Midday Market Update

2022-05-20T12:01:14-05:00May 20th, 2022|Quick Takes|

Some Quick Takes on Midday Markets: Looks to be a bit of a Noon Swoon in the grain and oilseed complex. Traditionally I'd say it was tied to midday weather runs, but not necessarily this time around. More of the [...]

Export Sales Announcements

2022-05-18T08:04:26-05:00May 18th, 2022|Quick Takes|

USDA announced a sale of 229,200 mt (8.4 mb) of soybeans to unknown destinations. Of this, 10,200 mt (0.4 mb) is for 2021-2022 and 219,000 mt (8.0 mb) for 2022-2023.

RFD-TV Reminder

2022-05-18T07:25:03-05:00May 18th, 2022|Quick Takes|

Your Wednesday reminder I will be on RFD-TV this morning at 8:45 (CT) talking markets. As always, a number of things we can talk about including whether rain is bullish or bearish at this point. Also seeing a surge in [...]

Guess What Day it Is?

2022-05-17T06:19:39-05:00May 17th, 2022|Quick Takes|

No, it's not Hump Day as the Camel on that commercial would tell us, but rather Tuesday. That means a number of things, including I will be making my weekly appearance on RFD-TV at 8:15 (CT) to talk markets. The [...]

Sunday Evening Markets

2022-05-15T19:13:35-05:00May 15th, 2022|Quick Takes|

Outside of more mass shootings here in the US, something that has become commonplace, there wasn't much change in the news over the weekend. Looking ahead to the grain and oilseed complex, it was a rainy weekend across much of [...]

Export Sale Announcement

2022-05-13T08:05:02-05:00May 13th, 2022|Quick Takes|

USDA announced a sale of 132,000 mt (4.9 mb) of 2021-2022 soybeans to China. This one is a bit of a surprise, at least to me. It will be interesting to see if this stays 2021-22 or is switched to [...]

RFD-TV Reminder

2022-05-11T07:28:34-05:00May 11th, 2022|Quick Takes|

Your Wednesday reminder I will be on RFD-TV this morning at 8:45 (CT) talking markets. Some key topics for today: The continued downtrend of the beef cutout markets Select hit its lowest level, $242.35, since March 31, 2021 As I've [...]

RFD-TV Reminder

2022-05-10T05:07:17-05:00May 10th, 2022|Quick Takes|

Good morning everyone. It's Tuesday, so that means I will be on RFD-TV talking markets again at 8:15 (CT). Though I know what the main topic will be, my goal is to talk about as many REAL fundamental numbers as [...]

Wednesday’s Media Timeout

2022-05-04T05:47:49-05:00May 4th, 2022|Quick Takes|

A couple more media events for you today: First, I will be the guest on WIBW Radio Ag Issues program at 6:00 (CT). I always enjoy visiting with my friends down in Topeka, Kansas. Second, this being a Wednesday, I [...]

Tuesday’s Media Timeout

2022-05-03T07:06:54-05:00May 3rd, 2022|Quick Takes|

A couple media events going on this morning: It's Tuesday so that means I'll be on RFD-TV talking markets at 8:15 (CT). I know what I'm supposed to talk about, but there are a lot of real issues going on [...]

Sunday Evening Markets

2022-05-01T19:12:55-05:00May 1st, 2022|Quick Takes|

Good evening everyone. I didn't see a lot of news this weekend, and markets are reflecting this. The US dollar index is slight weaker Allowing most other currencies to show small green numbers Sunday evening US Treasury futures were showing [...]

RFD-TV Reminder

2022-04-27T06:48:01-05:00April 27th, 2022|Quick Takes|

This is your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT). A number of potential topics: What grain basis markets are telling us The fallout from falling beef cutout markets Distillates disturbing moves US stock index [...]

