PM Post - Washout
THE OPEN July beans: 20 lower July meal: 6.20 lower July soyoil: 64 lower July corn: 17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion...
AM Outlook - Weather, Stocks and Funds
GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend. The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn. End-users continue...
Technical Views - All Going Down
SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%. Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c. July /Dec meal is weaker trading down to $24.50 from $28.50. July/Dec corn trades from 1.23c down to 1.12 3/4c inverse. July...
PM Post - Mixed Bag
THE OPEN July beans: 19 higher July meal: 1.40 higher July soyoil: 99 higher July corn: 1 higher July wheat: 5 lower The markets opened as called but bean prices traded sharply higher and into new contract highs into the morning trade along with soyoil. Grain...
AM Outlook - WASDE a Reference, Not the Bible
GOOD MORNING, The bulls continue to roll on with more strength overnight emanating from a strong close and reversal from Monday's weakness that more or less aided in defining trading range lows. The May Supply and Demand report will be released at 11:00 central time. The reaction to...
Technical Views - Two Sides of a Report
SPREADS July crush falls to 74.32c/bu while oilshare trades higher to 42.24%. Bull spreads see more strength with Jul/Nov beans trading up to 2.04 3/4, past the prev. high of 2.00c. July /Dec meal trades to a new high of $29.60 inverse from $25.70. July/Dec corn trades to a hi...
PM Post - Air in the Market but Bottom Found
THE OPEN July beans: 10 higher July meal: 6.20 higher July soyoil: 13 lower Jul corn: 12 higher July wheat: 10 higher The markets opened as expected but buying came flooding back to the markets as funds appeared to buy back what they liquidated yesterday.&nbs...
AM Outlook - Bears versus Bulls
GOOD MORNING, After remaining mostly steadfast in their fund positions over the last few weeks, the funds finally decided to liquidate a portion of their positions heading into the Wed. USDA report at 11:00 central time yesterday. After a lower start to the evening, prices worked back hig...
Technical Views - Mostly Higher
SPREADS July crush is trading at 84.58c/bu while oilshare trades to 41.69% as it continues to correct. July /Nov bean spread bounces back to 1.81 3/4c from 1.73 1/2c and closes at the highs. Would look for further strength. Jly/Dec corn trades up to 1.09c from a...
PM Post - Healthy Consolidation
THE OPEN July beans: 1 lower July meal: .80 lower July soyoil: 14 lower July corn: 5 lower July wheat: 15 lower Prices opened as expected with more selling in wheat futures and oilshare. Better weekend weather and a very important May 12 USD...
AM Outlook - Correction Mode
GOOD MORNING, The overnight markets were in correction mode for the PM session, led by wheat as better weekend rains were noted. The markets closed mixed, and spreads are firming again. The markets remain in technically driven mode and still have the fundamentals to back a bul...
Technical Views - Some Higher, Some Lower
SPREADS July crush trades to 88.94c/bu while oilshare trades to 42.18%. Spreads are higher this morning with July/Nov bean inverse firming to 1.65c from 1.56c, while July /Dec meal trades to $23.60 from PM lows of $21.30. July/Dec corn strengthens to 1.05 3/4c after selling of...
PM Post - Washout
THE OPEN July beans: 20 lower July meal: 6.20 lower July soyoil: 64 lower July corn: 17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion...
AM Outlook - Weather, Stocks and Funds
GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend. The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn. End-users continue...
Technical Views - All Going Down
SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%. Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c. July /Dec meal is weaker trading down to $24.50 from $28.50. July/Dec corn trades from 1.23c down to 1.12 3/4c inverse. July...
PM Post - Mixed Bag
THE OPEN July beans: 19 higher July meal: 1.40 higher July soyoil: 99 higher July corn: 1 higher July wheat: 5 lower The markets opened as called but bean prices traded sharply higher and into new contract highs into the morning trade along with soyoil. Grain...
AM Outlook - WASDE a Reference, Not the Bible
GOOD MORNING, The bulls continue to roll on with more strength overnight emanating from a strong close and reversal from Monday's weakness that more or less aided in defining trading range lows. The May Supply and Demand report will be released at 11:00 central time. The reaction to...
Technical Views - Two Sides of a Report
SPREADS July crush falls to 74.32c/bu while oilshare trades higher to 42.24%. Bull spreads see more strength with Jul/Nov beans trading up to 2.04 3/4, past the prev. high of 2.00c. July /Dec meal trades to a new high of $29.60 inverse from $25.70. July/Dec corn trades to a hi...
PM Post - Air in the Market but Bottom Found
THE OPEN July beans: 10 higher July meal: 6.20 higher July soyoil: 13 lower Jul corn: 12 higher July wheat: 10 higher The markets opened as expected but buying came flooding back to the markets as funds appeared to buy back what they liquidated yesterday.&nbs...
AM Outlook - Bears versus Bulls
GOOD MORNING, After remaining mostly steadfast in their fund positions over the last few weeks, the funds finally decided to liquidate a portion of their positions heading into the Wed. USDA report at 11:00 central time yesterday. After a lower start to the evening, prices worked back hig...
Technical Views - Mostly Higher
SPREADS July crush is trading at 84.58c/bu while oilshare trades to 41.69% as it continues to correct. July /Nov bean spread bounces back to 1.81 3/4c from 1.73 1/2c and closes at the highs. Would look for further strength. Jly/Dec corn trades up to 1.09c from a...
PM Post - Healthy Consolidation
THE OPEN July beans: 1 lower July meal: .80 lower July soyoil: 14 lower July corn: 5 lower July wheat: 15 lower Prices opened as expected with more selling in wheat futures and oilshare. Better weekend weather and a very important May 12 USD...
AM Outlook - Correction Mode
GOOD MORNING, The overnight markets were in correction mode for the PM session, led by wheat as better weekend rains were noted. The markets closed mixed, and spreads are firming again. The markets remain in technically driven mode and still have the fundamentals to back a bul...
Technical Views - Some Higher, Some Lower
SPREADS July crush trades to 88.94c/bu while oilshare trades to 42.18%. Spreads are higher this morning with July/Nov bean inverse firming to 1.65c from 1.56c, while July /Dec meal trades to $23.60 from PM lows of $21.30. July/Dec corn strengthens to 1.05 3/4c after selling of...