Good morning friends, US row crop markets are mixed this morning, while crude oil makes a new 9 month low. December corn and January soybeans remain in their tight ranges at 370 and 888, while cotton markets bleed lower as FND approaches for December futures at 76.66, up slightly. Wheat markets are making moves as… Read more.
This Week In Grain
Good morning friends Happy Friday from a cool, crisp Chicago Ill. CBOT markets are mixed this morning as corn and beans trade slightly higher, while wheat is lower. Cotton markets are down 20 ticks this morning to the mid 77.85 level, capping a very boring week for the markets while producers deal with the wrath… Read more.
Good morning friends Row crop markets are mixed this morning, trading just above Fridays close in wheat while the rest of the complex is in the red. Currency markets should hold some sway this week, as the FOMC meets on Wednesday to most likely raise rates for the 3rd time this year. This comes as… Read more.
Good morning friends The story this morning continues to be the collapse in emerging market currencies. Row crop traders are watching the Brazilian Real closely as trades just above the 2015 low when the Real traded near 4.28 to 1. We are already at an all-time closing low against the greenback, further weakness in the… Read more.
Good morning friends The carnage continues at the CBOT after President Trump announced plans are in the works for a tariff plan to hit back at China with tariffs on a list of another 200 billion dollars of import tariffs. Every market on my screen with the exception of the dollar and copper (oddly) are… Read more.
Good morning friends US row crop markets are higher across the board as I walk to work with 2 inches of snow on the ground here in Chicago, two weeks into the month of April. Corn and soybean prices have erased all of the selling that had taken place starting at 3 am on Wednesday… Read more.
Good afternoon friends! We had a bevy of reports today, starting with CONAB this morning which was neutral for soybeans (113 MMT beans/87.5 MMT corn) and bullish for corn. We then had USDA exports that were fantastic with a capital ‘F’ for corn, beans and cotton. Followed by maybe one of the most bullish USDA… Read more.
Hello friends Corn and wheat markets continue to climb the ladder today while soybeans have corrected a bit following a good evening of overnight price action. March corn is trading at a six month front month high of 365, November soybeans traded almost to 1010 last night but have pulled back slightly on supply news… Read more.
Good afternoon friends! 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. Its easy to be… Read more.
Happy Monday friends “Covering” is the theme this morning as shorts scramble out of the CBOT markets and longs out of the cotton markets. The action over the last four days is almost a perfect inverse between the corn/wheat and cotton markets. Overnight, corn a penny higher and has extended even more as I write… Read more.