Category: Uncategorized

Friday January 15, 2021

January 15, 2021

Beans and corn finding some selling this morning after another incredible week for both Wheat saw some strength on the overnight as Russia decided to go forward with the increased export tariff but that strength has faded through the morning  NOPA crush numbers came in yesterday for December at 185.2 million bu – only slightly […]

Thursday January 14, 2021

January 14, 2021

Mostly higher this morning with corn just sitting around unchanged  Milked just about all the gains we could have from the USDA reminder of the tight stocks in the U.S. as the market begins to turn to the next story Watching late Jan – early Feb South American weather  Waiting on Russia’s decision on increasing the […]

Wednesday January 13, 2021

January 13, 2021

First time in my career I got to experience a limit up day and I hope not the last Very positive reaction to the USDA yesterday after the report came in nearly right on expectations  Seeing a more subdued day today with a little profit taking and buyers catching their breath Corn  We saw a […]

Monday January 1, 2021

January 11, 2021

Markets opening lower this morning as we head into the January USDA report tomorrow USDA will be out tomorrow at noon with final production numbers for 2020 crop season Expecting to see tight carryout numbers  Argentine government lifted restriction on corn exports that had been put on December 30 Mexico – who was the number […]

Friday January 8, 2021

January 8, 2021

Mixed open this morning Markets awaiting a USDA that will hopefully confirm good reason for this rally – expected to see a further tightening of ending stocks for both corn and soybeans  Flash sale to China of American soybeans reported this morning – first flash sale knowingly to China (not “unknown) since November 6 and the […]

Thursday January 7, 2021

January 7, 2021

Markets opening in the red this morning  There is no way for the market to ignore the disappointment in the export sales, as well as seeing “rain” and “Argentina” in the same sentence  Better chances of rain in Argentina appearing on the radar this morning  January USDA report out Tuesday Average estimates expecting to see […]

Monday January 4, 2020

January 4, 2021

CBOT began pushing higher Sunday after weekend weather in South America sparked some concern  Brazil received less rain fall than expected and Argentina and Southern Brazil remained as expected, dry with high temps through both countries  Growing demand with tight stocks is motivation for the CBOT to try to find a value that would cause […]

Monday December 21, 2020

December 21, 2020

Mixed this morning after testing higher overnight New stran of the coronavirus has been detected in the U.K.  Any new unknown related to this pandemic causes nerves in the marketplace  China resumed state corn sales last week  IKAR cut their estimates for 2020/21 Russian wheat exports from 40 MMT to 37.5 MMT due to the tariffs that […]

Friday December 18, 2020

December 18, 2020

Markets ending the week on an uptick  Soybeans started swinging higher yesterday and are carrying through gains today  Palm oil futures soared to a decade high price  Continued dryness in Argentina with 13.6 million acres still left to plant as the Argentine farmer only has about 3 weeks left to plant (Jan 10 is roughly […]

Thursday December 17, 2020

December 17, 2020

Markets open mostly in the green today  Argentine port union strikes expected to last into next week causing losses of $100 million a day with a total of 130 ships waiting to load 4.5 million MT of product including grains and oil seeds Brazil continues to see beneficial rains as well as a promising forecast […]