Recent Feed Grains Analysis
Summer Weather?
Everyone wants to know what the U.S. growing season will be like in 2018. Analysts with a bearish bent are projecting record corn and soybean yields before the crops have been planted. Those with a bullish bent are saying severe weather and yield problems aren’t needed to reduce ending su...
Market Commentary
Markets were lower overnight, and that trend continued into the day session. One word that described today’s market action was weather, which is looking much better across the U.S. than a week ago. It will be warmer and drier, and that means farmers will get the planters rolling. A later...
Summary of Futures
Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights. ...
Closing Futures Prices
WPI provides a summary of the week’s futures price activity and the gains/losses experienced by grain, oilseed, and livestock markets. Additionally, today’s data from the CFTC points to changing views among managed money funds. Meanwhile, commercial traders’ positions are evol...
Indian Subcontinent Regional Analysis
Soymeal Exports Trending Lower For FY 2017/18 (April-March), India’s soymeal exports totaled 1.156 MMT, up from 0.916 MMT the previous year. However, they were lower in the first six months at 0.666 MMT versus 0.840 MMT during the same period of FY 2016/17. After peaking at 0.207 MMT in N...
Market Commentary
In terms of market-moving news, the last several days have been something of a desert. The unlikelihood that the forecast weekend rains will provide much relief for the Plains and NOAA’s outlook that dryness will continue into May are supporting KC HRW futures but little else. This was th...
More Tales from Export Sales
Insofar as cash and futures markets for grain and the soy complex are concerned, the impacts of U.S. trade policy issues are ultimately measured by the volumes of export sales and shipments. The fact that such issues currently involve China, Mexico and Canada ensures that whatever happens in th...
Summary of Futures
Changes in Commodity Analytics’ short-term technical indicators for grain futures should be carefully examined against long-term signals. Elsewhere, livestock futures (live cattle, feeder cattle, and lean hogs) are showing technical signals that may influence how traders should manage the...
Closing Futures Prices
Today’s closing prices for corn, wheat, soybeans, cattle, and hog futures are shown along with USDA’s Export Sales results. Analysis of the latter shows interesting trends in corn and soybean exports, and it also provides insights into YTD bookings for wheat, barley, soymeal and soy...
Closing Bell Wrap-Up
Thursday trading was low and slow in the corn and soybean markets while wheat was higher on the back of continued dryness for the Plains. The Export Sales report did little to support the grains markets and should have been bearish wheat, had traders been paying attention to demand rather than...
Export Sales
U.S. corn exports deviation from historic patterns has implications for what exports will be in the rest of the marketing year. Analysis of unshipped corn sales, combined with the U.S.’ current share of global exports, points to an interesting road ahead. Moreover, U.S. wheat, soybean, an...
Black Sea Regional Analysis
Russian Grain Markets: 9-13 April 2018 The key factor influencing the Russian grain markets was the U.S. introduction of new sanctions on 6 April, which caused the ruble rate to drop significantly. Sellers immediately raised their offer prices, and bid prices also grew but at a slower rate. The...
Summer Weather?
Everyone wants to know what the U.S. growing season will be like in 2018. Analysts with a bearish bent are projecting record corn and soybean yields before the crops have been planted. Those with a bullish bent are saying severe weather and yield problems aren’t needed to reduce ending su...
Market Commentary
Markets were lower overnight, and that trend continued into the day session. One word that described today’s market action was weather, which is looking much better across the U.S. than a week ago. It will be warmer and drier, and that means farmers will get the planters rolling. A later...
Summary of Futures
Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights. ...
Closing Futures Prices
WPI provides a summary of the week’s futures price activity and the gains/losses experienced by grain, oilseed, and livestock markets. Additionally, today’s data from the CFTC points to changing views among managed money funds. Meanwhile, commercial traders’ positions are evol...
Indian Subcontinent Regional Analysis
Soymeal Exports Trending Lower For FY 2017/18 (April-March), India’s soymeal exports totaled 1.156 MMT, up from 0.916 MMT the previous year. However, they were lower in the first six months at 0.666 MMT versus 0.840 MMT during the same period of FY 2016/17. After peaking at 0.207 MMT in N...
Market Commentary
In terms of market-moving news, the last several days have been something of a desert. The unlikelihood that the forecast weekend rains will provide much relief for the Plains and NOAA’s outlook that dryness will continue into May are supporting KC HRW futures but little else. This was th...
More Tales from Export Sales
Insofar as cash and futures markets for grain and the soy complex are concerned, the impacts of U.S. trade policy issues are ultimately measured by the volumes of export sales and shipments. The fact that such issues currently involve China, Mexico and Canada ensures that whatever happens in th...
Summary of Futures
Changes in Commodity Analytics’ short-term technical indicators for grain futures should be carefully examined against long-term signals. Elsewhere, livestock futures (live cattle, feeder cattle, and lean hogs) are showing technical signals that may influence how traders should manage the...
Closing Futures Prices
Today’s closing prices for corn, wheat, soybeans, cattle, and hog futures are shown along with USDA’s Export Sales results. Analysis of the latter shows interesting trends in corn and soybean exports, and it also provides insights into YTD bookings for wheat, barley, soymeal and soy...
Closing Bell Wrap-Up
Thursday trading was low and slow in the corn and soybean markets while wheat was higher on the back of continued dryness for the Plains. The Export Sales report did little to support the grains markets and should have been bearish wheat, had traders been paying attention to demand rather than...
Export Sales
U.S. corn exports deviation from historic patterns has implications for what exports will be in the rest of the marketing year. Analysis of unshipped corn sales, combined with the U.S.’ current share of global exports, points to an interesting road ahead. Moreover, U.S. wheat, soybean, an...
Black Sea Regional Analysis
Russian Grain Markets: 9-13 April 2018 The key factor influencing the Russian grain markets was the U.S. introduction of new sanctions on 6 April, which caused the ruble rate to drop significantly. Sellers immediately raised their offer prices, and bid prices also grew but at a slower rate. The...