Export Sales – Correction

2022-04-26T08:28:41-05:00April 26th, 2022|Quick Takes|

USDA announced sales of: 132,000 mt (4.9 mb) of 2022-2023 soybeans to China 133,000 mt (4.9 mb) of soybeans to unknown destinations 78,000 mt (2.9 mb) for 2021-2022 55,000 mt (2.0 mb) for 2022-2023

RFD-TV Reminder

2022-04-26T07:05:22-05:00April 26th, 2022|Quick Takes|

Your Tuesday reminder I will be appearing on RFD-TV at 8:15 (CT). There are a lot of real market factors to talk about including: Weather Dec 2023 corn activity to start the week The sharp sell-off in the Barn The [...]

Export Sales Announcements

2022-04-25T08:11:52-05:00April 25th, 2022|Quick Takes|

USDA announced sales of 330,000 mt (12.1 mb) of soybeans to China. Of this: 66,000 mt (2.4 mb) were for 2021-2022 (interesting, given the discussion above) 264,000 mt (9.7 mb) were for 2022-2023. Additionally, USDA reported with strange wording “204,000 [...]

Sunday Evening Markets

2022-04-24T19:12:22-05:00April 24th, 2022|Quick Takes|

Let's take a look at the headlines over the weekend. First, it look like Emmanuel Macron will win reelection as President of France. This could ease some of the potential pressure on European stock markets that was threatened if the [...]

Morning Market Update

2022-04-22T09:11:01-05:00April 22nd, 2022|Quick Takes|

As I mentioned in Morning Commentary, it was possible the early hours rally in the grain and oilseed complex would have difficulty finding new buyers once Friday's opening bell rang. This certainly seems to be the case through the first [...]

Friday in the Barn

2022-04-22T08:49:44-05:00April 22nd, 2022|Quick Takes|

It's going to be a busy day in the Barn Friday, culminating in the April Cold Storage and Cattle on Feed reports released at 2:00 pm (CT). Heading into Friday's session: Live Cattle Cash improved this week to $140 to [...]

Export Sales Announcements

2022-04-22T08:06:46-05:00April 22nd, 2022|Quick Takes|

USDA announced a number of export sales Friday morning: 1,347,000 mt (53.0 mb) of corn to China 735,000 mt (28.9 mb) for 2021-2022 612,000 mt (24.1 mb) for 2022-2023 281,000 mt (11.1 mb) of corn to Mexico 90,200 mt (3.6 [...]

RFD-TV Reminder

2022-04-20T06:38:16-05:00April 20th, 2022|Quick Takes|

I will be on RFD-TV talking markets at 8:45 (CT) Wednesday morning, as always sponsored by my friends at Barchart. A lot to talk about again today from US Treasury yields to crude oil, weather across the US to activity [...]

RFD-TV Reminder

2022-04-19T05:13:08-05:00April 19th, 2022|Quick Takes|

Your weekly reminder I will be on RFD-TV this morning at 8:15 (CT). Much to talk about again today, though I have a feeling I know what the main topic will be. I'll try to make time to talk about [...]

Sunday Evening Markets

2022-04-17T19:13:28-05:00April 17th, 2022|Quick Takes|

Another week is under way and market are relatively quiet. The US dollar index is slightly weaker while the euro shows a small gain. US Treasury futures are quietly in the red. As are US stock index futures Metals were [...]

RFD-TV Reminder

2022-04-13T07:16:06-05:00April 13th, 2022|Quick Takes|

A reminder I'll be on RFD-TV Wednesday morning at 8:45 (CT) talking markets. A number of things to talk about again this morning: It's Wednesday Noncommercial activity End of the Goldman Roll Tuesday's storms Leading to cold temperatures to close [...]

RFD-TV Reminder

2022-04-12T06:59:49-05:00April 12th, 2022|Quick Takes|

This is your Tuesday reminder I will be on RFD-TV at 8:15 (CT) talking markets, as always sponsored by my friends at Barchart. Yes, being Tuesday, I know what the main topic will be, but I'm hoping to change the [...]

