Export Sale Announcement

2021-07-29T08:05:37-05:00July 29th, 2021|Quick Takes|

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.

RFD-TV Reminder

2021-07-28T08:38:37-05:00July 28th, 2021|Quick Takes|

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 [...]

Media Update

2021-07-27T11:02:47-05:00July 27th, 2021|Quick Takes|

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.

No New Export Sales Announcements

2021-07-19T08:07:03-05:00July 19th, 2021|Quick Takes|

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.

A Green Start to the Week

2021-07-18T19:21:34-05:00July 18th, 2021|Quick Takes|

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 [...]

Sunday Night Pre-Open

2021-07-18T18:58:07-05:00July 18th, 2021|Quick Takes|

Good evening everyone. The four key states of North Dakota, South Dakota, Minnesota, and Iowa stayed mostly dry over the weekend, as expected, setting the stage for what should be an explosive open to the overnight session Sunday into Monday [...]

RFD-TV Reminder

2021-07-14T08:14:00-05:00July 14th, 2021|Quick Takes|

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 [...]

RFD-TV Reminder

2021-07-07T08:16:30-05:00July 7th, 2021|Quick Takes|

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.

Two Hours In

2021-07-06T10:38:09-05:00July 6th, 2021|Quick Takes|

Two hours into the trading day and week and the pool of sell orders in the Dec corn contract, locked limit down for now, has grown to 112,000 contracts. This isn't huge, but it is substantial. It will be interesting [...]

Wow…

2021-07-06T09:23:17-05:00July 6th, 2021|Quick Takes|

Needless to say, but I'll say it anyway, this is not what I was expecting to see coming out of the 3-day US holiday weekend. Yes, it rains across parts of the US Northern Plains but it was generally hot [...]

Pre-Open Market Depth

2021-07-06T08:16:14-05:00July 6th, 2021|Quick Takes|

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 [...]

Correction: No Grain Markets Tonight

2021-07-05T12:31:21-05:00July 5th, 2021|Quick Takes|

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.

WIBW Radio Ag Issues Program

2021-07-02T05:48:26-05:00July 2nd, 2021|Quick Takes|

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 [...]

RFD-TV Reminder

2021-06-30T08:11:40-05:00June 30th, 2021|Quick Takes|

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 [...]

Webinar Rebroadcast

2021-06-28T09:51:10-05:00June 28th, 2021|Quick Takes|

The rebroadcast of the Grain Market Outlook webinar I took part in last Thursday has been posted. You can watch it at this link.  Thanks to my friend at Barchart for having me on again. I look forward to your [...]

Weekend Update

2021-06-25T14:45:06-05:00June 25th, 2021|Quick Takes|

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 [...]

Webinar Reminder

2021-06-24T13:24:35-05:00June 24th, 2021|Quick Takes|

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 [...]

RFD-TV Reminder

2021-06-23T08:14:19-05:00June 23rd, 2021|Quick Takes|

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 [...]

Father’s Day Rain

2021-06-20T06:51:45-05:00June 20th, 2021|Quick Takes|

Good morning everyone, and Happy Father's Day to all. There's something about waking up to the sound of summer rain, particularly on Father's Day. Many years ago, 13 to be exact, I wrote this On the Market column for DTN [...]

Mark Your Calendars

2021-06-18T10:43:26-05:00June 18th, 2021|Quick Takes|

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 [...]

RFD-TV Reminder

2021-06-16T08:06:55-05:00June 16th, 2021|Quick Takes|

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 [...]

Weather Watching

2021-06-13T18:42:55-05:00June 13th, 2021|Quick Takes|

Good evening everyone. Based on what I see on not only the previous 48-hour precipitation accumulation map but also the the 5-day outlook from Sunday morning, it would not be surprising to see December corn and November soybeans open the [...]

Thursday’s Economic Data

2021-06-10T07:45:35-05:00June 10th, 2021|Quick Takes|

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 [...]

RFD TV Reminder

2021-06-09T07:09:40-05:00June 9th, 2021|Quick Takes|

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?

Media Timeout

2021-06-02T04:58:35-05:00June 2nd, 2021|Quick Takes|

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, [...]

WWW Activity

2021-05-31T14:28:35-05:00May 31st, 2021|Quick Takes|

Good afternoon everyone. I'm already hearing some brokerage firms are calling sharply higher grain and oilseed markets on the open Monday night based on weekend rains and drier forecasts. The first map shows general coverage for much of the US [...]

