General Comments The need for ample soil moisture during corn pollination, combined with the decline in soil moisture levels from abnormally dry to excessively dry, has caused sellers to step away from corn futures contracts. Traders' emotions can be extremely intense in a weather market because much of the trading is now based on reactions to market conditions rather than the result of pre-defined strategies. Being forced by circumstance to react to evolving unknown conditions is not enjoyable. It is difficult to step back, analyze the market and define the most appropriate action under current conditions.Traders should define the probabilities of a trading range once factors such as the following have been analyzed:
The extended we...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