Export Sales Announcement

2022-04-11T08:05:44-05:00April 11th, 2022|Quick Takes|

USDA announced a sale of 1,020,000 mt (40.2 mb) of corn to China. Of this, 680,000 mt (26.8 mb) for 2021-2022 340,000 mt (13.4 mb) for 2022-2023. This fits with last week’s strengthening inverse in the July-September (old-crop) and Dec-March [...]

Sunday Evening Markets

2022-04-10T19:15:52-05:00April 10th, 2022|Quick Takes|

Good evening everyone. we are off and running on another week, though this one is shortened by a holiday this coming Friday. Sunday evening is showing us: Financials: There is already chatter about Tuesday's Consumer Price Index for March , [...]

Export Sale Announcement

2022-04-06T08:08:45-05:00April 6th, 2022|Quick Takes|

USDA announced a sale of 132,000 mt (4.9 mb) of soybeans to China. This fits with the commercial buying seen in the May-July soybean spread through Tuesday’s close.

Wednesday’s Media Appearances

2022-04-06T04:56:14-05:00April 6th, 2022|Quick Takes|

Good morning everyone. A couple media appearances for you today: I will be the guest on WIBW Radio's Ag Issue program at 6am (CT). Always good to visit with my friends down in Kansas and I'm looking forward to our [...]

Out of Office

2022-04-05T09:01:47-05:00April 5th, 2022|Quick Takes|

I will be out of the office from roughly 9am (CT) to 12pm (CT). I'll still have access to email and text. If you need assistance please call Ben at (402) 618-1180 Thanks, and I'll talk to you soon.

RFD-TV Reminder

2022-04-05T06:48:59-05:00April 5th, 2022|Quick Takes|

It's another Tuesday Morning meaning I'll be on RFD-TV again at 8:15 (CT) talking markets. As always sponsored by my friends at Barchart. A lot to talk about this morning, though don't be surprised if the discussion is dominated by [...]

Export Sales Announcements

2022-04-04T08:05:42-05:00April 4th, 2022|Quick Takes|

USDA announced a sale of 1,084,000 mt (42.7 mb) of corn to China. Of this, 676,000 mt (26.6 mb) were for 2021-2022 with 408,000 mt (16.1 mb) for 2022-2023. It will be interesting to see how spreads trade Monday morning’s [...]

Sunday Evening Markets

2022-04-03T19:14:16-05:00April 3rd, 2022|Quick Takes|

Good evening everyone. Weekend news brought us some horrific images from liberated towns and cities in Ukraine. We'll see what additional sanctions, if any, get placed on Russia. Additionally, a couple of Putin's lackeys have claimed victory in their respective [...]

March Jobs Numbers

2022-04-01T08:13:33-05:00April 1st, 2022|Quick Takes|

Another day, another set of government numbers to argue over. Friday saw the release of the nonfarm payroll number for March, coming in at 431,000 as compared to a pre-report estimate of 490,000. While economists will argue about all the [...]

More Fireworks

2022-03-30T08:20:03-05:00March 30th, 2022|Quick Takes|

It was another morning of fireworks in the commodity complex, again having to do with news out of Ukraine. The latest headlines are of Russian troops again shelling cities, confirming concerns expressed by the US administration and governing body of [...]

Export Sale Announcement

2022-03-30T08:05:16-05:00March 30th, 2022|Quick Takes|

USDA announced a sale of 128,000 mt (4.7 mb) of 2022-2023 soybeans to Mexico. I thought my idea of old-crop soybean cancellations or rolling had blown up again, then I saw this sale was for new-crop 2022-2023.

RFD-TV Reminder

2022-03-30T07:06:46-05:00March 30th, 2022|Quick Takes|

This is your Wednesday reminder I will be making my weekly appearance on RFD-TV to talk about markets at 8:45 (CT). So far this morning we haven't seen the fireworks that occurred Tuesday around this time. Possible topics include: Real [...]

Why to the What

2022-03-29T08:52:12-05:00March 29th, 2022|Quick Takes|

Tuesday's early morning hours were filled with activity as the commodity complex in general collapsed. Crude oil fell $7.50, palladium plunged $217, and corn and Chicago (SRW) wheat decided to check out daily limits down before intermission. What changed? Recall [...]

