- Soybean Commentary - Just My Opinion
Dead Cat Bounce?!?!
- Morning Grains Report 03/20/18
DJ USDA Grain Inspections for Export in Metric Tons – Mar 19 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION. INFORMATION CONTAINED...
- Morning Grain Market Research
I have a sneaky suspicion that bean oil was the tattler as it was the only kid in the grain and soy yard that was not taken back behind the woodshed for...
- Daily Technical Spotlight - May Corn
Serious chart damage inflicted to suggest near-term top is in place and that more downside pressure is coming.
- [Video] Quick Profile Scanner Review, Bears Still leading, 3/20/18
Today’s MDA Update: Published 3/20/18 9:15 am central: Traders, Below you will find a quick video highlighting the Bull and Bear scanner update that...
- Spring has Sprung! The Corn & Ethanol Report 03/20/18
Although temperature wise it does not feel like spring on the calendar is. Today we have reports on Milk Production at 2:00 P.M. and API Energy Stocks...
Brugler reportGet the Newsletter
Soybean futures are mostly 4 to 7 cents higher on Tuesday, after Monday’s sharp losses. Front Month soy meal is up $3.50/ton, with May soy oil down 31 points. US soybean acreage is expected to be reported at 90.5 million acres next Thursday according to a private estimate. That would be slightly higher than the USDA Forum at 90 million acres. DTN reported the national average cash price at $9.44 1/2 on Monday afternoon, 23 1/4 cents higher than a year ago. That would make the national average basis -78 cents, just 1/4 cents stronger than last year. Dr. Michael Cordonnier updated his Argentina soybean production estimate to 42 MMT, down 1 MMT from the previous projection. He also expects the Brazilian crop up 1 MMT at 115 MMT.May 18 Soybeans are at $10.29 1/4, up 6 3/4 cents,Jul 18 Soybeans are at $10.39 3/4, up 6 1/4 cents,Aug 18 Soybeans are at $10.40 3/4, up 5 1/2 cents,Sep 18 Soybeans are at $10.29 3/4, up 4 cents,May 18 Soybean Meal is at $362.10, up $3.50May 18 Soybean Oil is at $31.75, down $0.31
Corn futures are showing just fractional gains at midday, following yesterday’s losses. A private export sale of 110,000 MT of corn was reported to Peru for 17/18 delivery by the USDA this morning. The weekly EIA report will be released on Wednesday morning. A private firm estimates that next week’s USDA Planting Intentions report will show 89 million acres of corn, down from the USDA Ag Forum’s 90 million acres. As of Monday evening, the national average cash price was reported at $3.38 according to DTN, 14 3/4 cents above last year. That puts the national average basis at -37 cents, 3 1/4 cents stronger than this time last year.May 18 Corn is at $3.75 1/2, up 1/2 cent,Jul 18 Corn is at $3.83 3/4, up 1/2 cent,Sep 18 Corn is at $3.90 1/2, up 1/2 centDec 18 Corn is at $3.98, up 1/2 cent
Wheat futures are trying to squeeze out a Turnaround Tuesday, with most CBT contracts 3 to 6 cents higher. MPLS and KC are 1 to 2 cents in the green at midday. State condition reports showed improvement in OK ratings by 4 points to 212 on the Brugler500, with the gd/ex rating down 2% to 5%. For the week that ended on Sunday, TX lost 16 points to 215, with 10% of the crop now rated gd/ex. KS was shown deteriorating 3 points to 240 with a gd/ex rating of 11%. However, conditions have likely improved in parts of KS since the rating were submitted. Russia exported 2.475 MMT of wheat during January according to customs data. That was 27.67% larger than the same month in 2017.May 18 CBOT Wheat is at $4.56 1/2, up 5 3/4 cents,May 18 KCBT Wheat is at $4.72, up 1 3/4 cents,May 18 MGEX Wheat is at $5.97 3/4, up 1 1/4 cents