Monthly Analysis

2021-05-30T08:00:25-05:00May 30th, 2021|Quick Takes|

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 [...]

RFD-TV Reminder

2021-05-26T07:10:08-05:00May 26th, 2021|Quick Takes|

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 [...]

Midday Markets

2021-05-21T10:52:06-05:00May 21st, 2021|Quick Takes|

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 [...]

Export Sales Announcements

2021-05-20T08:07:12-05:00May 20th, 2021|Quick Takes|

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.

RFD-TV Reminder

2021-05-19T08:11:22-05:00May 19th, 2021|Quick Takes|

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 [...]

Midday Markets

2021-05-17T11:12:40-05:00May 17th, 2021|Quick Takes|

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 [...]

Midday Markets

2021-05-14T12:41:13-05:00May 14th, 2021|Quick Takes|

News: According to a story posted by my friend Mike McGinnis with Successful Farming, "The U.S. Coast Guard has reopened the Mississippi River Friday, following the closure of a cracked bridge on the Tennessee-Arkansas line." Weather: There is a band [...]

Midday Markets

2021-05-13T12:27:17-05:00May 13th, 2021|Quick Takes|

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 [...]

What’s on Tap Wednesday

2021-05-12T07:04:47-05:00May 12th, 2021|Quick Takes|

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 [...]

Export Sale Announcement

2021-05-11T08:04:20-05:00May 11th, 2021|Quick Takes|

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.

Export Sales Announcements

2021-05-10T08:05:01-05:00May 10th, 2021|Quick Takes|

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 [...]

Export Sales Announcements

2021-05-07T08:12:40-05:00May 7th, 2021|Quick Takes|

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 [...]

Red Meats

2021-05-06T09:09:32-05:00May 6th, 2021|Quick Takes|

Early activity in the livestock sector shows all three meat markets in the red, led by a 0.7% selloff in lean hogs. As I talked about in Thursday morning's Chart of the Day ("Still Bullish, But..."), the June-August lean hog [...]

Export Sales Announcements

2021-05-05T08:12:14-05:00May 5th, 2021|Quick Takes|

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

Media Timeout

2021-05-05T07:17:06-05:00May 5th, 2021|Quick Takes|

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 [...]

Wednesday Update

2021-04-28T05:34:51-05:00April 28th, 2021|Quick Takes|

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 [...]

Weather Derivatives

2021-04-27T08:30:12-05:00April 27th, 2021|Quick Takes|

If anyone ever tries to tell you grain futures are NOT weather derivatives, feel free to show them this table. At Tuesday morning's intermission, both new-crop corn and soybean markets had fallen from solid gains to moderate losses, with commercial [...]

Export Sales Announcements

2021-04-27T08:06:47-05:00April 27th, 2021|Quick Takes|

USDA announced export sales of 101,600 mt (4.0 mb) of corn to unknown destinations. Of this, 50,800 mt (2.0 mb) are for 2020-2021 and 50,800 mt (2.0 mb) are for 2021-2022.

Early Activity Monday

2021-04-26T09:00:00-05:00April 26th, 2021|Quick Takes|

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 [...]

Export Sales Announcements

2021-04-23T08:06:39-05:00April 23rd, 2021|Quick Takes|

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

Technical Difficulties

2021-04-21T05:31:49-05:00April 21st, 2021|Quick Takes|

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 [...]

Media Schedule

2021-04-21T05:23:04-05:00April 21st, 2021|Quick Takes|

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. [...]

Early Cattle Activity

2021-04-19T09:50:17-05:00April 19th, 2021|Quick Takes|

It's been a tough start to the week for live and feeder cattle, with contracts of both markets extending short-term downtrends on their respective daily charts. Futures spreads are mixed, indicating much of the early selling has come from the [...]

Corn Comparison Question

2021-04-19T07:40:13-05:00April 19th, 2021|Quick Takes|

Shortly after I posted my latest Weekly Column, "Corn Comparisons", Sunday evening I received a simple question via direct message on Twitter, "What about '96 corn?" First, thank you for the question. I truly appreciate you taking the time to [...]

Technical Difficulties

2021-04-16T08:12:05-05:00April 16th, 2021|Quick Takes|

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 [...]

Treasury Trends

2021-04-15T08:51:13-05:00April 15th, 2021|Quick Takes|

I saw a post on Twitter from a regular contributor to CNBC that said, "Gigantic retail sales and bond prices up, hmmm?" She's correct, as both 30-year T-Bonds and 10-year T-Notes are solidly higher after some bullish economic report numbers [...]

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