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Farm Policy (Univ of IL) is estimating ethanol production will be down about 750mm gallons for March, April, and May. That is about 250mm bushel of corn lost from decreases in ethanol demand. There will probably be more demand lost in June/July/Aug to round out the marketing year. Right now we could be looking at 350mm to 400mm bushels of lost demand for 2019-2020 corn. The big concern is those bushels go right back into the ending stocks on the balance sheet.
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
The US Federal Reserve has pledged to buy assets with no limits. This is similar to the Fed support during the subprime crisis
The US and China have come to an agreement in principal over Phase One of the trade deal. The US and China are expected to sign in early January
The markets are higher today as more snow is forecast in the central US and that will further delay corn harvest. Farmer sales also tend to slow down during the week of Thanksgiving and that can be supportive too. Andy Daniels, the founder of Daniels Trading, has an opinion about rice today
The markets are higher today as more snow is forecast in the central US and that will further delay corn harvest. Farmer sales also tend to slow down during the week of Thanksgiving and that can be supportive too. Andy Daniels, the founder of Daniels Trading, has an opinion about rice today
USDA has been given a lot of grief lately about various reports and rice hasn’t been left off the list regarding questionable numbers. The difference with rice is twofold; not only is production overstated, but the demand estimates have been artificially lowered due to insufficient supplies. The production side of the equation is generated by…
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight:Futures, published on Friday, July 01, 2016. Short the September 2016 Rough Rice contract from 1093.5 (6/24/16). Market settled at 1064.5. Marked-to-market profit of $580. Stop loss: Move buy stop to 1108.0, above recent contract highs, GTC. (Remaining Risk: $290) Target: Maintain buy limit… Read more.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.