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Technical Ag Knowledge: Estimates for Tomorrow’s WASDE

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This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Thursday June 09, 2016.

We’ll fill in all these “TBD”s tomorrow @ 11:00 CST:

U.S. Ending Stocks 2015/16

  June Est. Average Trade Est. Trade Range USDA May
Corn TBD 1.772 1.728 – 1.820 1.803
Soybeans TBD 0.385 0.355 – 0.400 0.400
Wheat TBD 0.981 0.953 – 1.00 0.978

U.S. Ending Stocks 2016/17

  June Est. Average Trade Est. Trade Range USDA May
Corn TBD 2.125 1.973 – 2.441 2.153
Soybeans TBD 0.289 0.215 – 0.350 0.305
Wheat TBD 1.045 1.007 – 1.100 1.029

World Ending Stocks 2015/16

  June Est. Average Trade Est. Trade Range USDA May
Corn TBD 206.00 204.50 – 208.50 207.87
Soybeans TBD 72.73 70.00 – 74.00 74.25
Wheat TBD 242.48 241.00 – 243.20 242.91

World Ending Stocks 2016/17

  June Est. Average Trade Est. Trade Range USDA May
Corn TBD 205.18 204.00 – 208.00 207.04
Soybeans TBD 66.67 65.00 – 68.01 68.21
Wheat TBD 257.80 255.00 – 261.43 257.34

U.S. Wheat Production 2015/16

  June Est. Average Trade Est. Trade Range USDA May
All Wheat TBD 2.014 1.898 – 2.128 1.998
All Winter TBD 1.451 1.413 – 1.545 1.427
Hard Red Winter TBD 0.883 0.862 – 0.980 0.863
Soft Red Winter TBD 0.355 0.332 – 0.367 0.357
White Winter TBD 0.211 0.205 – 0.220 0.208

South American Production 2015/16

  June Est. Average Trade Est. Trade Range USDA May
Brazil Corn TBD 79.00 76.00 – 81.00 81.00
Brazil Soybeans TBD 98.16 97.00 – 99.00 99.00
Argentina Corn TBD 26.81 26.00 – 27.00 27.00
Argentina Soybeans TBD 55.69 54.50 – 56.50 56.50

 

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Risk Disclosure

THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.

THIS MATERIAL HAS BEEN PREPARED BY A DANIELS TRADING BROKER WHO PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, DANIELS TRADING DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. DANIELS TRADING, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN.

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TRADE RECOMMENDATIONS AND PROFIT/LOSS CALCULATIONS MAY NOT INCLUDE COMMISSIONS AND FEES. PLEASE CONSULT YOUR BROKER FOR DETAILS BASED ON YOUR TRADING ARRANGEMENT AND COMMISSION SETUP.

YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES. YOU SHOULD READ THE "RISK DISCLOSURE" WEBPAGE ACCESSED AT WWW.DANIELSTRADING.COM AT THE BOTTOM OF THE HOMEPAGE. DANIELS TRADING IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. DANIELS TRADING DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE.

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About Tom Dosdall

Tom has supported traders and investors worldwide across all dt execution categories. With the understanding that each client is independent of another, Tom has shown an ability to listen to the needs of each and match them with the service or product that best suits their circumstances.

If you are a self-directed trader, you can expect objective guidance on finding the right balance between price and value. That might mean anything from finding a sharp platform to help you do what you already know you want to do or providing consultation on some of the most cutting edge trading indicators on the market.

If you are more of a “hands off” investor, ask Tom about the network of professional advisors that he has come across over his years in the industry. Once he can get a feel for your risk tolerance and objectives he can help you to deploy a program.

Are you somewhere in between fully hands on and fully hands off? Consider how you can leverage Tom’s experience for your benefit in a broker-assisted relationship. Together, you will analyze the markets that you are most interested in and come up with a trading plan that you are comfortable and confident with.

In summary, his goal is twofold: to ensure that each client he works with is guided with the resources needed to trade with confidence and that they are equipped with the knowledge and comfort needed to grow as an investor in the new global economy. Tom holds a Bachelor of Arts degree from Colgate University.

Market Perspective: 80% technical 20% fundamental