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PODCAST | The USDA released their April WASDE yesterday and we dive right in during the podcast. We think the biggest takeaway was what the USDA had to say about 2018/19 new crop corn exports. The Ag Forum had 2019/19 corn exports at 1.9 billion bushels. I think we could see 2.1 to 2.2 billion in… 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.
With US scheduled data into the end of March/end of quarter coming in positive and the trade facing the March nonfarm payroll report at the end of this week, it is possible that US economic expectations will be improved and markets like Treasuries, equities, copper, silver, platinum and palladium will resume the trends in place from the end of February. However, physical commodities…
Following turbulent trading last Wednesday and Thursday, global markets were showing some signs of stability ahead of the weekend. While the announcement of US tariffs on Chinese goods have led to a flare-up of trade friction and dampened risk appetites, there is some potential for tensions to cool down, as businesses will have a chance to discuss many of the tariffs with the US government before they go into effect.
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.
NEW PODCAST | On this weeks podcast we talk about why HRW wheat is leading the market higher, why we think corn is still a range bound market, and why we think soybeans can trade in a $4.00 range in 2018. I also go over why we are bullish wheat in the long term (it… 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.
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