RFD-TV Reminder

2022-03-29T07:33:12-05:00March 29th, 2022|Quick Takes|

Your Tuesday reminder I will be on RFD-TV at 8:15 (CT) talking markets. There is a lot to talk about again this week, including: The continued issues with basis markets. Out of balance noncommercial futures positions. Monday's ugly close in [...]

Export Sales Announcements

2022-03-28T08:07:55-05:00March 28th, 2022|Quick Takes|

USDA announced sales of: Soybeans  2021-2022 132,000 mt (4.9 mb)China Corn 2021-2022 77,120 mt (3.0 mb) to unknown destinations and 50,800 mt (2.0 mb) for 2022-2023, also for unknown destinations

Sunday Evening Markets

2022-03-27T19:14:28-05:00March 27th, 2022|Quick Takes|

The big news over the weekend is US President Biden ad libbing the line Russia's leader Putin "cannot remain in power" while in Poland Saturday. While there has been all kinds of hullabaloo raised over the comments and walk-backs by [...]

Export Sale Announcement

2022-03-25T08:09:06-05:00March 25th, 2022|Quick Takes|

USDA announced a sale of 132,000 mt (4.9 mb) of 2021-2022 soybeans to China. This could still be tied to the commercial buying seen in the May-July soybean spread from Wednesday.

Export Sale Announcement

2022-03-24T08:03:30-05:00March 24th, 2022|Quick Takes|

USDA announced a sale of 318,200 mt (11.7 mb) of 2021-2022 soybeans to unknown destinations. This fits with the commercial buying seen in the May-July soybean spread Wednesday.

RFD-TV Reminder

2022-03-23T08:29:10-05:00March 23rd, 2022|Quick Takes|

Your weekly reminder I will be appearing on RFD-TV at 8:45 (CT) this morning, as always sponsored by my friends at Barchart. A lot to talk about again, and if I get into the discussion on national average basis it [...]

Export Sales Announcements

2022-03-22T08:04:40-05:00March 22nd, 2022|Quick Takes|

USDA announced a sale of 240,000 mt (8.8 mb) of 2021-2022 soybeans to unknown destinations. I’m a bit surprised by this. The May-July soybean spread has been under pressure of late. My latest calculation of US available stocks-to-use was record [...]

RFD-TV Reminder

2022-03-22T07:08:10-05:00March 22nd, 2022|Quick Takes|

Recall for Morning Commentary when I said I do not play an economist on tv. Well, this is your weekly reminder you can watch me not play an economist on tv during my Tuesday appearance on RFD-TV at 8:15 (CT). [...]

Sunday Evening Markets

2022-03-20T19:14:00-05:00March 20th, 2022|Quick Takes|

Financial markets are relatively quiet to start the week, almost as if traders are waiting to see what develops with talks between Ukraine and Russia this coming week, if such talks occur at all. As I was typing this out, [...]

RFD-TV Reminder

2022-03-16T07:30:29-05:00March 16th, 2022|Quick Takes|

It's Wednesday, so that means I'll be making my weekly appearance on RFD-TV at 8:45 (CT), talking markets. A lot to talk about again today including: The expected interest rate hike by the US Federal Reserve later in the day [...]

Media Reminder

2022-03-15T06:12:46-05:00March 15th, 2022|Quick Takes|

This is your Tuesday reminder I will be talking markets on RFD-TV at 8:15 (CT), as always sponsored by my friends at Barchart. Also, I'll be on the radio with Agriculture of America talk show at 9:15 (CT) this morning, [...]

Sunday Evening Markets

2022-03-13T19:06:25-05:00March 13th, 2022|Quick Takes|

There is some chatter regarding Sunday evening markets are indicating headway has been made toward a resolution of the war in Ukraine. I have not seen any headlines to that effect. Also, I was forwarded a message about Argentina possibly [...]

