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.
This Week In Grain
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.
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. It’s easy to be bearish in the… 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.
Good morning friends, A big 24 hours of data is ahead of us, we have quite a bit to digest this morning as CONAB kicked things off early. Cotton markets are moving this morning as March cotton is up 1.17 cents, pushing at one point above 81 cents. This market is showing no signs of… Read more.
Good morning friends Just wanted to give everyone an update on cotton. March futures are starting to move parabolically again as we test 78 cents this morning. Producers with production unsold that is waiting to be ginned should be looking at put options or some sort of hedge at these price levels. At current prices… Read more.
Good morning friends The holidays are officially upon us as we enter the last full week of trading for the year. CBOT markets are in the green to start the week while cotton is slightly in the red as I write this article. March corn is up about a penny after trading… Read more.
Good afternoon friends! Corn (Z17) 342’2 -1’2 Soybeans (F18) 974’4 -12’6 Chi Wheat (Z17) 424’0 -7’4 KC Wheat (Z18) 428’0 -5’2 Cotton (Z17) 68.96 -.09 Markets were softer at the CBOT as we start the week, led by wheat which has shed most of Friday’s gains trading back in familiar territory below 430 in… Read more.