- MARKET UPDATE - GRAINS, MEATS, SOFTS
BARE LANDSCAPE. The landscape remains bare when it comes to trade setups. I cant recall the last time there was such alack of........
- Morning Grain Market Research
It seems that the majority of the discussion this morning centers on tariffs and trade wars, which is understandable as the next round, 10% on $200 billion...
- Monday Market Moods - Soybeans
Monday Market Moods - Soybeans
- Morning Grain Report 09/24/18
DJ Summary For September USDA Monthly Cattle On Feed Data Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00...
- Daily Technical Spotlight - March Corn
Friday's bullish weekly high close and recent rebound suggest a market bottom is in place. But bulls need to show more power this week to suggest a...
- The Trading Pendulum Continues to Swing. The Corn & Ethanol Report 09/24/18
It seems this game of chicken finally made Chins blink. Taking ads in the Des Moines Register attempting to sway voters losing large Soybean exports [...]...
cmdty Insider - Ag Market Commentary
Soybean futures ended the Monday session with most contracts 5 to 6 1/4 cents lower. Nearby soy meal was down $1.20/ton, while soy oil was up 17 points. USDA reported a private export sale of 162,000 MT of soybeans to unknown destinations for 18/19 delivery through their daily reporting system. The 7-day QPF shows rain for most of the Corn Belt over the next week, threatening to slow harvest. Higher amounts are shown as you move Eastward. As of Sunday, USDA reported that 71% of the US soybean crop had leaves dropping (avg. 57%), with harvest 14% complete (avg. 8%). Condition ratings were up 1% to 68% gd/ex, with the Brugler500 two points higher at 374. Export inspections of just 693,890 MT were reported by the USDA for the week ending 9/20 this morning. That was down 11.75% from the previous week and 33.07% lower than this time in 2017.NOV 18 Soybeans closed at $8.41, down 6 1/4 cents,JAN 19 Soybeans closed at $8.55 1/4, down 6 cents,MAR 19 Soybeans closed at $8.68 1/2, down 5 3/4 cents,MAY 19 Soybeans closed at $8.82, down 5 1/2 cents,OCT 18 Soybean Meal closed at $304.70, down $1.20,OCT 18 Soybean Oil closed at $28.26, up $0.17
Corn futures saw 2 to 3 1/4 cent gains in most front months on Monday. This morning’s Export Inspections report from the USDA showed 1.263 MMT in corn shipments during the week of September 20. That was up 21.95% from the week prior and 61.97% larger than the same time last year. NASS indicated that 72% of the US corn crop was mature as of 9/23 (avg. 53%), with harvest listed as 16% complete (avg. 11%). Condition ratings improved 1% in the gd/ex categories to 69%, moving the Brugler500 index 2 points higher to 375.DEC 18 Corn closed at $3.60 1/2, up 3 1/4 cents,MAR 19 Corn closed at $3.72 1/2, up 3 1/4 cents,MAY 19 Corn closed at $3.80 1/4, up 3 centsJUL 19 Corn closed at $3.85 3/4, up 2 1/2 cents
Wheat futures closed the day with most MPLS contracts steady to 2 cents higher. CBT and KC contracts were 3 to 5 1/4 cents in the green on the Monday session. The weekly Export Inspections report indicated that 409,592 MT of wheat was shipped in the week that ended 9/20. That was just slightly lower than the previous week but still lagging this week last year by 18.53%. Through the first 3 1/2 months of the 18/19 MY, wheat exports have totaled just 6.525 MT (240 mbu), 29.31% behind last year. As of September 23, NASS showed that 28% of the US winter wheat crop had been planted, creeping past the average of 26%.DEC 18 CBOT Wheat closed at $5.27, up 5 1/4 cents,DEC 18 KCBT Wheat closed at $5.29, up 3 3/4 cents,DEC 18 MGEX Wheat closed at $5.84 1/4, up 1 3/4 cents