What is next for corn, soybeans, and wheat?
This week, we look at the spreading Coronavirus and its impact on markets, as well as the ongoing rally in corn.
Bulls gain some momentum by pushing prices above strong resistance. Follow through buying Friday or Monday would suggest a price uptrend can be sustained.
Finally a trade deal with China has been signed and...
Mar 20 sugar futures follow through yesterdays negative reversal amid crashing oil prices and Coronavirus precautions. Yesterdays prices poked higher before reversing down closing negative which is a bearish...
We Kickoff the Spring Festive Eve for China today and the Chinese New Year with festivities canceled due to this killer virus. In our U.S. [...]
Buy corn and beans, sell wheat?
There's a report due out this morning, and here's what our team is watching for...
Markets Hope for Demand Revival
New crop corn is $4.00. If we have 96mm acres and a trend line yield the Dec20/July21 carry will be 30 cents. $4.30 new crop sales are possible.
Prices Firm, Potential Bullish Case to be Made
Hogs strong, Cattle flops
Interim Buy Signal Registered on Thursday
March 2020 Corn futures are trading up 4 cents as of writing this report, poking through the key 392.25 prior highs of January (and the resistance found from the high of the November WASDE report).
DJ Analysts’ Estimates for January USDA Cattle-On-Feed Report The following estimates, as compiled by The Wall Street Journal for the nation’s feedyards with a [...]
Mar 20 soybean prices continue to descend further since the new year highs. There was so much hope for Chinese purchases when looking forwards to a signed trade deal agreement, and a lot of premium pumped...
Excellent chart structure
We kickoff the day with Jobless Claims at 7:30 A.M., CB Leading Index MoM at 9:00 A.M., EIA Gas Storage at 9:30 A.M., EIA Energy [...]
Financials: Mar. Bonds are currently 0’17 higher at 159’11, 10 Yr. Notes 0’05 higher at 129’22.5 and 5 Yr. Notes 0’02.25 higher at 119’06.00. These [...]