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Tuesday AM in Grain and Oilseeds 12-22

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Hello friends
  • New covid strain…I have a feeling it is always going to be “something” with this virus. This isn’t necessarily bearish though given the market anticipation for more stimulus whenever bad news pops up.
  • China sells out of corn in yesterday’s auction (via Pro Farmer)
  • US congress passes 900 billion dollar stimulus package. US ethanol and bio fuel producers are winners as they will enjoy new tax benefits.  The trade is starting to believe Biden will be friendly to US farmers over US oil producers. The stimulus package definitely pushes low carbon use.
  • Export inspections remain on fire across the board.  USDA is expected to raise demand in coming USDA reports.
  • Argentina port strikes continue.  Wheat delays are now being reported.
  • Soybean oil makes a new 7 year high in the overnight.  Edible oil markets demand is fantastic while supply is being rationed (see Russia sunflower oil)
  • N/C Brazil will receive a good amount of rainfall over the coming two weeks.  Argentina remains dry.
This Week In Grain

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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)