SOYBEANS For the upcoming USDA reports, soybeans could be the market with the most volatility. The recent dry weather across a large portion of the Midwest has been accompanied by very mild temperatures. Traders have become familiar with the old mantra that corn yields are made in late July and soybean yields are made in […]
The 2017-18 U.N. FAO soybean production estimate was raised 5.2 million tonnes to a near record level of 347.6 million tonnes on upward revisions for Brazilian and U.S. output. The Argentine Foreign Minister reported that the EU approved new duties in accordance with the WTO ruling against the anti-dumping that should open up the biodiesel […]
Sinograin sold 641,628 tonnes out of 893,161 tonnes offered of 2014 corn at auction this morning. The 2017-18 global corn output could reach a record of 1.06 billion tonnes, up 5 million tonnes, according to the U.N. FAO report. They cite higher output in Latin America and former Soviet Union states. December corn traded to […]
GOLD/SILVER Obviously flight to quality and save haven are going to be featured this week in gold with other markets like silver, platinum, palladium, Bonds and the Yen figuring into the mix. Historically there might be fewer events with as much safe haven potential as the current North Korean situation. At least in the short […]
End users in corn should be on alert to take action soon. The market is probing for a short-term low, and with a minor shift in weather or psychology, a short-term low could quickly turn into a major, longer-term low. Th e corn market is currently absorbing expectations for a large harvest and massive ending […]
The corn market seems to be pricing in a yield of around 165 to 166 bushels per acre for this season, but it will not take much in the way of dry and hot weather to see yields move significantly lower. There is very little rain in the forecast for the Midwest for the next […]
December Kansas City Wheat has seen a $1.34 ΒΌ cent rally on the heels of a nearly $3.00 rally in Minneapolis Spring Wheat over the same period. While the fundamental story in Kansas City Hard Red Winter Wheat is not nearly as exciting as it is for the Minneapolis Hard Red Spring contract, the overall […]
Crop conditions in July are important, but August rainfall is key! Another leg up or trend yield? From June 23rd to July 11th, November Soybeans rallied $1.40 to reach the $10.47 level. Poor weather during July left soybean crop conditions deteriorating rapidly, but the market gave back nearly half of the rally with widespread rains […]
Global equity markets were all higher overnight but once again the Russian markets were exceptions to that rule. The Asian session started out with a June reading on the Japanese trade balance that returned to a surplus and that would seem to be a sign of improvement in that economy. It should also be noted […]
Global equity markets were mostly higher overnight with the exceptions to that rule the Russian Markets and the IBEX. The Asian and European sessions were quiet data-wise. In addition to the lack of key scheduled economic data overnight the markets are also being held in check because of the looming ECB meeting on Thursday. The […]
