What a Week
Session Summary: This was quite a week. Five trading days that proved, above anything else, fundamentals still rule the roost in commodities. Of course when I talk about fundamentals I mean the real version, meaning those that track what basis [...]
US Drought Monitor
The latest US drought monitor maps were released Thursday, conditions recorded this past Tuesday, with little change seen in the readings. Everything west of the Missouri River is generally in some degree of drought, while most areas east of the [...]
More of the Same
Morning Summary: It’s as if Thursday’s session never closed, but simply took a break for dinner and celebrating before starting the party up again that has now lasted into Friday morning. The US dollar continues to strengthen, hitting a new [...]
A Lot to Think About
Session Summary: Thursday was one of those days when you have to take a step back and think about what markets are trying to say. Starting with the US dollar, the index rocketed to a high of 97.29, its highest [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. corn at 724.3 mb (blue column) through Thursday, January 20, a point in the marketing year when a 4-year average of 29% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybeans at 1.287 bb (blue column) through Thursday, January 20, a point in the marketing year when a 4-year average of 57% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybean meal at 3,937 thousand metric tons (blue columns) through Thursday, January 20, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. cotton at 3.767 million bales (blue column) through Thursday, January 20, a point in the marketing year when a 4-year average of 33% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of all U.S. wheat at 443.1 mb (blue column) through Thursday, January 20, a point in the marketing year when a 4-year average of 60% of [...]
Another Day, Another Dollar
Morning Summary: The US dollar is in the spotlight again Thursday morning, with the index adding another 0.45 to Wednesday’s post-Fed Chairman Powell comments spike to 96.54. The US dollar index ($DXY) is now in position to complete a long-term [...]
Ole´, Oily, Oily, Oily
Session Summary: A look at Wednesday’s closing markets and I can’t help but imagine a raucous football (soccer) crowd singing the ubiquitous chant/song “Ole´, Ole´, Ole´, Ole´”, though in this version it comes across as “Ole´, Oily, Oily, Oily”. If [...]
December Cold Storage
USDA/NASS released its Cold Storage report for December 31, 2021 Monday afternoon. The Top 3 changes on my list this month have to be: Pork Bellies A 57% month-to-month increase and a 29% year-to-year increase, raising the question, Did the [...]
A Quiet Morning
Morning Summary: Most markets were relatively quiet overnight through early Wednesday morning, not a huge surprise given all the activity we’ve seen so far this week. The US dollar index was showing a small gain, up 0.14 and sitting at [...]
What’d I Miss?
Session Summary: I borrowed the title for this Afternoon Commentary from a song in Lin-Manuel Miranda’s Tony Award winning musical “Hamilton”. The song opens the second half of the play and introduces Thomas Jefferson, played by the incomparable Daveed Diggs [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 19,354 contracts, putting it at a total of 388,138 contracts as of Tuesday, January 18. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long soybean futures position (blue line) by 10,257 contracts, putting it at 128,015 contracts as of Tuesday, January 18. Included in this was a decrease [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders holding a net-long Chicago wheat futures position (blue line) of 4,840 contracts as of Tuesday, January 18, a switch of 6,306 contracts. Included in this was an [...]
CFTC CoT: Crude Oil
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their crude oil net-long futures position by 25,276 contracts, putting it at a total of 385,781 contracts as of Tuesday, January 18. Included in this was an [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long cotton futures position (blue line) by 1,304 contracts, putting it at 95,126 contracts as of Tuesday, January 18. Included in this was an increase [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long feeder cattle futures position (blue line) by 825 contracts, putting it at 4,978 contracts as of Tuesday, January 18. Included in this was a [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long live cattle futures position (blue line) by 1,742 contracts, putting it at 63,562 contracts as of Tuesday, January 18. Included in this was an [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long lean hog futures position (blue line) by 2,349 contracts, putting it at 48,305 contracts as of Tuesday, January 18. Included in this was a [...]
Trading Places
Session Summary: The most notable feature of Friday’s session was how some markets traded places from Thursday, most notably corn and soybeans (more on this in a bit). One thing that didn’t change was the meltdown in US stock indexes [...]
January Cattle on Feed
As I said throughout this week, the January 1 Cattle on Feed number was going to be big. USDA released its January 1 Cattle on Feed report Friday with the on-feed number coming in at 12.037 million head (mh). This [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. corn at 667.8 mb (blue column) through Thursday, January 13, a point in the marketing year when a 4-year average of 28% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybeans at 1.229 bb (blue column) through Thursday, January 13, a point in the marketing year when a 4-year average of 55% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybean meal at 3,610 thousand metric tons (blue columns) through Thursday, January 13, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. cotton at 3.565 million bales (blue column) through Thursday, January 13, a point in the marketing year when a 4-year average of 32% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of all U.S. wheat at 429.8 mb (blue column) through Thursday, January 13, a point in the marketing year when a 4-year average of 59% of [...]
A Lot of Red Early
Morning Summary: It would be easier to talk about the few markets that are in the green early Friday than list all those showing losses to start the day. Beginning with currencies, the US dollar index was under light pressure [...]
A Long Day
Session Summary: Was it just me, or did Thursday seem like a long day? I’ve been thinking it was closing time for a couple of hours, so now that the bells are ringing across the land it’s a bit anti-climactic. [...]
US Drought Monitor
The latest two-week comparison of the US government Drought Monitor maps show not much has changed with the Plains dry from the southern tip of Texas to well north into Canada. This area covers much of the HRW and HRS [...]
A Lighter Shade of Red
Morning Summary: Running the traps early Thursday morning shows a number of commodity markets were lower, but rather than invoke the “Red markets in the morning...” warning, I’ll point out most showed a lighter shade of red to start the [...]
The Play’s the Thing
Session Summary: As I mentioned in this space Tuesday, the stage was set for quite a production Wednesday, and as the day unfolded we were reminded of Hamlet’s comment, “The play’s the thing.” Markets didn’t disappoint, at least not those [...]
Not Everything Changes
Morning Summary: A number of markets changed directions overnight, erasing at least some of Tuesday’s moves. The US dollar index was slightly weaker, giving back as much as 0.18 of yesterday’s strong 0.57 rally. The flip-side, naturally, is the euro [...]
The Stage is Set
Session Summary: A number of markets posted impressive moves Tuesday, setting the stage for what could be an explosive week this week. The key is the big selloff in US stock market indexes with the Dow down 1.2%, the S&P [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, January 13 was released Tuesday morning. Corn inspections came in at 1,204,188 mt (47.4 mb), up 18% from the previous week’s 1,022,677 mt (40.3 mb). Total marketing year inspections of [...]
A Crude Way to Start the Day
Morning Summary: As we finally get a start to this week, markets will do so looking much like they did last Friday. The US dollar index firmed overnight, erasing a loss of 0.13 with a gain of as much as [...]
Quantum Leap
“Hello, it’s me. I’ve thought about us for a long, long time…” Those of you of a certain age will recognized those words as the opening line from the song “Hello, It’s Me” by Todd Rundgren from back in the [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 37,989 contracts, putting it at a total of 407,492 contracts as of Tuesday, January 11. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long soybean futures position (blue line) by 7,716 contracts, putting it at 138,272 contracts as of Tuesday, January 11. Included in this was an increase [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders holding a net-short Chicago wheat futures position (blue line) of 1,466 contracts as of Tuesday, January 11, a switch of 5,546 contracts. Included in this was a [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long cotton futures position (blue line) by 3,669 contracts, putting it at 93,822 contracts as of Tuesday, January 11. Included in this was a decrease [...]
CFTC CoT: Crude Oil
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their crude oil net-long futures position by 27,680 contracts, putting it at a total of 360,505 contracts as of Tuesday, January 11. Included in this was an [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long feeder cattle futures position (blue line) by 406 contracts, putting it at 5,803 contracts as of Tuesday, January 11. Included in this was an [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long lean hog futures position (blue line) by 5,735 contracts, putting it at 50,654 contracts as of Tuesday, January 11. Included in this was a [...]
Shaken, Not Stirred
Session Summary: As we sit back and contemplate Friday’s market activity, slowly sipping our after-hours cocktail of choice, what are the key takeaways from the day’s session? First and foremost, commercial buyers were active in nearly every commodity sector heading [...]
A Lot of Red, Part 2
Morning Summary: Thursday in this space I talked about how most markets were red following overnight selling. This morning, markets are more mixed with energies posting a solid rally and softs are higher while metals and grains and oilseeds are [...]
A Bad Day to Be an Oilseed
Session Summary: A lot of commodity markets closed lower Thursday, but other than natural gas (more on the famed Widow Maker in a bit) the hardest hit were oilseed markets. Canola was down 2.1%, soybeans dropped 1.6%, bean meal lost [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. corn at 616.7 mb (blue column) through Thursday, January 6, a point in the marketing year when a 4-year average of 27% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybeans at 1.162 bb (blue column) through Thursday, January 6, a point in the marketing year when a 4-year average of 53% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybean meal at 3,350 thousand metric tons (blue columns) through Thursday, January 6, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. cotton at 3.358 million bales (blue column) through Thursday, January 6, a point in the marketing year when a 4-year average of 30% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of all U.S. wheat at 415.5 mb (blue column) through Thursday, January 6, a point in the marketing year when a 4-year average of 58% of [...]
A Lot of Red
Morning Summary: A quick check of markets early Thursday morning shows a lot of red, starting with the US dollar index. Following Wednesday’s free fall, the greenback lost another 0.27 overnight as it hit a low of 94.71. On the [...]
Out of the Way
Session Summary: Now that the January round of USDA hubbub is out of the way, we can turn our attention back to things that really matter. The US dollar index blew through its previous 4-week low of 95.57 and key [...]
Corn Stocks-to-Use
In its January round of Supply and Demand reports, USDA increased US corn ending stocks by 47 mb to a total of 1.540 bb. This included a 53 mb increase in production (due to a 300,000 acre increase in harvested [...]
Soybean Stocks-to-Use
In its January round of Supply and Demand reports, USDA increased its 2021-2022 soybean ending stocks number by 10 mb to a total of 350 mb. This was a result of a 10 mb increase in total supplies by way [...]
Wheat Stocks-to-Use
In its January round of Supply and Demand reports, USDA raised its 2021-2022 all wheat ending stocks by 30 mb to a total of 628 mb. This was a result of a 10 mb decrees in total supplies (imports) and [...]
Meaningless
Morning Summary: The overnight session on the grain and oilseed sector before the release of USDA reports is meaningless. I could talk a great deal about how March soybeans fell as much as 6.5 cents while March corn was sitting [...]
Interesting Day
Session Summary: Tuesday afternoon found the talking heads of financial television doing an about-face from Monday, blathering on and on about how markets liked what Chairman Powell had to say at his confirmation hearing. However, he basically repeated what he [...]
US Soil Moisture
The latest two-week comparison of NWS Climate Prediction Center Soil Moisture maps, from Monday, January 3 to Monday January 10, shows us what we already know: Most of the US Plains and western Corn Belt continue to delay with soil [...]
Checking on the Barn
A look at early activity in the livestock sector shows us markets are mostly lower: Live Cattle According to one market report, Monday's slaughter was 113,000 head as compared to the previous week's 107,000 and the usual 120,000 head. There [...]
A Familiar Cliche
Morning Summary: A quick look at markets this morning and a familiar cliché comes to mind – Turnaround Tuesday. This phrase used to make my late friend Gary Wilhelmi chuckle, due to its absurdity, and it is an idea that [...]
From Boom to a One Day Bust
Session Summary: It’s always interesting how things work out. This past weekend, the cover of the most recent weekly Barron’s magazine was emblazoned with the title, “The Commodities Boom”. I know how magazines work, having written for the in-house one [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, January 6 was released Monday morning. Corn inspections came in at 1,022,677 mt (40.3 mb), up 35% from the previous week’s revised 759,563 mt (29.9 mb) Total marketing year inspections [...]
Another Quiet Night
Morning Summary: Welcome to a new week everyone. The strange thing was it was a relatively quiet Sunday night through early Monday, an oddity made more peculiar by the global headlines over the weekend. The one that jumped out at [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 12,695 contracts, putting it at a total of 445,481 contracts as of Tuesday, January 4. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long soybean futures position (blue line) by 5,271 contracts, putting it at 130,556 contracts as of Tuesday, January 4. Included in this was an increase [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders holding a net-long Chicago wheat futures position (blue line) of 4,080 contracts as of Tuesday, January 4, a decrease of 1,855 contracts. Included in this was an [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long cotton futures position (blue line) by 6,602 contracts, putting it at 97,491 contracts as of Tuesday, January 4. Included in this was an increase [...]
CFTC CoT: Crude Oil
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their crude oil net-long futures position by 5,604 contracts, putting it at a total of 332,825 contracts as of Tuesday, January 4. Included in this was a [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long feeder cattle futures position (blue line) by 5,257 contracts, putting it at 6,209 contracts as of Tuesday, January 4. Included in this was an [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long live cattle futures position (blue line) by 6,276 contracts, putting it at 71,879 contracts as of Tuesday, January 4. Included in this was an [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long lean hog futures position (blue line) by 1,350 contracts, putting it at 56,389 contracts as of Tuesday, January 4. Included in this was a [...]
Closing Time
Session Summary: As the “old” (1998) song from Semisonic told us, “Closing time, open all the doors and let you out into the world...” Yes, the final bell of the week is set to ring when US stock markets come [...]
The Weekend is in Sight
Morning Summary: We’ve reached Friday morning meaning the weekend is in sight, not only for us humans but the algorithms that do most of the trading these days. Given the wild market activity to start this month, it’s highly likely [...]
Sense and Senselessness
Session Summary: Every afternoon, I look at the markets and wonder how I’m going to explain what happened. Some days the process is easy. Other days, like today, the initial running of the traps seems to bolster the case of [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. corn at 576.9 mb (blue column) through Thursday, December 30, a point in the marketing year when a 4-year average of 26% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybeans at 1.125 bb (blue column) through Thursday, December 30, a point in the marketing year when a 4-year average of 50% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybean meal at 3,142 thousand metric tons (blue columns) through Thursday, December 30, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. cotton at 3.182 million bales (blue column) through Thursday, December 30, a point in the marketing year when a 4-year average of 29% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of all U.S. wheat at 406.0 mb (blue column) through Thursday, December 30, a point in the marketing year when a 4-year average of 56% of [...]
Paint it Black
Morning Summary: It’s hard to believe, but it has already been a year. The first thing I did this morning was go back and read my Afternoon Commentary Summary from January 6, 2021 (“Anarchy”), Morning Commentary Summary from January 7 [...]
Taking a Breather
Session Summary: Some markets took a breather mid-week, not overly surprising given moves seen to open the new year. One of these was King Corn, with an interesting game possibly building in this key grain and oilseed sector market. On [...]
US Soil Moisture
The latest two-week comparison of NWS Climate Prediction Center Soil Moisture maps shows little change from Monday, December 27 to Monday, January 3. As expected, the disappointing snowfall across the US Southern Plains this past weekend made little difference to [...]
Short Night, Quiet Morning
Morning Summary: It’s possible traders stayed up late last night watching US college football’s Texas Bowl, and if so the lack of market activity is understandable. The game didn’t end until after 11pm (CT), with the post-game hoopla lasting to [...]
CFTC CoT: Crude Oil
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their crude oil net-long futures position by 1,826 contracts, putting it at a total of 338,429 contracts as of Tuesday, December 28. Included in this was a [...]
Everything is Green, Almost
Morning Summary: I’ll say this for 2022 so far, traders are bullish. A quick check of the various markets early Tuesday morning shows almost everything to be in the green. Exceptions make a small list that includes copper, cocoa, oats, [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their corn net-long futures position by 12,856 contracts, putting it at a total of 458,176 contracts as of Tuesday, December 28. Included in this was an increase [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long soybean futures position (blue line) by 22,408 contracts, putting it at 125,285 contracts as of Tuesday, December 28. Included in this was an increase [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders holding a net-long Chicago wheat futures position (blue line) of 5,935 contracts as of Tuesday, December 28, a decrease of 3,197 contracts. Included in this was a [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long cotton futures position (blue line) by 3,152 contracts, putting it at 90,889 contracts as of Tuesday, December 28. Included in this was an increase [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders held a net-long feeder cattle futures position (blue line) of 957 contracts as of Tuesday, December 28, a switch of 1,378 contracts. Included in this was an increase [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long live cattle futures position (blue line) by 753 contracts, putting it at 65,503 contracts as of Tuesday, December 28. Included in this was a [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long lean hog futures position (blue line) by 2,443 contracts, putting it at 57,739 contracts as of Tuesday, December 28. Included in this was an [...]
A Wild Start to the New Year
Session Summary: A number of markets wasted no time making statements in 2022 as Monday was filled with interesting moves. First among these was the strong rally by the US dollar index as it added 0.65, moving away from its [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, December 30 was released Monday morning. Corn inspections came in at 596,092 mt (23.5 mb), down 38% from the previous week’s revised 954,488 mt (37.6 mb) Total marketing year inspections [...]
Happy New Year!
Morning Summary: 2022 got off to a rollicking start Sunday evening as the commodity complex in general jumped at the open of trade for the new year. The biggest move was made by the oilseed sector as soybeans gained 1.8%, [...]
For Auld Lang Syne
Session Summary: The 2021 trading year has come to an end, and as a good friend said in a message, “What a year it was.” Rather than look back, after all we are talking about futures, I’ll recap the year [...]
The Last Day
Morning Summary: The last day of the year is always one of reflection, looking back at what was, wondering what might’ve been if one thing had gone differently. In the case of 2021, things happened in the United States I [...]
Traders Take Warning
Session Summary: As it turned out, the red markets early Thursday morning actually did mean “traders take warning”. At least traders in the grain and oilseed sector where markets extended overnight losses to double digits in most cases. Other commodity [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. corn at 538.1 mb (blue column) through Thursday, December 23, a point in the marketing year when a 5-year average of 25% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybeans at 1.063 bb (blue column) through Thursday, December 23, a point in the marketing year when a 5-year average of 46% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. soybean meal at 2,914 thousand metric tons (blue columns) through Thursday, December 23, a point in the marketing year when a 5-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of U.S. cotton at 3.070 million bales (blue column) through Thursday, December 23, a point in the marketing year when a 5-year average of 26% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2021-2022 marketing year export shipments of all U.S. wheat at 398.2 mb (blue column) through Thursday, December 23, a point in the marketing year when a 5-year average of 55% of [...]
Red Markets in the Morning
Morning Summary: I’ve paraphrased the old sailor saying to “Red markets in the morning” before, though I don’t know that it necessarily holds true that traders need to take warning. Particularly this time of year when trade volume seems to [...]