The number of global geopolitical/economic flashpoints has expanded dramatically, and the potential for a major risk-off event is growing. Given that US/China trade tensions are escalating and given China’s outsized impact on physical commodities, the threat against…
On balance, global economic conditions improved over the last week, with a slight tempering of trade tensions, strong US growth readings, and ideas that a number of central banks are seeing conditions that will allow them to plan stimulus exits…
After a slight brightening of the skies, the US Fed has stepped in and stoked recovery efforts further with a reduction in the number of anticipated 2016 rate hikes and a nod to the importance of international headwinds in their future policy decisions.
Despite the best efforts of the left, right and center factions in Greece, the situation there should drift from being a major influence on international financial markets to a second page, sad, social event.
Ethanol prices have plummeted due to weak domestic demand and a glut in supply.
Looking at the action in stocks last week, we might develop some concern for the pace of the US recovery, especially in the wake of a soft December Non-Farm Payroll result, sub-par sales guidance from a couple of bellwether US companies and from fears that the Fed might continue to taper even in the face of uneven US data.
Daniels Trading Senior Broker & Grain Analyst Contribution Editor Craig Turner was featured in the Voice of America video and article titled “Midwest Farmers Concerned with EPA Changes to Ethanol Standards.” The video and article focus on how reduced ethanol demand may lower prices for corn in the Midwest.
Daniels Trading Senior Broker Craig Turner was quoted in the Dow Jones Newswire article titled “Ethanol mandate jitters slam corn futures.” This news story reports on how potential EPA reductions to the Ethanol Mandate are impacting corn prices. Corn futures fell to a 38-month low after the U.S. Environmental Protection Agency on Friday suggested cutting… Read more.
Daniels Trading Senior Broker Craig Turner was quoted in the Dow Jones Newswire article titled “Corn Slips 1.1% as EPA Proposes Cut in Ethanol Mandate”. The article looks at the price implications on Dec 2014 corn due to possible EPA mandate reductions. Analysts said the proposal weighed on corn futures because approval could lead to… Read more.
There is not enough soymeal in the United States to meet demand. To help meet demand, crushers were planning on turning beans into meal using cheaper South American imports, as there is a lot of product available and the crush margins would be well in the green to support their efforts. But, because of the Brazilian port situation, the beans are not coming as quickly as the crushers wanted. The cheap product they could turn into expensive meal is apparently not in the cards.