Kleist Comments

This is John Kleist, of Kleist Ag Consulting, You've heard me report on Agricultural commodity markets for years either over the radio or at seminars. Late January, KMIT hosted a seminar in which I spoke to nearly 300 attendees. The biggest concern was either an inflationary runaway in grains or a economic collapse due to high U.S. debt levels and a continuing recessionary condition both here and abroad.

As a special offer to KMIT listeners, I am offering a free two-week subscription to my daily commentary that includes: pre-opening calls (not just due to the overnight trading but WHY); early factors influencing the grains and livestock; daily chart analysis; trade recommendations as well as hedging recommendations; vital economic news; and weekly reports of how the funds, and the index funds, are positioned; and all special reports. Forewarned is forearmed in dealing with the markets.

Email me today for a free two-week trial @ johnwkleist@sbcglobal.net.

Closing Ag Comments

05 - 18 - 12

LIVESTOCK

Cattle :Higher close on bullish attitudes towards this week's cash cattle trade; higher midday beef; expected bullish cattle on feed report tomorrow. Weekly beef export sales 'decent'.

Hogs: Good gains on a bullish psychology of expanded spring pork demand amid good grilling weather and the upcoming Memorial Day holiday. Early interior markets mixed; midday pork quiet.

GRAINS & OILSEEDS

Corn: Modest gains in a narrow range. Wheat's extended rally was supportive but resistance seen building on generally good weather and exports. Weekly export sales fell to just 321,800t old crop (new crop 390,000t) and likely a sign of some rationing kicking in.

Soybeans: Strong close led by old crop as China overnight took 480,000t old crop beans, heavy by historical patterns. And perhaps a bit questionable. Weekly export sales eased; plantings and growing conditions overall favorable.

Wheat: More gains here as shortcovering continues over real and imagined crop conditions in various parts of the globe. Keep in mind the funds: Chigo.open interest fell 10,000 on yesterday's rally. Weekly export sales lightened to 321,800t old crop/390,000t new crop. Fresh news? India moves to get exporters to sell GOVERNMENT stocks to ease their "bulging" domestic supplies.

GENERAL COMMENTS

NONE

Disclaimer: Trading optioncs 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.