Grain Express 4/17/23
Posted: April 17, 2023, 7:51 a.m.
Black Sea
- Ukraine's restoration ministry said on Monday the Black Sea grain initiative was in danger of being shut down after Russia again blocked inspections of ships under the deal in Turkish waters. -Reuters
Soybean Crush
- Expectations for March soybean crush are near 183.4 million bushels. this would be nearly 11% more than February.
Crop Progress
- Analysts are expecting to see this afternoon's crop progress report show about 17% of the US corn crop planted and around 5% of soybeans.
Commitment of Traders (as of 4/11/2023)
- Corn: Managed Money were net long 27,112 futures/options contracts. Broken down, that is 213,491 longs VS 186,379 shorts.
- Soybeans: Managed Money were net long 125,022 futures/options contracts. Broken down, that is 142,652 longs VS 17,630 shorts.
- Wheat: Managed Money were net short 104,247 futures/options contracts. Broken down, that is 56,306 longs VS 160,553 shorts.
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Corn Seasonal Trend in Play
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WheatSeasonal Trend in Play
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
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