Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items:

• MS recommends selling 10 pct 2022 corn supplies at Dec 23 closing price.
• Managed funds are net long 68,000 soybean, 108,000 soymeal and short 7,000 soyoil contracts.
• Managed funds are net short 169,000 corn and short 99,000 wheat.
• SF4 traded from $13.98 down to $13.27 but rallied to $13.68 on tight US supplies.
• CZ4 rallied from $4.76 to $4.96 on Brazil weather worries then dropped to $4.82 on low US exports.
• WZ3 dropped from $6.08 to $5.67 on higher Russia supplies and lower prices.
• US stocks are higher on talk of reduced chances of higher US rates.
• US Dollar is lower on talk of higher US debt and fact rates may not go higher.
• Crude is trying to bounce off recent lows on talk of even lower OPEC production.

Performance Charts

Now you can review the price and performance history of the Market Signals group back to 2011.
Click Unsold pieces to reveal Recommendations, when applicable.

All price recommendations below are futures price references (not cash equivalents).