Debates over the yields are raging right now, but does it really matter? Of course it will matter when it all gets sorted out, but it may not help as much as you’d expect in the short term. The markets always revert back to their fundamental value, but we all Read more…
Over the past 3 weeks the Corn market has been a little bit volatile. This isn’t the rip your face of double limit up volatility of years past, but volatility in the new sense, the new normal…for now. We’ve seen 2 USDA reports try to push this market lower, only 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…