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Watching Grains

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We are watching the price action in the grains this week, since May options expire Friday. We have seen these expiration days mark an extreme in price followed by a reversal in the trend. The EIA (Energy Information Agency) will release their weekly inventory reports on Wednesday morning. Traders will be quick to adjust demand models, which could impact deferred months. Two charts we are watching closely are Ethanol and RBOB. Those contracts have not made new contract lows like the crude oil. If they do, then how will corn react?

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Kluis Commodity Advisors is a trade name used by the Wedbush Futures division of Wedbush Securities Inc. ("Wedbush"). Wedbush is a futures commission merchant and registered broker-dealer, member FINRA/SIPC. Futures customers should be aware that futures accounts, including options on futures, are not protected under the Securities Investor Protection Act. Past performance is not necessarily indicative of future results. Because the risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition. Comments contained in these materials are not intended to be a solicitation to buy or sell any commodities.

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Kluis Commodity Advisors (KCA) is a full-service broker with a combined 70 years of experience in the agricultural hedging business, assisting producers and processors with their grain marketing and risk management needs.

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