PM Post - Bailing Out for the Weekend
THE OPEN November beans: 5 lower December meal: 3.80 lower December soyoil: 90 higher December corn: 1 1/4 lower December wheat: 3 3/4 higher The markets opened as expected with more profit-taking as funds remain long and the weaker technical picture, lower demand...
AM Outlook - Unwinding
GOOD MORNING, Prices are mixed this morning with higher oilshare and soyoil and firm wheat, vs. weaker beans, meal, and corn. Traders were busy unwinding previous oilshare values this week on the back of the Administration's delay to defining biofuel mandates, but that correction se...
Technical Views - Still Sideways
SPREADS We continue to see positive crush margins in the US, with August at 99c/bu and Sep. at 1.31c/bu. August oilshare trades to 47.70% and Sep. is at 47.25%. Sep/Dec meal trades from $3.40 carry out to $3.90. August/Nov bean inverse trades from a low of 49 1/4c up to 54 1/4...
PM Post - Weather or Not
THE OPEN November beans: 25 lower December meal: 5.60 lower December soyoil: 130 pts lower December corn: 13 lower December wheat: 14 lower Prices opened lower as values overall remain in large sideways patterns. End-users sought coverage as weather still remains questio...
AM Outlook - Weathered Downward
GOOD MORNING, Prices took a turn lower as selling surfaced in Minneapolis wheat as rains crossed areas of Canada and the Great Lakes region. Minneapolis Sep. wheat travels 60c off the highs on Monday. Canola futures are lower as well, taking soyoil prices down with it. P...
Technical Views - Sideways and Lower
SPREADS August crush trades to 95c/bu while oilshare trades to 46.76%. Sep/Dec corn trades up to 4 1/2c from 3 1/2c while Dec/March carry trades from 7c out to 7 1/2c. Sep/Dec wheat trades from 8 1/2c out to 9c. Dec wheat/corn trades from 1.52 1/2c down to 1.44 1/2c.&nbs...
PM Post - Trading Ranges Affirmed
THE OPEN November beans: 2 higher December meal: 3.70 higher December soyoil: 70 lower December corn: 5 higher December wheat: 5 1/2 higher The markets opened as called but continued the same overnight action with soyoil futures breaking more which took beans lower...
AM Outlook - Grains Firmer; Soyoil Weaker
GOOD MORNING, Prices are mixed, with soyoil lower and more buy meal/sell soyoil spread trade. After the close yesterday, the EPA announced they would delay the release of biofuel mandate targets. The White House has delayed an annual process meant to decide how much ethanol and othe...
Technical Views - Finding Values
SPREADS August crush trades to 99c/bu while oilshare trades to 47.27%. Sep crush is 1.28c/bu with oil share at 46.77%. Sep/Dec corn inverse trades in the red from 5 1/4c to 6 1/4c, while Dec/March is firmer from 7c to 7 1/4c carry. Sep/Dec meal trades from $3.70 out to $...
PM Post - Rebound but Directional Strength is Weak
THE OPEN November beans: 18 higher December meal: 4.50 higher December soyoil: 67 higher December corn: 13 1/4 higher December wheat: 18 3/4 higher The markets opened higher and continued to keep nightly gains into midday with corn prices extending towards gap-fill...
Am Outlook - Rebound
GOOD MORNING, Commodities and equities saw a nice rebound to start the night. All posted gains at the start of the trading session, including soyoil. Gains in soyoil outpaced meal, as has been the case backing oilshare, while wheat prices traded higher as well maintaining recent gai...
Technical Views - Retracement and Filling Gaps
SPREADS August crush trades to 97.28c/bu while oilshare trades to 47.87%. Sep oilshare trades to 47.27%. Sep/Dec corn spread is firmer with an inverse from 3 1/2c to 4 3/4c, while Dec/March carry narrows into 7c from 7 1/4c. August /Nov bean inverse finds lower values at 52c f...
