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Spec Trade: Buy a Dec Hog at 74.25 with a 72.77 stop.

Grain futures pause recovery price run. After becoming extremely overbought from 5 straight higher sessions since the USDA crop report low, grain futures pressed yesterday highs overnight and faltered into profit-taking in the morning hours. Export sales were deemed strong, with 50 million bushels of corn and 105.8 million bushels of soybeans sold. Good exports…

Veg oils around the world make new contract highs. Grain futures pushed higher overnight for the 6th day in a row of higher movement since the lows were made last Wednesday, October 13. Again, the leadership comes from the veg oil market, with Palm oil, EU rapeseed (up 10% in 2 weeks), Canadian canola, and…

Grain futures firm ahead of a potential Turn-around Tuesday. Grain futures were firmer overnight, as the US dollar weakened below of prior week’s low for the first time since the end of August. Creating a sense of a US dollar top in the making has a risk-on attitude in play. Metals moved sharply higher overnight…

Overnight strength from Crude oil fades. Crude oil pushed to new contract highs overnight, with North Sea Brent crude touching $86, pulling the soon to expire November WTI crude oil contract to 83.87. This offered support overnight to grains and soybeans, but that faded by the morning hours after last week’s multi-day recovery bounce was…

Grain prices continue their recovery. Grain futures were higher overnight, with focus now on increasing demand with the supply guesses fully known. Profit margins for soy crushers, ethanol producers and livestock produces as well are greatly enhanced at present prices and are being acted upon. Chinese crush margins are at multi-year highs and will bring…

Spec trade: Buy two Dec Micro-Gold at the MKT, 1767 last with a 1743 stop.

US dollar below 94.00 brings risk on mentality Grain futures are on the mend overnight, as end-user pricing became evident after funds steamrolled the market lower yesterday into significant technical support values for corn. Apparent yesterday is the selling was not cash-led. Wheat prices recovered as French milling wheat turned back higher overnight, presently up…

Spec Trade: Buy a Dec KC Wheat at 720.4 GTC with a 714 stop. Trendline support held. Lower the stop on Long Bean Oil to 58.32.

Spec Trade: Buy a Dec Bean Oil at the MKT, 59.36 last with a 58.62 stop.