USDA March Supply and Demand

2022-03-09T11:18:30-06:00March 9th, 2022|Quick Takes|

I few tidbits: In its WASDE numbers, USDA Decreased its projected corn exports from Ukraine by 5.5 mmt, or roughly 18% This is a sizable reduction Decreased its projected wheat exports from Ukraine by 4 mmt (17%) and Russia by [...]

Media Timeout

2022-03-09T07:19:20-06:00March 9th, 2022|Quick Takes|

It's Wednesday, meaning I'll be back on RFD-TV at 8:45 (CT) this morning, as always sponsored by my friends at Barchart. A lot of real fundamentals to talk about today, leaving the make-believe version for everyone else in the industry [...]

Export Sales Announcements

2022-03-08T08:08:20-06:00March 8th, 2022|Quick Takes|

USDA announced sales of: 126,000 mt (4.6 mb) of 2021-2022 soybeans to unknown destinations 132,000 mt (4.9 mb) of 2022-2023 soybeans to China 193,000 mt (7.1 mb) of 2022-2023 hard red spring wheat to the Philippines

RFD-TV Reminder

2022-03-08T07:05:07-06:00March 8th, 2022|Quick Takes|

Your weekly reminder I will be making my Tuesday appearance on RFD-TV at 8:15 (CT), as always sponsored by my friends at Barchart. A lot to talk about again this week: The collapse in winter wheat basis. Brings back memories [...]

Corn Concerns

2022-03-07T09:39:49-06:00March 7th, 2022|Quick Takes|

As I discussed in Weekly Analysis of Corn over the weekend, I have concerns about the market. Noncommercial traders Last Friday's CFTC Commitments of Traders report showed this group increasing their net-long futures position, but... they did it by decreasing [...]

Sunday Evening Markets

2022-03-06T17:58:03-06:00March 6th, 2022|Quick Takes|

The energy complex has skyrocketed early Sunday evening on weekend headlines the US and its Western allies are thinking of sanctioning Russia's oil and gas industry. It is a necessary move to put more pressure on Russia's Putin, but it [...]

Export Sales Announcements

2022-03-04T08:12:20-06:00March 4th, 2022|Quick Takes|

USDA announced 2021-2022 soybean sales of: 106,000 mt (3.9 mb) to China 108,600 mt (4.0 mb) to Mexico and 125,000 mt (4.6 mb) to unknown destinations  

February Jobs Numbers

2022-03-04T07:46:16-06:00March 4th, 2022|Quick Takes|

The February nonfarm payroll report showed the US added 678,000 jobs over the course of the month, well above a pre-report estimate of 440,000 and adjusted January number of 481,000. Meanwhile, the US unemployment rate dropped to 3.8% from last [...]

Export Sales Announcements

2022-03-03T08:12:29-06:00March 3rd, 2022|Quick Takes|

Keep in mind what we've seen recently in old-crop May-July corn and soybean futures spreads. The markets have been telling us commercial interests are buying. Export Sales: USDA announced a sale of 132,000 mt (4.9 mb) of soybeans to China [...]

Radio Ga Ga

2022-03-03T05:53:55-06:00March 3rd, 2022|Quick Takes|

I will be on the WIBW Radio (Topeka, KS) Ag Issues program at 6 am (CT). I hope you can join us.

Export Sales Announcements

2022-03-02T08:20:27-06:00March 2nd, 2022|Quick Takes|

Do you recall the recent commercial buying in old-crop soybeans (see attached May-July spread chart)? Export Sales: USDA announced sales of: 2021-2022 Unknown Destinations: 198,000 mt (7.3 mb) China: 198,000 mt (7.3 mb) 2022-2023 Unknown Destinations: 66,000 mt (2.4 mb) [...]

RFD-TV Reminder

2022-03-02T07:08:21-06:00March 2nd, 2022|Quick Takes|

I will be appearing on RFD-TV Wednesday morning at 8:45 (CT), as always sponsored by my friends at Barchart. There is so much to talk about again today, with headlines changing by the minute . Middle East, particularly Egypt, looking [...]