PM Post - Bailing Out for the Weekend
THE OPEN November beans: 5 lower December meal: 3.80 lower December soyoil: 90 higher December corn: 1 1/4 lower December wheat: 3 3/4 higher The markets opened as expected with more profit-taking as funds remain long and the weaker technical picture, lower demand...
AM Outlook - Unwinding
GOOD MORNING, Prices are mixed this morning with higher oilshare and soyoil and firm wheat, vs. weaker beans, meal, and corn. Traders were busy unwinding previous oilshare values this week on the back of the Administration's delay to defining biofuel mandates, but that correction se...
Technical Views - Still Sideways
SPREADS We continue to see positive crush margins in the US, with August at 99c/bu and Sep. at 1.31c/bu. August oilshare trades to 47.70% and Sep. is at 47.25%. Sep/Dec meal trades from $3.40 carry out to $3.90. August/Nov bean inverse trades from a low of 49 1/4c up to 54 1/4...
PM Post - Weather or Not
THE OPEN November beans: 25 lower December meal: 5.60 lower December soyoil: 130 pts lower December corn: 13 lower December wheat: 14 lower Prices opened lower as values overall remain in large sideways patterns. End-users sought coverage as weather still remains questio...
AM Outlook - Weathered Downward
GOOD MORNING, Prices took a turn lower as selling surfaced in Minneapolis wheat as rains crossed areas of Canada and the Great Lakes region. Minneapolis Sep. wheat travels 60c off the highs on Monday. Canola futures are lower as well, taking soyoil prices down with it. P...
Technical Views - Sideways and Lower
SPREADS August crush trades to 95c/bu while oilshare trades to 46.76%. Sep/Dec corn trades up to 4 1/2c from 3 1/2c while Dec/March carry trades from 7c out to 7 1/2c. Sep/Dec wheat trades from 8 1/2c out to 9c. Dec wheat/corn trades from 1.52 1/2c down to 1.44 1/2c.&nbs...
PM Post - Trading Ranges Affirmed
THE OPEN November beans: 2 higher December meal: 3.70 higher December soyoil: 70 lower December corn: 5 higher December wheat: 5 1/2 higher The markets opened as called but continued the same overnight action with soyoil futures breaking more which took beans lower...
AM Outlook - Grains Firmer; Soyoil Weaker
GOOD MORNING, Prices are mixed, with soyoil lower and more buy meal/sell soyoil spread trade. After the close yesterday, the EPA announced they would delay the release of biofuel mandate targets. The White House has delayed an annual process meant to decide how much ethanol and othe...
Technical Views - Finding Values
SPREADS August crush trades to 99c/bu while oilshare trades to 47.27%. Sep crush is 1.28c/bu with oil share at 46.77%. Sep/Dec corn inverse trades in the red from 5 1/4c to 6 1/4c, while Dec/March is firmer from 7c to 7 1/4c carry. Sep/Dec meal trades from $3.70 out to $...
PM Post - Rebound but Directional Strength is Weak
THE OPEN November beans: 18 higher December meal: 4.50 higher December soyoil: 67 higher December corn: 13 1/4 higher December wheat: 18 3/4 higher The markets opened higher and continued to keep nightly gains into midday with corn prices extending towards gap-fill...
Am Outlook - Rebound
GOOD MORNING, Commodities and equities saw a nice rebound to start the night. All posted gains at the start of the trading session, including soyoil. Gains in soyoil outpaced meal, as has been the case backing oilshare, while wheat prices traded higher as well maintaining recent gai...
Technical Views - Retracement and Filling Gaps
SPREADS August crush trades to 97.28c/bu while oilshare trades to 47.87%. Sep oilshare trades to 47.27%. Sep/Dec corn spread is firmer with an inverse from 3 1/2c to 4 3/4c, while Dec/March carry narrows into 7c from 7 1/4c. August /Nov bean inverse finds lower values at 52c f...