Its ‘A Mental’ Thing
Afternoon Summary: Similar to the past two months (September and October), the November USDA Keno Game (aka monthly WASDE report) was a clear example of the difference between “Funds” and [...]
WASDE: November 2026
The November Keno Numbers (WASDE) numbers have been released. Markets Dec26 corn jumped as much as 12.25 cents (slide 2) Trade volume of 17,000 Jan27 soybeans jumped as much 36.25 [...]
Export Sales Announcement
USDA announced export sales Tuesday morning: 312,700 mt of 2026-27 corn to Mexico 150,000 mt of 2026-27 soybeans to Mexico
It’s Keno Time Again
Morning Summary: It’s hard to believe a week ago today the US was facing the uncertainty of a mid-term election, though the Energies sector tipped the hand of the expected [...]
“Washington Restraint”
Afternoon Summary: Let’s try to make some sense of Monday’s session. To begin with, US stock indexes posted strong rallies with the Dow Jones Industrial Average up 1,081 points (2.1%), [...]
December 2026 Corn Daily
The Dec26 Corn contract could get more interesting this week. While usually a quiet time of year, and keeping in mind Tuesday will see the release of the next potential [...]
Export Sales Announcement
USDA announced sales of 110,000 mt of 2026-27 corn to Mexico.
Meet the Press (Secretary)
Morning Summary: If there has been a weekend when I was tempted to watch a Sunday morning political television show[i] like Face the Nation of Meet the Press[ii], it would’ve [...]
Diesel Fuel
Theoretical Positions End-Users may have gone long the futures market last winter near $2.2180. Investors may have also gone long near $2.2180. Fundamentally, diesel fuel remains bullish (see below). Investors [...]
Live Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures since mid-October 2025. Investors are likely on the sidelines at this time. Trend Analysis The December contract fell [...]
Feeder Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures. Investors could’ve established short futures positions near the previous Friday’s close of $331.775 (January) based on the bearish weekly [...]
Soybean Oil
Theoretical Positions End-Users Buying on an as-needed basis at this time. Investors Have likely moved to the sidelines until a clear trend develops. TrendAnalysis The December futures contract extended its [...]
Soybean Meal
Theoretical Positions End-Users Would still be long the cash market. No additional purchases should be made given the market is in a downtrend (see below). Coverage for the next year [...]