As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
USDA announced a sale of 132,000 mt (4.9 mb) of 2021-2022 soybeans to unknown destinations. Recall from recent discussions that changes in new-crop soybean open interest numbers indicated some sales were being made.
This is your reminder I will be making my weekly appearance on RFD-TV to talk markets at 8:45 (CT) this morning, as always sponsored by my friends at Barchart. There is a lot to talk about again this week, though [...]
I will be the guest on Tuesday afternoon's AgriTalk radio program, starting at roughly 2:05 (CT). Looking forward to the conversation this afternoon, and I hope you can join us. You can listen live at this link.
A late sale announcement came in last Friday: 134,000 mt (4.9 mb) of 2021-2022 SRW wheat to China. As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
The green and oilseed complex is off to a rollicking start with September Minneapolis (HRS) wheat initially gaining 22.25 cents, November soybeans jumping 26.25 cents, and December corn popping 15.5 cents as the session got under way. Weather is the [...]
Hi again everyone. This is your reminder I will be making my weekly appearance on RFD-TV to talk markets at 8:45 (CT) this morning, as always sponsored by my friends at Barchart. There is a lot to talk about again [...]
Good evening everyone. Let's take a quick check of some of the major sporting events this past week. On the LPGA (Ladies Professional Golf Association) Tour Dateline Sylvania, Ohio: "The 2021 Marathon LPGA Classic was shortened to 54 holds after [...]
December corn slipped below its previous 4-week low of $5.1425, posting an initial low of $5.1250 Friday morning. It's hard to get a good read on commercial activity early, with futures spreads mixed, meaning much of the pressure has likely [...]
I will be making my weekly appearance on RFD-TV at 8:45 this morning, as always sponsored by my friends at Barchart. There is a lot to talk about in markets again this week. I hope you can join us.
Pre-market orders are a bit of a surprise Tuesday morning with: December Corn: 530 contracts bid at $5.64, down 15.75 cents from last Friday's close. November Soybeans: 150 contracts bid at $13.83, down 16 cents from last Friday. September Kansas [...]
My apologies. The grain and oilseed complex DOES NOT OPEN UNTIL 8:30 (CT) TUESDAY MORNING. Earlier I had mentioned how trade gets under way at the usual 7pm (CT) Monday evening. Thank you for pointing this out Kyle.
I will be the guest on Friday morning's Ag Issues program on WIBW Radio (Topeka, Kansas) at the top of the hour. You can listen live at this link. There is a lot to talk about again this morning. I [...]
Good morning again everyone. This is your weekly reminder I will be on RFD-TV talking markets at 8:45 (CT), a always sponsored by my friends at Barchart. There will be a lot to talk about today: USDA Report Preview Forward [...]
Good Friday afternoon everyone. I will be out of the office this weekend but you can get in touch with me through messages and texts if needed. Also, I will catch everything up Sunday evening through Monday morning, including: The [...]
Hi again everyone. This is a reminder I will be on a webinar with my friends at Barchart Thursday afternoon from 2 (CT) to 3 (CT). You can join us at this link, accessible from your phone or computer. I [...]
A reminder I will be on RFD-TV Wednesday morning at 8:45 (CT). Should be a lot to talk about again today with noncommercial long-liquidation, soil moisture problems, and weather forecasts high on the list. In the livestock sector we have [...]
I will be taking part in a webinar with my friends at Barchart next Thursday, June 24, at 2pm (CT). I'll be giving a short market outlook, saving plenty of time for Q&A at the end. You can use this [...]
Just a reminder I will be making my weekly appearance on RFD-TV to talk markets, as always sponsored by my friends at Barchart. I hope you can join us at 8L45 (CT) as there should be a lot to talk [...]
An interesting set of economic data released Thursday morning: May Consumer Price Index was up 5% year-to-year versus a "pre-report estimate" of 4.7%. Reportedly this was the biggest year-to-year gain since August 2008. The CPI, excluding food and fuel, was [...]
My weekly market discussion with RFD TV, sponsored by my friends at Barchart, is coming up at 8:45 (CT) Wednesday morning. I hope you can join us. What would you like to hear us talk about?
As forecasted last week, much of the northern US Midwest and parts of the Northern Plains stayed dry over the weekend. It was these forecasts that led to Friday's wild session with December corn gaining 25 cents, November soybeans rallying [...]
As I was just finishing posting my analysis of soybean basis, my cmdtyView system alerted me of a bullish breakout in December live cattle. I quickly pulled up my weekly chart, and sure enough, the contract has been rocking higher [...]
Good morning everyone. I'll be making a couple media appearances Wednesday morning: I will be on WIBW (Topeka, Kansas) Radio's Ag Issues program at 6 (CT). You can listen live at this link. My weekly market discussion on RFD TV, [...]
Good morning everyone. Over the next number of hours I will be updating Analysis with a look at the monthly charts for a variety of markets: currencies, metals, energies, livestock, grains (both futures and cash), etc. Given my belief in [...]
