Category: Uncategorized
Friday 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
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
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
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
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
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
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
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
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
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 […]