This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Monday, November 13, 2017.
Good morning –
The Russian Ruble is at its weakest against the USD since August, which is expected to help fuel the strong Black Sea wheat export pace again this week.
The trend line in Soybeans may have broken, but Jan futures are hanging in there near the major moving averages. Fundamentally, soybeans could have a tough time rallying after weekend rains in northern Brazil and a drop in demand for palm oil futures.
Expect we will see the managed money position in corn at or near record net short levels when the numbers come out later today.
Those wanting to be bullish grain and oilseeds need to be tracking the La Nina potential in South America. Weekly sea surface temperatures dropped below 2016 lows last week. Give me a call at 877-566-5463 if you’d like to discuss what this might mean for your operation.