- 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
Wheat futures are mostly 2 to 5 cents higher on Monday. The weekly Export Inspections report indicated that 409,592 MT of wheat was shipped in the week that ended 9/20. That 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. Spec funds in Chicago wheat futures and options flipped 19,794 contracts to a net short position of -1,379 contracts as of Tuesday. Their net position in KC futures and options was still long 37,084 contracts, but 6,455 fewer than the week prior.DEC 18 CBOT Wheat is at $5.26 3/4, up 5 cents,DEC 18 KCBT Wheat is at $5.29, up 3 3/4 cents,DEC 18 MGEX Wheat is at $5.85 1/4, up 2 3/4 cents
Soybean futures are currently 4 to 5 cents in the red. Soybean meal is down $1.30/ton, while soy oil is up 39 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 this morning. A survey of analysts shows expectations for soybean harvest in this afternoon’s Crop Progress report around 12-13% complete. The 7-day QPF shows rain for most of the Corn Belt over the next week, with higher amounts as you move Eastward. Export inspections of just 693,890 MT were reported by the USDA for the week ending 9/20. That was down 11.75% from the previous week and 33.07% lower than this time in 2017. Spec traders in soybean futures and options added 1,544 contracts to their largest reported net short position since January 23 at 69,813 contracts.NOV 18 Soybeans are at $8.42 1/4, down 5 cents,JAN 19 Soybeans are at $8.56 1/2, down 4 3/4 cents,MAR 19 Soybeans are at $8.69 3/4, down 4 1/2 cents,MAY 19 Soybeans are at $8.83, down 4 1/2 cents,OCT 18 Soybean Meal is at $304.60, down $1.30,OCT 18 Soybean Oil is at $28.48, up $0.39
Corn futures are trading 1 to 2 1/2 cents higher in most contracts at midday. The Monday morning 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 will update the Crop Progress report this afternoon, with corn harvest expected around 15-16% complete. The Friday afternoon Commitment of Traders report indicated that money managers in corn futures and options added 77,806 contracts to their net short position as of last Tuesday. That net position was at -141,276 contracts on that date.DEC 18 Corn is at $3.59 3/4, up 2 1/2 cents,MAR 19 Corn is at $3.71 3/4, up 2 1/2 cents,MAY 19 Corn is at $3.79 1/4, up 2 centsJUL 19 Corn is at $3.85, up 1 3/4 cents