No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
Export Sale Announcement
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
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
Media Update
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 Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
Export Sale Announcement
USDA announced a sale of 100,000 mt (3.7 mb) of 2021-2022 soybeans to Mexico.
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
A Quick Look at Crude Oil
As I mentioned in Morning Commentary, the crude oil market is sliding down a slippery slope Monday following Sunday's news a deal on production cuts had been reached by OPEC and its allies. According to a story on CNBC.com, the [...]
No New Export Sales Announcements
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
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
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
RFD-TV Reminder
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcement
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
And Off We Go
So of course the grain and oilseed complex opened Sunday evening higher. Now we'll see what happens through Monday morning. Have a good evening everyone.
Weekend Sports and Weather
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 [...]
Technical Quickie: December Corn
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 [...]
Export Sale Announcement
USDA announced a sale of 228,600 mt (8.4 mb) of 2021-2022 soybeans to Mexico.
Export Sale Announcement
USDA announced a sale of 122,200 mt of soybean cake and meal to Mexico for the 2021-2022 marketing year.
RFD-TV Reminder
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.
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
Two Hours In
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 [...]
Pre-Open Market Depth
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
Correction: No Grain Markets Tonight
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.
Weekend Weather: Rome of Room
Good morning everyone. To those of you here in the US, I hope you had a happy and safe Independence Day weekend. A sidetone: I've long agreed with the great John Adams that the real Day of Independence for the [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
WIBW Radio Ag Issues Program
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
RFD-TV Reminder
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
Webinar Rebroadcast
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
Early Sunday Activity
A quiet early Sunday session, different than what we've seen the last number of weeks. The grain and oilseed complex in general is in the green, with both corn and soybeans gaining some buying interest over the first 5 minutes [...]
Pre-Market Sunday Evening
With roughly 15 minutes before the open of Sunday evening’s session, the Market Depth Took on my cmdtyView system by Barchart is showing: Dec Corn: Closed at $5.1925 last Friday: 138 contracts bid at $5.19 125 contracts offered at $5.19 [...]
Weekend Update
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 [...]
Export Sales Announcements
USDA announced sales of 122,200 mt of soybean cake and meal to Mexico, with 84,150 mt for 2021-2022 and 28,050 mt for 2022-2023.
Webinar Reminder
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 [...]
Export Sales Announcements
USDA announced 2021-2022 soybean sales of 132,000 mt (4.9 mb) to China and 260,000 mt (9.6 mb) to unknown destinations.
RFD-TV Reminder
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 [...]
Export Sale Announcement
USDA announced a sale of 330,000 mt (12.1 mb) of 2021-2022 soybeans to China.
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
Export Sales Announcements
USDA announced 2021-2022 soybean sales of 336,000 mt (12.3 mb) to China and 120,000 mt (4.4 mb) to unknown destinations.
Sunday Evening Early Activity
The grain and oilseed complex started off in the red Sunday evening, again the result of rains across the US Northern Plains and Midwest this past weekend. Now we'll see how the rest of the session plays out, with contracts [...]
Pre-Market Sunday Evening
With roughly 15 minutes before the open of Sunday evening's session, the Market Depth Took on my cmdtyView system by Barchart is showing: Dec Corn (closed at $5.6625 last Friday: 280 contracts bid at $5.40 (down 19.25 cents) 230 contracts [...]
Father’s Day Rain
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
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
Export Sale Announcement
USDA announced a sale of 135,000 mt of 2020-2021 soybean cake and meal to the Philippines.
RFD-TV Reminder
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 [...]
Export Sale Announcement
USDA/FAS announced a sale of 153,416 mt (6.0 mb) of 2021-2022 corn to unknown destinations.
Midday Update: Noon Balloon
One has to wonder if the lift we've seen in a number of grain and oilseed markets is nothing more than a noon balloon, or if the rallies will have staying power through the close. Dec corn is 10 cents [...]
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
A Weak Open to the Week
The Market Depth tool on my cmdtyView worked well heading into the open of the overnight session as the grain and oilseed complex was hit hard on the open. Initial action looks to be tied to the rains seen across [...]
Technical Quickie: Highs and Lows
An abbreviated list of 4-day and 4-week high and low technical points for some ag markets heading into Sunday's overnight session through Monday morning. Â
Weather Watching
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
Technical Quickie: Highs and Lows
An abbreviated list of 4-day and 4-week high and low technical points for some ag markets heading into Friday’s session.
Technical Quickie: Highs and Lows
An abbreviated list of 4-day and 4-week high and low technical points for some ag markets heading into Thursday's session.
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
Thursday’s Economic Data
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
RFD TV Reminder
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?
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
Just Wheat Being Wheat
If it was any other sector, I'd say I was surprised. But the fact it was the Wheat Complex that has collapsed within the first half-hour of Monday's session comes as no surprise, easily explained by the idea it's "just [...]
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
Expecting Wild WWW Activity
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
Technical Quickie: December Live Cattle
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
Media Timeout
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, [...]
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
WWW Activity
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
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
Export Sales Announcements
USDA announced a sale of 152,400 mt (6.0 mb) of 2021-2022 corn to unknown destinations.
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new exports sales announcements on the USDA/FAS website.
RFD-TV Reminder
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 [...]
Technical Quickie: December Corn
The old adage of "Rain makes grain" seems to be winning the day again in December corn, as the contract fell back below $5.40, then $5.30, and even $5.20. As of this writing it has a session low of $5.1725. [...]
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new exports sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new exports sales announcements on the USDA/FAS website.
Blame It on the Rain
Somewhere, the Milli Vanilli song is playing in the background.
Sunday Evening Opening Guess
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 [...]
Midday Markets
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new exports sales announcements on the USDA/FAS website.
This is What a Vacuum Looks Like
You've heard me talk a number of times about market vacuums, and this 5-minute chart for Dec corn is a good example of what I'm talking about. At the 10:40 (CT) mark the contract poked its head to $5.49, a [...]
Export Sales Announcements
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
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 [...]
Export Sales Announcements
USDA announced sales of 1,360,000 mt (53.5 mb) of 2021-2022 corn to China and142,500 mt (5.6 mb) of 2021-2022 corn to Mexico.
Export Sales Announcements
USDA announced sales of 1,360,000 mt (53.5 mb) of 2021-2022 corn to China.
Midday Markets
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 [...]
Export Sales Announcements
USDA announced sales of 1,700,000 mt (66.9 mb) of 2021-2022 corn to China and 128,000 mt (5.0 mb) of 2021-2022 corn to Mexico.
Coming Out of the Locker Room
In just a little less than an hour and a half, the second half of the latest WWW (Wraparound Weather-market Weekend) Activity is set to begin. While market Bulls and Bears will soon be coming out of the locker room, [...]
Friday Afternoon Media Update
I was just invited to be a guest on Feedstuff's The Locker Room, hosted by my friend Mike Pearson, this afternoon at 2pm (CT). Join us at this link. Â
Midday Markets
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 [...]
Export Sales Correction
USDA announced a sale of 1,360,000 mt (53.5 mb) of 2021-2022 corn to China.
Midday Markets
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 [...]
Troubled Bridge Over Water
A good friend just called in and asked if I had heard about the bridge closure over the Mississippi River. Unfortunately, not working in a newsroom anymore I had not, but quickly searched for it this morning. As it turns [...]
Export Sale Announcement
USDA announced sales of 680,000 mt (26.8 mb) of 2021-2022 corn to China.
April Consumer Price Index: The Duck Equivalency
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 [...]
Export Sales Announcements
USDA announced sales of 100,000 mt (3.9 mb) of corn to Mexico, with 30,000 mt (1.2 mb) for 2020-2021 and 70,000 mt (3.9 mb) for 2021-2022.
What’s on Tap Wednesday
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
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
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 [...]
Overnight Grains: Crayon Rains
It will be interesting to see where new-crop corn, soybeans, and spring wheat open Sunday evening following rains the last 24 hours that left the map looking as if it was colored by kids with crayons. A large arc swoops [...]
RBOB Gasoline: Chaos Reigns
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 [...]
Early Livestock Activity
As I mentioned in Friday's Morning Commentary, I was interested in seeing how the commercial side traded the livestock sector once the opening bell rang. Feeder Cattle: I was talking to a good friend Friday afternoon, and we were discussing [...]
Export Sales Announcements
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) Â to China. Recall Thursday afternoon's Chart of the Day ("Tightening Up") that looked at the [...]
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
Technical Quickie: December Corn
I want to take a moment to point out Dec corn has posted a high Wednesday of $5.9275*, one tick off its contract high of $5.93. This puts Dec at another fork in the road (similar to what I talked [...]
Export Sales Correction
The 140,000 mt (5.5 mb) of 2020-2021 corn with China was a cancelation, not a new sale.
Export Sales Announcements
USDA announced a number of corn sales Wednesday morning: 2020-2021 Â 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
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Tuesday morning there were no new export sales announcements on the USDA/FAS website.
Technical Quickie: The Euro and the Dollar
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
Wednesday Update
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
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
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
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 Sale Announcement
USDA announced export sales of 120,000 mt (4.4 mb) of 2021-2022 soybeans to unknown destinations.
Export Sales Announcements
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
No Export Sales Announcements
Export Sales: As of 8:05 (CT) Thursday morning there were no new export sales announcements on the USDA/FAS website.
No Export Sales Announcements
As of 8:05 (CT) Wednesday morning there were no new export sales announcements on the USDA/FAS website.
Technical Difficulties
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
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. [...]
Export Sale Announcement
USDA announced a sale of 114,300 mt (4.5 mb) of 2020-2021 corn to Mexico.
Crude Oil: A Year Ago Today
It's hard to believe, but it has already been a year since the spot-month May 2020 crude oil contract, heading into expiration, collapsed to a low of (-$40.32). As I talked about at the time in my Weekly Column "Life [...]
Early Cattle Activity
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 [...]
No Export Sales Announcements
As of 8:05 (CT) Monday morning there were no new export sales announcements on the USDA/FAS website.
Corn Comparison Question
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
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 [...]
Export Sales Announcements
As of 8:05 (CT) Friday morning there were no new export sales announcements on the USDA/FAS website.
Treasury Trends
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 [...]