- Turner’s Take Podcast: January 23, 2019 | Total Factor Productivity
Informa came out with estimated acres and pegged soybeans at 86.2mm and corn at 91.5mm. Based on the conversations I've had with farmers since the new...
- Wheat- Buy 2% breaks?
Wheat looks really good slightly higher, NASD Olive sell look, Palladium T# TOP?
- 200-Day Moving Average Remains Critical In Both S&P 500 & NASDAQ 100
Commodities have a well-deserved reputation of being far more volatile than the stock market. We are mainly commodity traders which means we are accustomed...
- Grains Report 01/23/19
DJ USDA Grain Inspections for Export in Metric Tons – Jan 22 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
- Morning Grain Market Research
Well, this is getting us nowhere. After news broke yesterday that the United States had spurned an offer for two Chinese vice-ministers to fly in early...
Futures Market News and Commentary
Soybean futures are showing gains of 3 to 4 1/2 cents in most contracts on Wednesday, after rumors of cancelled prep talks with China were denied. Meal futures are up 40 cents/ton, with soy oil 22 point higher. Analysts with Informa expect 2019 soybean planted acreage to drop to 86.2 million acres, down 2.9 million from last year. Dr. Michael Cordonnier trimmed his Brazil production estimate by 1 MMT to 115 MMT. A Reuters survey of analysts shows an expected 117 MMT in soybean production.Mar 19 Soybeans are at $9.13 1/2, up 4 1/4 cents,May 19 Soybeans are at $9.27 1/4, up 4 1/2 cents,Jul 19 Soybeans are at $9.40 1/4, up 4 1/2 cents,Aug 19 Soybeans are at $9.44 1/4, up 3 1/4 cents,Mar 19 Soybean Meal is at $313.40, up $0.40Mar 19 Soybean Oil is at $29.28, up $0.22--provided by Brugler Marketing & Management
Corn futures are steady to fractionally higher in most contracts at midday. The weekly EIA report showing ethanol production and stocks is delayed until Thursday due to Monday’s holiday. Informa estimates 2019 US planted corn acreage at 91.5 million acres, which is nearly 2.4 million larger than the previous year. Chinese corn imports during December totaled 420,000 MT, while sorghum imports were tallied at 0. Taiwan purchased 65,000 MT of corn on Wednesday, with the origin likely Argentina.Mar 19 Corn is at $3.79, unch,May 19 Corn is at $3.87 1/4, unch ,Jul 19 Corn is at $3.95, unch ,Sep 19 Corn is at $3.97 1/2, up 1/2 cent--provided by Brugler Marketing & Management
Wheat futures are mostly steady to 3 cents higher on Wednesday. Informa left their winter wheat planted acreage estimate at 31.513 million acres, with other spring wheat projected at 13.78 million acres. Japan is tendering for 102,057 MT of wheat from the US, Canada, and Australia, with the tender to close on Thursday and 53,195 MT sought from the US. Turkey is also seeking 300,000 MT of wheat, with the tender closing on Jan 30. Mar 19 CBOT Wheat is at $5.24, up 2 3/4 cents,Mar 19 KCBT Wheat is at $5.12 1/2, up 2 3/4 cents,Mar 19 MGEX Wheat is at $5.74, up 2 cents--provided by Brugler Marketing & Management