Written Commentary
OPENING COMMENTS
The CFTC Commitment of Traders Report
Change in Managed Money Positions
Corn: -3,820
Soybeans: -25,445
Soybean Meal: -3,615
Soybean Oil: +11,274
Chi Wheat: -13,283
KC Wheat: -3,321
Canola: +9,070
25 Basis Point Cut to federal interest rates is expected in September. The probability has increased to 85.4% probability the rates move to 4.00-4.25.
Export & World News
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Daily Trading Limits: Corn $0.35 (expanded $0.55); Soybeans $0.75 (expanded $1.15); Minneapolis Wheat $0.60 (expanded $0.90); KC Wheat $0.40 (expanded $0.60); Chicago Wheat $0.40 (expanded $0.60)
Weather Outlook
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
