Soybean Meal
Theoretical Positions End-Users Would still be long the cash market. No additional purchases should be made given the market looks to have rolled over into a downtrend (see below). Investors [...]
Theoretical Positions End-Users Would still be long the cash market. No additional purchases should be made given the market looks to have rolled over into a downtrend (see below). Investors [...]
Theoretical Positions Hedgers: Remaining 2026 production could’ve been sold near the recent weekly close of 86.33 based on both trend and seasonal analysis (see below). Investors could’ve sold the December [...]
Theoretical Positions Producers Cash sales were made during the previous uptrend due to high price distribution Based on seasonal, price distribution, volatility, and long-term technical analysis: December $5.00 calls could’ve [...]
Theoretical Positions End Users Cash needs for the 2026-2027 marketing year (September 2026 through August 2027) might’ve been covered when the National Corn Index posted a new 4-week high weekly [...]
Corn national average basis firmed last week but remains weak. Last week’s calculation came in at 39.0 cents under December futures (solid green line). as compared to the previous week’s [...]
The soybean national average basis market weakened last week but remains neutral. Last week’s calculation came in at 60.0 cents under the November contract (solid green line) as compared to [...]
The HRW wheat national average basis market remains neutral-to-weak. Last week’s calculation came in at 64.75 cents under December futures (solid green line) as compared to the previous week’s 65.5 [...]
SRW wheat national average basis remains neutral-to-weak. Last week’s calculation came in at 67.75 cents under December futures (solid green line) as compared to the previous week’s 68.25 cents under [...]
The HRS wheat basis market is neutral-to-weak but continues to see its seasonal firming. Last week’s calculation came in near 48.75 cents under December futures (solid green line) as compared [...]
The Live Cattle national average basis market is mixed with short-term strong and longer-term neutral. Light cash trade in the south was reported Friday afternoon at $228, up $2 from [...]
Net Positions as of Tuesday, October 13 (Legacy, Futures Only) Corn: Net-long 358,367 contracts (a decrease of 94,106 contracts) (See Chart, Slide 2) HRW Wheat: Net-long 9,801 contracts (a decrease [...]
Afternoon Summary: With closing bells ringing out across the market landscape, we are reminded once again of the combined effect of the Goldilocks Principle[i] and the Wilhelmi Element[ii] telling us [...]
Week 7 of the 26-week (6-month) tracking period for the 2027 edition of the November soybean/December corn futures spread is in the books. Those of you who have been with [...]
We are now three weekly closes into October 2026, or 60% through the calculation of fall US government insurance prices for corn and soybeans. As of the close Friday, October [...]
This past Wednesday, one of my Charts of the Day discussed possible reownership strategies using the July Soybean futures contract. At the time, I didn't see anything I liked. As [...]
USDA announced export sales Friday morning: 127,000 mt of 2026-27 corn to Japan 558,000 mt of 2026-27 soybeans to China 236,000 mt of 2026-27 soybeans to unknown destinations Also, the [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. Corn at 345 mb (blue column) through Thursday, October 08, a point in the [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. soybeans at 187 mb (blue column) through Thursday, October 08, a point in the [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. soybean meal at 391.70 (1,000 st) (blue column) through Thursday, October 08, a point [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. soybean oil at 2.3 (1,000 mt) (blue column) through Thursday, October 08, a point [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. upland cotton at 1,669.2 (1,000 running bales) (blue column) through Thursday, October 08, a [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. sorghum at 1 mb (blue column) through Thursday, October 08, a point in the [...]
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of all U.S. Wheat at 263 mb (blue column) through Thursday, October 08, a point in [...]
The latest weekly export sales and shipment update showed 2026 calendar-year export shipments of U.S. beef at 510.7 1,000 MT (blue column) through Thursday, October 08, a point in the [...]