World Perspectives

Recent Technical Perspectives Analysis

feed-grains soy-oilseeds wheat

PM Post - Corn Supported; Soy Holds

THE OPEN May beans:  1 lower May meal:  1.40 higher May soyoil:  35 lower May corna;  2 1/2 higher May wheat:  5 1/2 higher The markets opened as expected with further gains in wheat on short-covering.  Wheat prices corrected sharply after trading above moving aver...

feed-grains soy-oilseeds wheat

AM Outlook - Report Day!

GOOD MORNING, Report day!  At 11:00 central time traders will see how the new carry-out levels and SA production estimates impact prices.  Funds seemed to be onto something yesterday, with corn prices accelerating from the start of the day.  As mentioned before, fund buying would...

feed-grains soy-oilseeds wheat

Technical Views - Bull Flags, Ascending Triangles

SPREADS July crush trads to 60.25c/bu while oilshare trades to 38.23%.  Spreads are slightly weaker for July/Nov inverse, trading down to 1.33 1/4c, while May/July inverse trades from 5-6c.  July/Dec meal trades from $18.00 inverse to $16.10, while May/July trades from $3.40 out to $3...

feed-grains soy-oilseeds wheat

PM Post - Buying Ahead

THE OPEN May beans: 2 lower May meal:  1.20 lower May soyoil:  5 lower May corn:  6 3/4 higher May wheat:  7 3/4 higher The markets opened as called with a sharp rally in corn leading the way higher for other markets to do much the same.  Wheat futures ran more shorts o...

feed-grains soy-oilseeds wheat

AM Outlook - Grains Firmer; Oilseeds Weaker

GOOD MORNING,  Prices continue to slip into trading ranges in front of the April 9 WASDE report.  Sharply lower soyoil futures were the key to soy complex weakness yesterday, with one wire talking about a hedge fund selling out its soyoil length in front of Friday's report.  Soyo...

feed-grains soy-oilseeds wheat

Technical Views - Grain Strength

SPREADS July crush trades up to 61.86c/bu while oilshare trades to 38.33%.  Goldman Roll begins today.  May/July bean inverse trades down to 5 1/4c from 6 1/4c while July/Nov trades from 1.30 1/2c to 1.35 1/2c.  May/July corn trades from 15 1/4c down to 14 1/4c, while July/Dec tr...

feed-grains soy-oilseeds wheat

PM Post - Timing the Next Climb

THE OPEN May beans:  4 1/2 higher May meal:  1.00 higher May soyoil:  4 higher May corn:  2 3/4 higher May wheat:  1/4 lower Prices opened as called but a shake-out in oilshare pressured bean prices.  Corn gained on beans and wheat found a short-covering bounce int...

feed-grains soy-oilseeds wheat

AM Outlook - Air of Caution

GOOD MORNING, The markets continue to adjust into Friday's WASDE report, which is typically not a market maker.   Prices are mostly firm this morning proceeding still with an air of caution.  On the bear side for beans are China's crushing margins, which are weaker, and slows dem...

feed-grains soy-oilseeds wheat

Technical Views - Within Ranges

SPREADS July crush trades to 59.29c/bu while oilshare trades to 38.80%.  The July/Nov bean inverse trades to 1.40 3/4c from 1.46 3/4c, while May/July trades down to 6 3/4c from 8 1/2c.   July/Dec meal trades from $18.10 to $19.50.  July/Dec corn trades from 58c to 60 1/4c, w...

feed-grains soy-oilseeds wheat

PM Post - Corrections to Downside are Over

THE OPEN May beans:  15 higher May meal:  3.40 higher May soyoil:  1.08 pts higher May corn:  6 higher May wheat:  4 1/4 higher The markets opened as called with trends continuing to show stronger oilshare values and higher bean trade.  Inverses strengthened today...

feed-grains soy-oilseeds wheat

AM Outlook - Firmer Day

GOOD MORNING,  Prices remain well bid overnight with higher oilshare again dominating price action and beans climbing over corn.  Crush continues to struggle, with oilshare still supported on biofuel demand.  Spreads and flat price all recover in overnight action.  Wheat is...

feed-grains soy-oilseeds wheat

Technicals - Pre-Report Positioning

SPREADS July oilshare rises to 38.65% and crush trades up to 59c/bu.  Spreads are firmer with July/Nov trading up to 1.44 1/2c from 1.36 1/2c, and May/July bean inverse trading up to 7 1/2c from 5 1/4c.  July/Dec meal inverse strengthens to $17.30 from $12.50 lows.  July/Dec corn...

feed-grains soy-oilseeds wheat

PM Post - Cautious Air

THE OPEN May beans:  13 1/4 higher May meal:  5.00 higher soyoil:  67 higher May corn:  1 higher May wheat:  5 higher Prices opened as expected with a cautious air from opening values given excellent planting weather for the month of April.  May corn collapses, tra...

