Comments: While weather a factor corn mostly higher with the beans/meal; open interest fell 14,420 amid light-side volume. Not much else around.

SOYBEANS:

Exports: None Visible.

Comments: Hot & Dry for the next 10-days apparently from the overnight weather forecasters; interestingly Chicago area went from excellent rains to now ’26 yr. low on rains from July to August’; open interest fell 2750 amid moderate volume.

Wheat:

Exports: None Visible.

Comments: Once more basically trailing the corn action but like the rest, no visible export demand not helping; open interest fell 3,000 led by Sept. off 6200 amid light volume.

Will update later if fresh news available.

Kleist Comments

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

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