RFD-TV Reminder

2022-03-01T06:40:14-06:00March 1st, 2022|Quick Takes|

I will be appearing on RFD-TV Tuesday morning at 8:15 (CT), as always sponsored by my friends at Barchart. Possible topics: The worsening situation in Ukraine The ripple effects on global energy and wheat markets The DNAI Monthly Available Stocks-to-Use [...]

Export Sales Announcements

2022-02-28T08:04:22-06:00February 28th, 2022|Quick Takes|

USDA announced a sale of 136,000 mt (5.0 mb) of 2022-2023 soybeans to China and 120,000 mt (4.4 mb) of 2021-2022 soybeans to unknown destinations. A bullish sign, sales instead of cancellations.

Sunday Evening Markets

2022-02-27T20:03:48-06:00February 27th, 2022|Quick Takes|

It has been an electrifying first hour of trade in the grain and oilseed sector: May Chicago (SRW) wheat hit its expanded daily limit 75 cents up  shortly after the open before backing off to a gain of 54 cents [...]

What a Weekend

2022-02-27T17:20:48-06:00February 27th, 2022|Quick Takes|

No sooner had the markets closed Friday than Saturday found increased global sanctions, including from the US, being placed on Russia, including the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on two of the country's central banks. The bottom line [...]

Export Sales Announcements

2022-02-25T08:08:38-06:00February 25th, 2022|Quick Takes|

USDA announced a sale of 285,000 mt (10.5 mb) of soybeans to unknown destinations with 159,000 mt (5.9 mb) for 2021-2022 and 126,000 mb (4.6 mb) for 2022-2023. Additionally, 334,000 mt (12.3 mb) of 2022-2023 soybeans to China.

And Now, a Word From China

2022-02-24T12:00:17-06:00February 24th, 2022|Quick Takes|

CNBC's Beijing Bureau Chief Eunice Yoon just did a solid update, informing the world that China continues to support Russia, refusing to call the overnight move an invasion. Instead, Beijing is sticking to the Kremlin's script and calling it a [...]

Ukraine Update

2022-02-24T02:42:25-06:00February 24th, 2022|Quick Takes|

Ukraine is being invaded by Russian forces on its north, east and south borders. Key infrastructure including military bases and airports were targeted first with missile strikes throughout Ukraine. Russian paratroopers have begun to land near key cities. Cyber-attacks continue [...]

RFD-TV Reminder

2022-02-23T07:18:51-06:00February 23rd, 2022|Quick Takes|

This is your weekly reminder I will be on RFD-TV Wednesday morning at 8:45 (CT), as always sponsored by my friends at Barchart. So much to talk about again today, and not all of it grain related: Commercial selling in [...]

Export Sales Announcements

2022-02-22T08:05:42-06:00February 22nd, 2022|Quick Takes|

USDA announced sales of 132,000 mt (4.9 mb) of 2022-2023 soybeans to China. Also, 120,000 mt (4.4 mb) of HRW wheat to Nigeria, evenly split between 2021-2022 and 2022-2023.

Tuesday Morning Update

2022-02-22T07:06:15-06:00February 22nd, 2022|Quick Takes|

A good friend sent me a question, "Is it too late to sanction Russia? Doesn't it take time for these to take effect?" Recall from my recent Weekly Columns that, in my opinion, US President Biden has played his cards [...]

Monday Evening Markets

2022-02-21T19:15:52-06:00February 21st, 2022|Quick Takes|

Markets are reaction Monday evening to news Russian troops are pushing into separatist territories of eastern Ukraine. WTI crude oil is up $2.75 (3.0%), while Brent has rallied $2.84 (also 3.0%) Natural gas is up another 36.0 cents (8.1%) Gold [...]

Sunday Evening Activity

2022-02-20T18:34:15-06:00February 20th, 2022|Quick Takes|

The grain and oilseed sector is closed until 19:00 (CT) Monday evening, but there are some markets open Sunday. The US dollar index is sitting at unchanged from Friday's close while the euro is showing a small loss. The Canadian [...]

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