December saw an across the board price rally. A lot of factors came into play this month and the rally felt overdone many times, but nevertheless, it continued. There were arguments to be made on the fundamental and technical side that support the rally, but the macro picture is certainly Read more…
If you’re looking to the news to forecast prices, you’re a day late. The real news of tomorrow is found by looking at what the futures market is giving you.
Lately we’ve had some choppy trade in the Ag markets. Fundamentals seem to point lower, technicals seem to point higher, demand is sometimes robust and other times questionable, supply is ample, but the trade war looms over all. The market forecast is cloudy at best. But through it all, we Read more…
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 at the money Soybeans trading 21%, 840 straddle trading 24 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¢ decline. Corn is up today after a couple of steady 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 13. If it manages to break that, a test of 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 lows from Sunday night, and beans finishing positive on the day, 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 last week, yet the COT report didn’t reflect that. It 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 as we saw corn rally 14¢ last week and soybeans Read more…