PM Post - Wheatie Surprise
THE OPEN November beans: 1/4 lower December meal: .70 lower December soyoil: 19 higher December corn: 1 lower September wheat: 3 1/2 higher The markets opened as expected with a firmer note in wheat on reported sales to China. Traders were back to buying oils...
Technical Views - Mixed Ahead of Report
SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%. Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c. Sep/Dec wheat trades into 4 1/4c from 5 1/4c. August /Nov beans narrows into 3 1/2c from 5 1/2c. Sep wheat/corn trades from...
AM Outlook - Weather More than WASDE
GOOD MORNING, It is report day and all the markets have been on good rallies. Report time is 11:00 central. The crop yields are not expected to change much, as this report typically does not reflect such historically. The lower and surprising June acreage numbers will be incor...
PM Post - Position Evening Ahead of Report
THE OPEN November beans: 10 1/2 higher December meal: 4.40 higher December soyoil: 14 higher December corn: 6 3/4 higher September wheat: 4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat. Traders retu...
Technical Views - Chop Ahead of the Report
SPREADS Sep. crush trades to 76.89c/bu while oilshare trades to 32.43%. Sep/Dec corn narrows into 7 1/4c from 8c, while Sep/Dec wheat trades into 2c from 5 3/4c. Sep wheat /corn trades from 1.73 1/2c down to 1.66c. Sep/Dec meal trades from $5.80 to $5.20. PAL...
AM Outlook - Weather Push
GOOD MORNING, Prices are firmer this as temperatures next week are forecast to be hotter than this week. Rains are crossing parts of the Midwest, but it is not a soaking event that alleviates all dryness. Spreads are mostly firmer. The wheat rally continues as more shorts cove...
PM Post - Wheat Whets the Market
THE OPEN November beans: 4 3/4 lower December meal: 1.40 lower December soyoil: 9 lower December corn: 1 3/4 lower September wheat: 4 1/2 higher The markets were mixed today but spread activity was apparent as former buy bean/sell wheat trade reversed itself. ...
Technical Views - Mostly Lower in Ranges
SPREADS Sep. crush trades to 76.68/barrel while oilshare moves up to 32.87% on soyoil strength. Could look for further oilshare strength today, and move back over 33.0%. Sep/Dec corn narrows into 8 1/2c from 9c, while Sep/Dec wheat trades into 6c from 7c. Sep wheat/corn trades...
AM Outlook - Mostly Lower
GOOD MORNING, Prices are mostly lower as the July 10 WASDE is ready to open with a new set of new numbers for market digestion. Weather remains hot and dry, though a few rounds of rainfall fell across parts of the Midwest. After Friday the forecast turns hot and dry again. For...
PM Post - Weathered Lower
THE OPEN November beans: 2 1/2 lower December meal: steady December soyoil: 33 lower December corn: 4 lower December wheat: 3/4 lower The markets owned as called with prices turned mixed after the open as recent shorts covered beans and new buyers were attempting t...
Technical Views - Marching the Numbers
SPREADS Sep. crush trades up to 77c/bu while oilshare values are weaker at 32.19%. Spreads are slightly wider with Sep/Dec. corn trading out to 9 3/4c from 8 3/4c. Sep wheat/corn trades from 1.48 1/2c to 1.50c. August / Nov beans trades firmer into 6 1/2c from 8c. Sep/De...
AM Outlook - Chart Back-filling
GOOD MORNING, Prices are generally lower this morning on neutral crop progress conditions and chart back-filling from recent highs. Oilshare continues to soften as traders buy meal/sell soyoil on better meal demand. Chinese meal prices closed higher as well as they continue to follo...
PM Post - Wheatie Surprise
THE OPEN November beans: 1/4 lower December meal: .70 lower December soyoil: 19 higher December corn: 1 lower September wheat: 3 1/2 higher The markets opened as expected with a firmer note in wheat on reported sales to China. Traders were back to buying oils...
Technical Views - Mixed Ahead of Report
SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%. Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c. Sep/Dec wheat trades into 4 1/4c from 5 1/4c. August /Nov beans narrows into 3 1/2c from 5 1/2c. Sep wheat/corn trades from...
AM Outlook - Weather More than WASDE
GOOD MORNING, It is report day and all the markets have been on good rallies. Report time is 11:00 central. The crop yields are not expected to change much, as this report typically does not reflect such historically. The lower and surprising June acreage numbers will be incor...
PM Post - Position Evening Ahead of Report
THE OPEN November beans: 10 1/2 higher December meal: 4.40 higher December soyoil: 14 higher December corn: 6 3/4 higher September wheat: 4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat. Traders retu...
Technical Views - Chop Ahead of the Report
SPREADS Sep. crush trades to 76.89c/bu while oilshare trades to 32.43%. Sep/Dec corn narrows into 7 1/4c from 8c, while Sep/Dec wheat trades into 2c from 5 3/4c. Sep wheat /corn trades from 1.73 1/2c down to 1.66c. Sep/Dec meal trades from $5.80 to $5.20. PAL...
AM Outlook - Weather Push
GOOD MORNING, Prices are firmer this as temperatures next week are forecast to be hotter than this week. Rains are crossing parts of the Midwest, but it is not a soaking event that alleviates all dryness. Spreads are mostly firmer. The wheat rally continues as more shorts cove...
PM Post - Wheat Whets the Market
THE OPEN November beans: 4 3/4 lower December meal: 1.40 lower December soyoil: 9 lower December corn: 1 3/4 lower September wheat: 4 1/2 higher The markets were mixed today but spread activity was apparent as former buy bean/sell wheat trade reversed itself. ...
Technical Views - Mostly Lower in Ranges
SPREADS Sep. crush trades to 76.68/barrel while oilshare moves up to 32.87% on soyoil strength. Could look for further oilshare strength today, and move back over 33.0%. Sep/Dec corn narrows into 8 1/2c from 9c, while Sep/Dec wheat trades into 6c from 7c. Sep wheat/corn trades...
AM Outlook - Mostly Lower
GOOD MORNING, Prices are mostly lower as the July 10 WASDE is ready to open with a new set of new numbers for market digestion. Weather remains hot and dry, though a few rounds of rainfall fell across parts of the Midwest. After Friday the forecast turns hot and dry again. For...
PM Post - Weathered Lower
THE OPEN November beans: 2 1/2 lower December meal: steady December soyoil: 33 lower December corn: 4 lower December wheat: 3/4 lower The markets owned as called with prices turned mixed after the open as recent shorts covered beans and new buyers were attempting t...
Technical Views - Marching the Numbers
SPREADS Sep. crush trades up to 77c/bu while oilshare values are weaker at 32.19%. Spreads are slightly wider with Sep/Dec. corn trading out to 9 3/4c from 8 3/4c. Sep wheat/corn trades from 1.48 1/2c to 1.50c. August / Nov beans trades firmer into 6 1/2c from 8c. Sep/De...
AM Outlook - Chart Back-filling
GOOD MORNING, Prices are generally lower this morning on neutral crop progress conditions and chart back-filling from recent highs. Oilshare continues to soften as traders buy meal/sell soyoil on better meal demand. Chinese meal prices closed higher as well as they continue to follo...