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.
Front Month Corn
Front Month Meal
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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