The relationship between the soy products could be the most important of the next six to twelve months. The next market moving issue could be related to Trumps deadline of the 15th.
Front month bean futures closed the report day with 2 1/4 to 3 cent gains. Jan Futures have shown a green candle for the 6th straight day. Soybean meal futures gained 10 cents per ton, while soybean oil...
The wheat market was up 1 to 5 cents, with KC HRW the firmest. The WASDE Report showed a decrease of 40 mbu to U.S. wheat carryover. The adjustment came from a decrease to imports vs. November, as well...
Corn futures reacted to the reports as expected, which is to say not at all. The WASDE showed projected ending stocks for the U.S. were unchanged at 1.91 bbu. Likewise, Argentine corn production was steady...
Four Longs To Consider
Ho hum...markets continue trading ranges
Still Stuck!!!
Corn futures reacted to the reports as expected, which is to say not at all. The WASDE showed projected ending stocks for the U.S. were unchanged at 1.91 bbu. Brazil Production was estimated at 101 MMT,...
The wheat market is showing a little life, with the actively traded (non-December) futures up 3 to 6 cents. The WASDE Report showed a decrease of 40 mbu to U.S. wheat carryover. The adjustment came from...
Front month bean futures are up by 1 cent following the release of USDA reports. Soybean meal futures are unchanged, while soybean oil futures are up 18 points. Estimates ahead of the WASDE report indicated...
Downside limited
WASDE REPORT FOR 12/10/19
We started the day with NFIB Business Optimism Index at 5:00 A.M. that came out at 104.7 versus the previous 102.4 and the street looking [...]
Markets change direction quickly when......
Trade Negotiations Progress as Deadlines Quickly Approach
The corn market traded fractionally lower overnight. Corn futures finished Monday 3/4 to 1 1/4 cents lower. After the close, the USDA released the final crop progress report for the 2019 season, indicating...
Wheat is UNCH to 2 cents lower this morning ahead of the monthly USDA supply/demand report. On Monday, the winter wheats finished mostly lower, while MGE HRS wheat was 1 to 1 1/2 cents higher on the day....
Soybeans start off this report day 1 to 2 cents per bushel higher. Front month bean futures finished Monday with gains from 7 1/4 to 8 cents. Soybean meal futures were 70 cents/ton lower at the close....
grain markets flat ahead of USDA data due out at 11 AM CT. Cattle fundamentals supportive, but built in to last price rally
There's a USDA Report being released later today. Here's what our team will be watching for: