Monday Afternoon Markets – Paint it Black

2021-11-26T12:29:44-06:00November 26th, 2021|Quick Takes|

For a holiday shortened day and week, things got interesting in some of the markets this Black Friday: The US dollar index fell as much as 0.76 and threatened a move back below 96.00, after setting a high this week [...]

Early Friday Markets

2021-11-26T08:47:58-06:00November 26th, 2021|Quick Takes|

A quick check of markets Friday morning shows us: The S&P 500 is down 63 points (1.3%) The US dollar index is down 0.55 The euro is up 0.00819 Yield on the 10-year T-Note is 1.527% (down 0.114%) Gold is [...]

Black Friday Sale – Market Style

2021-11-26T07:29:21-06:00November 26th, 2021|Quick Takes|

Good morning everyone. Just a reminder our office is closed Friday, but I am still keeping an eye on markets. And what I see early sets the stage for what is expected to be an explosive Black Friday sale: The [...]

Thanksgiving Thoughts

2021-11-24T12:36:19-06:00November 24th, 2021|Quick Takes|

We are heading down the homestretch toward the US Thanksgiving holiday, so I thought I'd share with you a short list of what I'm thankful for. Pie. Everything else is a side dish. That I don't have to fly somewhere [...]

RFD-TV Reminder

2021-11-24T08:23:50-06:00November 24th, 2021|Quick Takes|

A reminder I will be appearing on RFD-TV at 8:45 (CT) Wednesday morning, as always sponsored by my friends at Barchart. A lot to talk about again this morning, most notably the strength of there US dollar index and Treasury [...]

Export Sales Announcements

2021-11-24T08:05:37-06:00November 24th, 2021|Quick Takes|

USDA announced export sales of 330,000 mt (12.1 mb) of 2021-2022 soybeans to unknown destinations and 100,000 mt (3.9 mb) of 2021-2022 corn to Mexico.

Tuesday Morning News

2021-11-23T09:57:14-06:00November 23rd, 2021|Quick Takes|

It has been announced by the White House the US will release 50 million barrels of crude oil from the Strategic Petroleum Reserve. According to a news report from CNBC, "The move is a coordinated effort between energy-consuming nations including [...]

RFD-TV Update

2021-11-23T08:06:38-06:00November 23rd, 2021|Quick Takes|

I will be appearing on RFD-TV at 8:15 (CT) Tuesday morning, as always sponsored by my friends at Barchart. A lot to discuss, including the recent strength of the US dollar index and the possible ripple effects on the Three [...]

Morning in the Barn

2021-11-22T08:55:44-06:00November 22nd, 2021|Quick Takes|

It has been an interesting Monday morning in livestock markets early: Live cattle are higher, led by an almost $1 rally in December Is this due to last Friday's Cattle on Feed report numbers? No But a fun drinking game [...]

News Update

2021-11-18T08:50:36-06:00November 18th, 2021|Quick Takes|

A couple of interesting pieces of news coming across the wires Thursday morning: Initial jobless claims for the week ended November 13 came in at 268,000, little changed from the previous week's reported 269,000 Continuing claims, for the week ending [...]

RFD-TV Reminder

2021-11-17T08:14:39-06:00November 17th, 2021|Quick Takes|

You weekly reminder I will be talking markets on RFD-TV Wednesday morning at 8:45 (CT), as always sponsored by my friends at Barchart. A lot to talk about again today including the resurgent soybean meal and soybean markets and the [...]

Export Sales Announcements

2021-11-17T08:03:01-06:00November 17th, 2021|Quick Takes|

USDA announced a sale of 132,000 mt (4.9 mb) of 2021-2022 soybeans to China. A sale of 30,000 mt of 2021-2022 soybean oil to India was also announced.

Technical Quickie: Mixed Messages

2021-11-17T06:56:57-06:00November 17th, 2021|Quick Takes|

I mentioned in Wednesday's Morning Commentary how a number of markets were sending mixed technical messages.Here's what I see heading into Wednesday's session (short-term trends on daily charts, intermediate-term tends on weekly charts, long-term trends on monthly charts): March Corn [...]

Export Sales Announcements

2021-11-16T08:04:28-06:00November 16th, 2021|Quick Takes|

We continue to see results of weaker carry in both soybean and corn futures spreads last week. USDA announced a sale of 161,000 mt (5.9 mb) of 2021-2022 soybeans to unknown destinations. A sale of 270,000 mt (10.6 mb) of [...]

Export Sales Announcements

2021-11-15T08:08:48-06:00November 15th, 2021|Quick Takes|

USDA announced a sale of 264,000 mt (9.7 mb) of 2021-2022 soybeans to unknown destinations. Also, 198,200 mt (7.8 mb) of corn to Mexico with 148,200 mt (5.8 mb) for 2021-2022 and  50,000 mt (2.0 mb) for 2022-2023.

RFD-TV Reminder

2021-11-10T08:28:42-06:00November 10th, 2021|Quick Takes|

Your weekly reminder I will be appearing on RFD-TV to talk markets at 8:45 (CT) Wednesday morning. As always, sponsored by my friends at Barchart. Some topics of interest could be: USDA's corn supply and demand estimates getting in line [...]

Morning in the Barn

2021-11-08T09:14:10-06:00November 8th, 2021|Quick Takes|

The first half hour of the week saw livestock markets trade quietly, for the most part. Live cattle were higher, as expected following reports of stronger cash late last week, with feeders near unchanged and lean hogs showing light pressure. [...]

Friday Morning Update

2021-11-05T08:28:49-05:00November 5th, 2021|Quick Takes|

It has been a busy Friday morning, and I have some market news to pass along: Corn A good friend in central Nebraska sent me a message, "Cargill is running out of room and the feedlot is shutting corn at [...]

Wednesday’s Media Update

2021-11-03T05:51:46-05:00November 3rd, 2021|Quick Takes|

Good morning again everyone. A couple media events for you today: I will be joining the WIBW Radio (Topeka, KS) Ag Issue radio program at 6am (CT). You can listen live at this link.  I will be doing my weekly [...]

RFD-TV Update

2021-11-02T07:37:36-05:00November 2nd, 2021|Quick Takes|

I will be appearing on RFD-TV Tuesday morning at 8:15 (CT) to talk markets. As always sponsored by my friends at Barchart. A lot to talk about again after Monday's moves in cash, futures, and basis. The subject of Feeder [...]

In the Barn

2021-11-01T08:46:02-05:00November 1st, 2021|Quick Takes|

I'm a little surprised by early activity in the livestock sector, most notably the early buying seen in live cattle. I was expecting to see some follow-through selling from last week, but instead contracts seem to be building initially on [...]

Export Sales Announcements

2021-10-29T08:05:13-05:00October 29th, 2021|Quick Takes|

USDA announced export sales early Friday morning: 2021-2022 corn 279,415 mt (11.0 mb) to Mexico 2021-2022 soybeans 132,000 mt (4.9 mb) to unknown destinations 222,350 mt (8.2 mb) to unknown destinations

RFD-TV Reminder

2021-10-27T05:16:45-05:00October 27th, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV at 8:45 (CT) Wednesday morning, as always sponsored by my friends at Barchart. A lot to talk about again today including rains across the Midwest, the big move in cattle markets, and [...]

RFD-TV Reminder

2021-10-20T08:37:07-05:00October 20th, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT). As always, sponsored by my friends at Barchart. I hope you can join us.

Soil Moisture Skeptic

2021-10-19T09:34:07-05:00October 19th, 2021|Quick Takes|

I usually post Commentary on a weekly comparison of NWS Climate Prediction Center soil maps, but this week's map has me skeptical of what is being shown. The deficit situation across much of the US Northern Plains suddenly disappeared. Given [...]

And Out in the Barn…

2021-10-18T08:49:21-05:00October 18th, 2021|Quick Takes|

Early Monday activity fins the livestock sector mostly lower, with deferred feeder issues starting the day in the green. Live Cattle Last week's cash market was reportedly in the $124 to $125 range, meaning the October trading near $126 could [...]

Export Sales Announcements

2021-10-15T08:06:45-05:00October 15th, 2021|Quick Takes|

Friday morning's announced sales fit with the commercial buying seen over the last few overnight sessions. USDA announced 2021-2022 soybean export sales of: 396,000 mt (14.6 mb) to unknown destinations 326,750 mt (12.0 mb) to unknown destinations 132,000 mt (4.9 [...]

Export Sale Announcement

2021-10-14T08:08:34-05:00October 14th, 2021|Quick Takes|

USDA announced export sales of 132,000 mt (4.9 mb) of 2021-2022 soybeans to unknown destinations (see Soybean Market discussion in Morning Commentary).

Export Sales Announcements

2021-10-13T08:07:55-05:00October 13th, 2021|Quick Takes|

USDA announced export sales of 2021-2022 Corn 161,544 mt (6.4 mb) to unknown destinations. 2021-2022 Soybeans (as expected, see Morning Commentary) 330,000 mt (12.1 mb) to China 198,000 mt (7.3 mb) to unknown destinations

RFD-TV Reminder

2021-10-13T07:57:29-05:00October 13th, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT). As always, sponsored by my friends at Barchart. Hmm...I wonder what we will talk about today. I hope you can join us.

USDA October Supply and Demand

2021-10-12T11:09:23-05:00October 12th, 2021|Quick Takes|

A quick summary of USDA's monthly supply and demand silliness (October/September): 2021-2022 Corn Production 15.019 bb/14.996 bb Planted Acres 93.3 ma/93.3 ma Yield 176.5 bpa/176.3 bpa Ending Stocks 1.500 bb/1.408 bb Soybeans Production 4.448 bb/4.374 bb Planted Acres 87.2 ma/87.2 [...]

September Jobs (No Relation to Steve)

2021-10-08T07:36:48-05:00October 8th, 2021|Quick Takes|

Ouch... Not that I believe this report any more than others, but the September jobs report came in at 194,000 as compared to the pre-report estimate of 500,000. US unemployment dropped to 4.8% from the previous month's 5.2% At first [...]

Media Timeout

2021-10-06T05:41:46-05:00October 6th, 2021|Quick Takes|

Hi again everyone. A couple media events to point out to you today: I will be on WIBW Radio's Ag Issues program at 6am (CT). I will post a link to listen live on Twitter. I will be making my [...]

Livestock Update

2021-10-01T09:51:43-05:00October 1st, 2021|Quick Takes|

A friend from central Nebraska sent me a message reading, "Just found out Tyson is only buying contract cattle through the end of November. Concern is they are going to have a lot of workers walk off by November 1 [...]

Early Livestock Activity

2021-10-01T08:57:35-05:00October 1st, 2021|Quick Takes|

A good friend in the livestock industry contacted me Thursday afternoon and made an interesting observation. He pointed out the feeder cattle market had changed its tone late in the day, and while contracts still closed lower the commercial side [...]

USDA’s Quarterly Numbers

2021-09-30T11:12:34-05:00September 30th, 2021|Quick Takes|

USDA's Quarterly Stocks and Small Grain Summary has been released. Quarterly Stocks (as of September 1)/Pre-report estimate Corn: 1.236 bb/1.155 bb (high of 1.252 bb) Soybeans: 256 mb/174 mb (high of 202 mb) All wheat: 1.780 bb/1.852 bb (low of [...]

RFD-TV Reminder

2021-09-29T08:14:30-05:00September 29th, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV this morning at 8:45 (CT), as always sponsored by my friends at Barchart. The main topics for me this week: Seasonal turns in corn and soybeans Looking ahead at noncommercial activity Forecasts [...]

Export Sale Announcement

2021-09-28T08:04:13-05:00September 28th, 2021|Quick Takes|

USDA announced a sale of 150,000 mt (5.9 mb) of 2021-2022 corn to Mexico. This fits with the short-covering seen in the Dec corn contract of late.

And in the Barn…

2021-09-27T08:46:05-05:00September 27th, 2021|Quick Takes|

Monday's open in the livestock sector was active following last Friday's Quarterly Hogs and Pigs and Monday Cattle on Feed reports, to say the least: Lean hogs were sharply higher with December jumping more than $3.50. This left an incredible gap [...]

Export Sale Announcement

2021-09-27T08:04:46-05:00September 27th, 2021|Quick Takes|

USDA announced a sale of 334,0900 mt (12.3 mb) of 2021-2022 soybeans to China. So much for my trade volume and open interest analysis of last Friday's session in soybeans in Morning Commentary.

Export Sale Announcement

2021-09-23T08:08:29-05:00September 23rd, 2021|Quick Takes|

USDA announced a sale of 138,403 mt (5.4 mb) of 2021-2022 corn to Guatemala. This fits with some of the decrease in open interest of December corn the last couple sessions.

RFD-TV Reminder

2021-09-22T08:14:09-05:00September 22nd, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT). As always, this spot is sponsored by my friends at Barchart. There is a lot to talk about again this week: Seasonality of corn, soybeans, and wheat [...]

Export Sale Announcement

2021-09-16T08:04:57-05:00September 16th, 2021|Quick Takes|

USDA announced sales of 132,000 mt (4.9 mb) of 2021-2022 soybeans to China. This is interesting, as the day before China reportedly cancelled 132,000 mt (4.9 mb) of 2021-2022 soybeans.

RFD-TV Reminder

2021-09-15T08:21:15-05:00September 15th, 2021|Quick Takes|

This is your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT) talking markets. As always, this spot is sponsored by my friends at Barchart. There is a lot to talk about again this morning: Soybean sales [...]

Export Sales Cancellations

2021-09-15T08:18:01-05:00September 15th, 2021|Quick Takes|

USDA announced cancellations of 2021-22 soybeans: 132,000 mt (4.9 mb) to China 196,000 mt (7.2 mb) to unknown destinations While we did see the carry in soybean futures spreads strengthen Tuesday, I wasn't looking for cancellations to begin already. It [...]

JBS Packing Plant Fire

2021-09-13T08:30:47-05:00September 13th, 2021|Quick Takes|

I just had a good friend call me and tell me about the JBS packing plant fire in Grand Island, Nebraska. I don not have much information on the situation but will be trying to find out what I can [...]

Random Pre-Report Thoughts

2021-09-10T10:04:29-05:00September 10th, 2021|Quick Takes|

Just some random thoughts as most in the industry count down the minutes until the next round of monthly USDA silliness: Corn: It would be ideal if Dec corn would hit $5.00 before the release of the September reports. This [...]

Export Sale Announcement

2021-09-10T08:03:14-05:00September 10th, 2021|Quick Takes|

USDA announced a sale of 132,000 mt (4.9 mb) of 2021-2022 soybeans to China. This is likely part of the commercial buying we saw in the soybean market during Thursday's session.

Media Alert

2021-09-09T08:07:00-05:00September 9th, 2021|Quick Takes|

It's short notice I know, but I will be making another appearance on RFD-TV this morning at 8:15 (CT). I hope you can join us.

Wednesday’s Media Menu

2021-09-07T17:33:40-05:00September 7th, 2021|Quick Takes|

Good evening everyone. Just want to give you advance notice Wednesday will be a busy day for media appearances: 6am (CT): WIBW Radio Ag Issues Program 8:45 am (CT): Weekly RFD-TV appearance to talk markets. Should be a lot to [...]

Export Sale Announcement

2021-09-07T08:04:35-05:00September 7th, 2021|Quick Takes|

USDA announced a sale of 327,300 mt (12.0 mb) of 2021-2022 hard red winter wheat to Nigeria. This would be another reason we’ve seen commercial buying in Kansas City of late.

Morning News Update

2021-09-03T08:21:56-05:00September 3rd, 2021|Quick Takes|

There were a couple interesting news items out Friday morning: The August Nonfarm payroll number came in at 235,000, well below the expected 720,000 and last month's 1.05 million Af course there were a number of revisions to previous month's, [...]

RFD-TV Reminder

2021-09-01T06:52:31-05:00September 1st, 2021|Quick Takes|

Your weekly reminder I will be on RFD-TV at 8:45 (CT) Wednesday morning. As always this is sponsored by my friends at Barchart. There is a lot to talk about as a new month gets under way: The long-term uptrend [...]

Export Sales Announcements

2021-08-26T08:05:13-05:00August 26th, 2021|Quick Takes|

USDA announced export sales of: 2021-2022 Corn 100,000 mt (3.9 mb) to Colombia 2021-2022 Soybeans 133,000 mt (4.9 mb) to China 132,150 (4.9 mb) to unknown destinations

RFD-TV Reminder

2021-08-25T07:39:20-05:00August 25th, 2021|Quick Takes|

Your weekly reminder I will be appearing on RFD-TV Wednesday morning at 8:45 (CT) to talk markets, sponsored by my friends at Barchart. As always, there is a lot to talk about this morning. Please send me any questions or [...]

Out of the Office

2021-08-20T14:27:58-05:00August 20th, 2021|Quick Takes|

Hi Everyone. I will be out of the office until Sunday evening. At that time I will catch up on Cattle on Feed, CFTC Reports, my next Weekly Column, etc. Have a good weekend. Darin

No Export Sales Announcements

2021-08-20T08:09:08-05:00August 20th, 2021|Quick Takes|

As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website. Recall from Thursday's Afternoon Commentary: "November lost 0.5 cent to January, the spread closing at a carry of 4.5 cents, hinting at an [...]

Chicago Wheat and VSR

2021-08-20T07:18:48-05:00August 20th, 2021|Quick Takes|

I just had a great question come in regarding Chicago (SRW) and the possibility of the CME's Variable Storage Rate (VSR) kicking in. My friend asked, "Looking at the wheat complex, and reading Morning Commentary, mathematically are we near VSR [...]

Export Sales Announcements

2021-08-19T08:06:52-05:00August 19th, 2021|Quick Takes|

USDA announced 2021-2022 soybean sales of 263,000 mt (9.7 mb) to China and 148,590 mt (5.5 mb) to Mexico. This makes 11 consecutive days and stays in step with the Nov-January futures spread.

Export Sale Announcement

2021-08-18T08:04:03-05:00August 18th, 2021|Quick Takes|

USDA announced a sale of 131,000 mt (4.8 mb) of 2021-2022 soybeans to China. This makes 10 days in a row of announced new-crop soybean sales.

RFD-TV Reminder

2021-08-18T07:14:21-05:00August 18th, 2021|Quick Takes|

Hi again everyone. This is your weekly reminder I will be on RFD-TV at 8:45 (CT) Wednesday morning talking markets, as always sponsored by my friends at Barchart. There is a lot to talk about again this morning as the [...]

Media Update

2021-08-17T07:37:41-05:00August 17th, 2021|Quick Takes|

I will be making a guest appearance on RFD-TV this morning at 8:10 (CT). I hope you can join us.

Export Sales Announcements

2021-08-13T08:06:46-05:00August 13th, 2021|Quick Takes|

USDA announced soybean sales for the seventh consecutive day: Unknown destinations 2020-2021 (hard to believe, I know): 200 mt 2021-2022: 326,000 mt (12.0 mb) China 2021-2022: 126,000 mt (4.6 mb)

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