PM Post - Profit-taking
THE OPEN November beans: 9 higher December meal: 3.50 higher December soyoil: 7 higher December corn: 1 higher December wheat: 2 1/4 higher Prices opened as expected with soyoil futures trading into the red at the start of the day and overbought charts prompting ea...
AM Outlook - Buying the Open
GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it. The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...
Technical Views - Technically Higher
SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%. Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c. Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c. Dec wheat/corn trades fr...
PM Post - Still No Reversal
THE OPEN November beans: 2 1/4 lower December meal: .40 lower December soyoil: 3 lower December corn: 1 14/ lower December wheat: 1 3/4 lower The markets opened as called and jumped either side of even with beans and corn supported by good export sales and more bus...
AM Outlook - Lower Open on Profit-taking
GOOD MORNING, Prices were stronger with beans rallying higher as more rumors of Chinese business hit the wires. The outlook for China's bean and corn imports continues to be friendly for prices, particularly since China's production outlook was lowered due to multiple typhoons impacting c...
Technical Views - Market Support
SPREADS Dec crush trades to 88.99c/bu while oilshare trades to 34.91%. Dec/Dec corn trades from 16 1/2c back out to 18 3/4c. Dec/March corn trades from 8 3/4c to 9 1/4c. Nov/Jan bean spread trades from 3 3/4c to 4 1/2c. Dec/March meal from $1.10 out to $2.00. Dec w...
PM Post - Bull Run Continues
THE OPEN November beans: 6 1/2 higher December meal; 3.90 higher December soyoil: 15 higher December corn: 1 higher December wheat: 1 1/2 lower The markets turned higher after the start of the trading session with beans in the lead again. December soyo...
AM Outlook - Good Bull Markets Take Breaks
GOOD MORNING, Funds were net sellers across the board yesterday on overbought concerns and the fact that for once beans could not turn the rally back to new contract highs. But all good bull markets need and deserve a break. Funds sold modest amounts across the board, not challengin...
Technical Views - Mixed Day
SPREADS Dec crush trades to 89.25c/bu while oilshare trades lower down to 34.66%. Dec/Dec corn trades slightly weaker from 20 1/2c to 22 1/4c, while Dec/March narrows into 9 1/2c from 10c. Nov/Jan beans trade from 4c to 4 3/4c after firming into 2 1/2c. Dec/March meal trades f...
PM Post - Appropriate Corrections
THE OPEN Nov beans: 2 3/4 higher Dec meal: .30 higher Dec soyoil: 40 higher Dec corn: 1 1/2 lower Dec wheat: 4 3/4 lower The markets opened as called but the expectation for increased harvest and overbought markets sent prices into a badly needed round of profit-ta...
AM Outlook - Still Firm
GOOD MORNING, Prices continue to remain well bid with no reversal signals in sight. China continues to be around the market, Black Sea vegoil values are rising, and dryness in various parts of the world continue to add to worries over production. Funds continue to own the market in...
Technical Views - Give and Take
SPREADS November crush trades to 74.68c/bu while oilshare is slightly over 35.0% to 35.12%. Dec/Dec corn trades from 19 1/2c to 20 1/2c, while Dec/March trades from 9 1/4c to 9 1/2c. Nov/Jan beans trade out to 4 1/2c from 3 1/2c, while the Jan/March inverse trades weaker from 1 3/4c...
PM Post - Profit-taking
THE OPEN November beans: 9 higher December meal: 3.50 higher December soyoil: 7 higher December corn: 1 higher December wheat: 2 1/4 higher Prices opened as expected with soyoil futures trading into the red at the start of the day and overbought charts prompting ea...
AM Outlook - Buying the Open
GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it. The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...
Technical Views - Technically Higher
SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%. Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c. Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c. Dec wheat/corn trades fr...
PM Post - Still No Reversal
THE OPEN November beans: 2 1/4 lower December meal: .40 lower December soyoil: 3 lower December corn: 1 14/ lower December wheat: 1 3/4 lower The markets opened as called and jumped either side of even with beans and corn supported by good export sales and more bus...
AM Outlook - Lower Open on Profit-taking
GOOD MORNING, Prices were stronger with beans rallying higher as more rumors of Chinese business hit the wires. The outlook for China's bean and corn imports continues to be friendly for prices, particularly since China's production outlook was lowered due to multiple typhoons impacting c...
Technical Views - Market Support
SPREADS Dec crush trades to 88.99c/bu while oilshare trades to 34.91%. Dec/Dec corn trades from 16 1/2c back out to 18 3/4c. Dec/March corn trades from 8 3/4c to 9 1/4c. Nov/Jan bean spread trades from 3 3/4c to 4 1/2c. Dec/March meal from $1.10 out to $2.00. Dec w...
PM Post - Bull Run Continues
THE OPEN November beans: 6 1/2 higher December meal; 3.90 higher December soyoil: 15 higher December corn: 1 higher December wheat: 1 1/2 lower The markets turned higher after the start of the trading session with beans in the lead again. December soyo...
AM Outlook - Good Bull Markets Take Breaks
GOOD MORNING, Funds were net sellers across the board yesterday on overbought concerns and the fact that for once beans could not turn the rally back to new contract highs. But all good bull markets need and deserve a break. Funds sold modest amounts across the board, not challengin...
Technical Views - Mixed Day
SPREADS Dec crush trades to 89.25c/bu while oilshare trades lower down to 34.66%. Dec/Dec corn trades slightly weaker from 20 1/2c to 22 1/4c, while Dec/March narrows into 9 1/2c from 10c. Nov/Jan beans trade from 4c to 4 3/4c after firming into 2 1/2c. Dec/March meal trades f...
PM Post - Appropriate Corrections
THE OPEN Nov beans: 2 3/4 higher Dec meal: .30 higher Dec soyoil: 40 higher Dec corn: 1 1/2 lower Dec wheat: 4 3/4 lower The markets opened as called but the expectation for increased harvest and overbought markets sent prices into a badly needed round of profit-ta...
AM Outlook - Still Firm
GOOD MORNING, Prices continue to remain well bid with no reversal signals in sight. China continues to be around the market, Black Sea vegoil values are rising, and dryness in various parts of the world continue to add to worries over production. Funds continue to own the market in...
Technical Views - Give and Take
SPREADS November crush trades to 74.68c/bu while oilshare is slightly over 35.0% to 35.12%. Dec/Dec corn trades from 19 1/2c to 20 1/2c, while Dec/March trades from 9 1/4c to 9 1/2c. Nov/Jan beans trade out to 4 1/2c from 3 1/2c, while the Jan/March inverse trades weaker from 1 3/4c...