Hi again everyone. Yes, it's another Wednesday morning meaning I'll be doing my usual 8:45 (CT) market discussion on RFD-TV. As always, sponsored by my friends at Barchart. There will be a lot to talk about, maybe even some of [...]
Good evening everyone. I just had a great question come in: "What's the opening look like regarding weekend weather?" A look at the 48-hour precipitation accumulation map shows a near spot-on fit with the 5-day precipitation forecast from last Tuesday [...]
The first half of Friday's session has been strange, though there have been some standout performances. August Lean Hogs rallied to a new high of at least $110.875 (remember I'm on a 10-minute delay), with support tied to continued commercial [...]
Correction: Wednesday’s sale of 142,500 mt to Mexico was 2021-2022 soybeans (5.2 mb) rather than corn (5.6 mb). Thursday morning USDA announced another sale of 1,224,000 mt (48.2 mb) of 2021-2022 corn to China.
Hi again everyone. This is your weekly reminder I will be making my usual appearance on RFD-TV at 8:45 Wednesday morning to talk markets. As always, this spot is sponsored by my friends at Barchart. There is a lot to [...]
The grain and oilseed complex is indeed seeing second-half WWW Activity Monday with new-crop corn, soybeans, and all three wheat markets under continued pressure from Friday. Futures spreads are indicating some of the selling is coming from commercial traders, while [...]
It has been a wild ride in a number of markets Thursday, none more so than corn. We saw contracts hit limit down as the Vacuum Effect took place - an immediate collapse once buy orders are exhausted - leading [...]
As I've pointed out a number of times over recent months, when it comes to inflation we need to apply the Duck Equivalency: If it looks like inflation and acts like inflation, even if economists don't call it inflation, it's [...]
Hi again everyone. Just wanted to give you a rough idea of my schedule for Wednesday (all times CT): 08:45: My weekly appearance on RFD TV, sponsored by my friends at Barchart. There should be a lot to talk about [...]
Remember last week's move to an inverse in new-crop Corn's Forward Curve? (See Thursday's Chart of the Day, "Corn's Forward Curve: Tightening Up") Export Sales: USDA announced sales of 680,000 mt (26.8 mb) of 2021-2022 corn to China.
USDA announced sales of 1,020,000 mt (40.2 mb) of 2021-2022 corn to China. However, USDA also reported cancelations of 280,000 mt (11.0 mb) of 2020-2021 corn by China. The bottom line looks to be China continues to roll some old-crop [...]
I was wondering how RBOB gasoline futures would open Sunday evening given the news this weekend that "one of the largest pipelines in the U.S. remains closed following a cybersecurity attack." Colonial Pipeline, which "operates the largest pipeline carrying fuel [...]
USDA announced sales of: Corn 2020-2021 86,868 mt (3.4 mb) to unknown destinaitons 2021-2022 101,600 mt (4.0 mb) to unknown destinations 1,360,000 mt (53.5 mb) to China. Recall Thursday afternoon's Chart of the Day ("Tightening Up") that looked at the [...]
USDA announced a number of corn sales Wednesday morning: 2020-2021 140,000 mt (5.5 mb) to China 45,720 mt (1.8 mb) to unknown destinations 2021-2022 101,600 mt (4.0 mb) to unknown destinations 184,100 mt (7.2 mb) to Mexico
This is a quick timeout to remind you my weekly appearance on RFD TV to talk markets is coming up at 8:45 (CT) Wednesday morning. As always, this tv spot is sponsored by my friends at Barchart. I hope you [...]
The euro is posting an impressive rally Monday, and the US dollar an equally impressive selloff, without changing technical patterns seen on short-term daily, intermediate-term weekly, and long-term monthly charts. The daily chart for the euro still shows a short-term [...]
Good morning everyone. A couple updates for you this morning: Morning Commentary will be posted a bit later than usual. When I fired up the computer this morning it was caught in the middle of an update, so has put [...]
Here are some of the highlights of activity early Monday: Corn Old-crop May and July are locked the limit 25 cents higher, while hybrid September has hit limit but didn't hold. New-crop December is showing signs of solid buying from [...]
USDA announced corn export sales of: 2021-2022 Corn: 336,000 mt (13.2 mb) to unknown destinations 136,680 mt (5.4 mb) to Guatemala 2021-2022 Soybeans 132,000 mt (4.9 mb) to China
Hi again everyone. My morning hasn't quite gone as planned, meaning there have been a few technical issues I'm trying to work out. Due to this, Morning Commentary will be posted following the WIBW Ag Issues radio program that runs [...]
Good morning everyone. I will be doing a couple different media conversations this morning. I will be on the WIBW Radio (Topeka, Kansas) Ag Issues program at 6am (CT). You can find the Listen Live link on the website WIBW.com. [...]
Hi everyone. I've seen and heard there is an issue with the Commentary page on the website this morning. I have my IT group working on it and will let you know as soon as it is corrected. In the [...]