There seems to be tons of information out already about the large crop. Could we be surprised with this number? We doubt it, yet front month vol is quite high given all the knowns that are already out there. Oct Read more…
The last trading day in Aug is upon on and we are seeing soybeans bounce after coming within 2 cents of the mid-July double bottom. This could be the beginning of a turnaround, or just some month-end profit taking after a 70¢ Read more…
Finishing up the growing season and heading into harvest, the path of least resistance looks to be to the downside for Corn, Beans and Wheat. Corn looks to want to test its recent low in Dec of 366 from Aug Read more…
It’s more appropriate to call the USDA report non-bullish than bearish. Everyone knew the crop would be huge, that was no real surprise. Still, the market broke aggressively. Where does that leave us? With Beans and Corn holding the overnight Read more…
Last week we saw the Corn market rally 7 3/4¢ and the Soybean market up 10 3/4¢. Not a huge move, but definitely a continuation of the grind higher. Many “analysts” estimated funds buying futures (covering their shorts) every day Read more…
The COT report is projected to show the first major fund net purchases in Corn and Soybeans since early May. The numbers will be released later this week but will report on positions as of July 24. This tends to make sense Read more…
Corn has been something of an interesting trade as of late. Prices have been fairly volatile but within a pretty defined wider range. We could roughly call this range 365-410 with reference to July prices. Looking back even farther, last Read more…
One of the most interesting things that needs to be addressed is the crop conditions reports. Despite getting weekly good/excellent ratings consistently below last year in corn, the USDA is currently forecasting a new record yield. Why? I don’t think Read more…
The USDA on Thursday reported an average corn yield of 175.4 bushels per acre, up 3.6 bpa from last month and up .8 bpa from last year’s previous record yield. This left a lot of traders and farmers confused as Read more…