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feed-grains soy-oilseeds wheat

Market Commentary: Spread Trade Supports Wheat, Pressures Corn; Hogs Post Bearish Reversal

April could be one of the most volatile months of trading for 2021. Last week’s reports certainly surprised the market and traders are once again bracing for the April WASDE that will be released Friday. Typically, the April WASDE isn’t a major market-moving report, but this year could be different given the market’s extreme sensitivity with a low soybean carry-out figure.  Traders were both reacting to last week’s reports as well as positioning for Friday’s WASDE during Monday’s trade. Old crop corn futures were lower as pressure mounted from bull wheat/corn spreads and from unwinding of existing old crop/new crop bull corn spreads. Soybeans and soyoil posted modest gains but traded relatively beni...

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feed-grains soy-oilseeds wheat

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Good Friday

Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

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