Grains Start the Week Under Pressure
Corn futures are lower, soybeans lower, and wheat lower at 6 a.m. CDT.By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 7 cents lower (July), soybeans 9 cents lower
(July), and wheat 7 cents lower (July).
CME Globex Recap: Grains opened lower Sunday evening and stayed lower through
early Monday morning. Pressure continues to come from noncommercial traders
despite support from outside markets. The grain sector was the only one showing
consistent losses with solid gains seen in most metals and energies. The U.S.
dollar index was quietly higher while Dow Jones Industrial Average futures
posted a strong gain overnight.
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http://sweetfutures.com/2013/dtn-morning-comments-on-grains-5/
The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the opinions of the author only and not the opinion of any firm the author may be affiliated or associated with.
