The amount of trading time available might be less than in other weeks, but the importance of the next 4 days, and really to be honest the next three weeks into the US harvest and end of fiscal year hold tremendous value to where the trade could be by the end of the calendar year.
Senior Market Analyst John Payne reviews the August WASDE. Today, 8/12 the USDA put what could be a final dagger in the soybean bull market of 2006-2015.
This is your weekly grain wrap for the week of July 27th through July 31st. It’s been a wild time in the grain markets of late, with very one sided price action dominating the tape.
This is your weekly grain wrap for the week of July 13 through July 17th. The grain markets have been two sided this week in corn and beans, while wheat has taken a bit of a price set back.
Corn and wheat are being dragged along so to speak on too much moisture concerns, for corn its too much moisture and too little degree growing units thus far in the year.
The corn markets don’t seem to care because farmers appear to have the acreage in the ground, the bean markets don’t seem to care yet because many believe acreage to be planted will be greater than expected anyway, so who cares if we lose a million or so acres.
This week has a lot of moving parts on both the macro and grain fundamental side, along with weather situations developing in multiple locations across the country. The first thing you need to know about this week is that the USDA will…
There wasn’t one big announcement that changed things, rather it was the commodity markets greatest enemy at this point, the strong dollar, that is unleashing a new round of selling on the already record short grain complex.
Starting with corn, bears clearly have an arsenal of firepower in the corner right now. Prices have gotten a recent leg up from wheat, but I’m a afraid the longer-term pattern is downhill.
Daniels Trading Senior Market Analyst John Payne was quoted in the May 03 2015 WSJ article titled “Copper’s Win Streak Hits Seven Days.”