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This January in Grain and Oilseeds – End of Month Chart Wrap

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January of 2018 is a wrap! I figured a snapshot of more than a few commodity markets from 10,000 feet may be useful. As you can see in the case of the row crops, we have started to move but we have a long way we could go. It’s easy to be bearish in the short term, but take a look at that chart of the ES and tell me you want to be long term bearish grains at these price levels. Volatility remains low, but it wont stay that way forever. As we have seen in the cotton and wheat markets since last week, things can change quickly. Stay nimble, thanks for following along with TWIG in January. See you all in Feb.

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Front Month Corn

January Corn Chart

Soybeans

January Soybean Chart

KC Wheat

January KC Wheat Chart

Chicago Wheat

January Chicago Wheat Chart

Cotton

January Cotton Chart

Minny Wheat

January Minny Wheat Chart

Bean Oil

January Bean Oil Chart

Front Month Meal

January Meal Chart

Oats

January Oats Chart

Lean Hogs

January Lean Hogs Chart

Feeder Cattle

January Feeder Cattle Chart

Live Cattle

January Live Cattle Chart

S&P 500

January S&P 500 Chart

Dollar Index

January Dollar Index Chart

Guide to USDA Grain Reports

USDA grain reports have the potential to move markets. This guide outlines the weekly, monthly, quarterly, and annual reports.

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About John Payne

John Payne is a Senior Futures & Options Broker and Market Strategist with Daniels Trading. He is the publisher of the grain focused newsletter called This Week in Grain, along with being a co-editor of Andy Daniels’s newsletter, Grain Analyst. He has been working as a series 3 registered broker since 2008.

John graduated from the University of Iowa with a degree in economics. After school, John embarked on a 4 year career with the United States Navy. It was during two tours in Iraq and the Persian Gulf where John realized how important commodities are to the survival of society as we know it. It was this understanding that brought about John’s curiosity in commodities. Upon his honorable discharge in 2007, John’s intense interest in the world of commodities inspired him to move to Chicago and pursue his passion in a career in the futures arena.

After a three year position with a managed futures firm specialized in livestock trading, he was given the opportunity to join the team at Daniels Trading. Being in the business and seeing how other IB’s operated, it was the integrity and straightforward approach of the Daniels management team and brokers that attracted him to make the move. Since joining Daniels, John has broadened his fundamental and technical analysis of the markets even further. John has been writing his newsletter This Week in Grain under the Daniels banner since 2011.

Working in high pressure industries like the military and capital markets, John has learned the value of preparation in times of stress. He believes that instilling within his clients the value of a good plan and a cool head for dealing with the day to day swings of commodity markets. He treats every client as a teammate, understanding that his job is to help clients achieve their goals, whatever they may be.

John is a proud supporter of the Iraq and Afghanistan Veterans of America, the Veterans of Foreign Wars and the National Corn Growers Association. When he is not working, he enjoys athletics of all kinds and spending time with his wife and their two kids.

John’s commentary is featured in the following publications:

* All Ag Radio – Sirius Channel 80
* AM 880 KRVN – Lexington, Nebraska
* RFD TV
* Wall Street Journal
* Barron’s
* China News Daily (English version)