The corn traded both sides today. A significant positive will be if China steps in for further purchases. It is time to watch Delta weather for issues planting.
A brief overview of the daily moves in the soy market.
Still In Misery
DJ U.S. Export Sales: Weekly Sales Totals-Apr 2 For the week ended Mar 26, in thousand metric tons, except cotton in thousand running [...]
We started the day with Challenger Job cuts coming in at 222.288K versus the previous 56.66K, at 7:30 A.M. we have Export Sales, Jobless Claims [...]
Traders Hope for Strong World Demand
Mixed grains overnight look for boost from Weekly Exports
Overall weakness in corn is due to plenty of supply and increased by the failing ethanol process. The trend in corn remains lower until further notice.
The soybeans witnessed a lower trade today. The market is under pressure for a couple reasons - overall weak export demand, China, bio demand... The soy market has a lot to deal with.
Looks Like The Party May Be Over
Too many acres
From Haunted By Markets penned on...
DJ USDA Report: Summary for U.S. Quarterly Grain Stocks The following are key numbers from the USDA’s Quarterly Grain, Soybean Stockpiles and how [...]
This story is a partial of an interesting read by Rich Miller with Bloomberg. In it’s latest measure to combat economic fallout from the coronavirus [...]
Will the USDA report take us to new lows?
Farmers Plan Huge Corn Crop Despite Lower Ethanol Demand
Grain markets ease overnight . . .
The problem for corn at present is the acreage at 96.99 mil acres. This is approx 2.5 million acres larger than the estimates. This is a figure, that if realized, is large given the global supply, Covid...
The bean oil market has moved to a much lower relative price than the meal market. The soymeal has been supported by the ddg market slow down due to bio fuel. In addition, concerns over Argentina not crushing...