feed-grains soy-oilseeds wheat

AM Outlook - Post-Holiday Adjustments

GOOD MORNING, Prices were mostly higher overnight taking back losses from Thursday's holiday shortened session.  Funds are still holding long positions across the board, and were rewarded for their patience via the bullish USDA report.  Weather is not bullish, as warm and dry conditio...

feed-grains soy-oilseeds wheat

Technical Views - Generally Higher

SPREADS July crush trades to 67c/bu while oilshare trades at 38.0%.   The Jly/Nov bean inverse weakens to 1.26 1/2c from 1.38c, while May/July trades down  to 4 1/4c from 5 3/4c.  July/Dec meal trades down to $14.30 from $15.30. July/Dec corn trades down to 52 3/4c from 55 1...

soy-oilseeds wheat

No Technical Perspectives Today; Ag Perspectives will Publish as Usual

Technical Perspectives will resume on April 5...

feed-grains soy-oilseeds wheat

PM Post - Skepticism But Must Be Traded

THE OPEN May beans:  8 higher May meal:  .30 higher May soyoil:  1.25 higher May corn:  3/4 lower May wheat:  2 lower The markets opened as called with the soy complex rebounding off its low pulling corn higher.  Wheat futures continued lower as funds sold as a hed...

feed-grains soy-oilseeds wheat

AM Outlook - Liquidation Yesterday, Reports Today

GOOD MORNING, The market's losses yesterday found many looking for an explanation.  With fundamentals not changing much, would have to consider that the break on the board was actually an across the day commodity selling event.  Not only were Ags lower, but so were many other commodit...

feed-grains soy-oilseeds wheat

Technical Views - Firm on New Lows

SPREADS July crush firms back to 58c/bu while crush trades to 38.10%.   July /Nov beans inverse trades from 1.70 1/4c up to 1.75 1/2c, while May/July congests from 8 1/2c to 10c.   July/Dec corn trades from 70 1/4c inverse to 67 1/2c, while May/July firms to 17 1/4c from 16c...

feed-grains soy-oilseeds wheat

PM Post - Busting Through Support Lines

THE OPEN May beans:  9 lower May meal:  .70 higher May soyoil:  80 lower May corn:  1 lower May wheat:  3 3/4 lower Prices opened lower with more liquidation into the report tomorrow.   The higher US dollar and the slower demand pace from China, along with a b...

feed-grains soy-oilseeds wheat

AM Outlook - Bottom of Ranges Ahead of Tomorrow

GOOD MORNING, Prices continue to leak lower as more funds sell the market in front of the March 31 Stocks/Acreage report.    With everyone in the same boat, (funds long everything but wheat), the only question is whether tomorrow’s numbers force changes to these positions. ...

feed-grains soy-oilseeds wheat

Technical Views - Meal's Day

SPREADS July crush trades to 52c/bu while oilshare sits at 38.31%.  Nov/Jul bean inverse continues to weaken, trading down to 1.75 1/2c from 1.82 1/4c, while May/July trades from 8 1/4c to 7 1/4c.  JulyDec meal inverse trades down to $28.50 from $30.50.  May/July corn inverse tra...

feed-grains soy-oilseeds wheat

PM Post - Soyoil Exception

THE OPEN May beans:  4 1/2 lower May meal:  4.50 lower May soyoil:  12 higher May corn:  5 1/2 lower May wheat:  1 1/4 lower Prices opened as expected but turned softer as the US dollar gained in strength.  Beans and meal dropped lower against higher soyoil, pushin...

feed-grains soy-oilseeds wheat

AM Outlok - Positions Set for Wednesday

GOOD MORNING, Prices are mixed as we head into the Planting Intentions/March1 stocks on Wed at 11:00 central time.  Meal struggles against soyoil futures, while most of the markets remain on the defensive as all head into this major report long.  Oilshare finds some stability as crude...

feed-grains soy-oilseeds wheat

PM Post - Corn Supported; Soy Holds

THE OPEN May beans:  1 lower May meal:  1.40 higher May soyoil:  35 lower May corna;  2 1/2 higher May wheat:  5 1/2 higher The markets opened as expected with further gains in wheat on short-covering.  Wheat prices corrected sharply after trading above moving aver...

feed-grains soy-oilseeds wheat

AM Outlook - Report Day!

GOOD MORNING, Report day!  At 11:00 central time traders will see how the new carry-out levels and SA production estimates impact prices.  Funds seemed to be onto something yesterday, with corn prices accelerating from the start of the day.  As mentioned before, fund buying would...

feed-grains soy-oilseeds wheat

Technical Views - Bull Flags, Ascending Triangles

SPREADS July crush trads to 60.25c/bu while oilshare trades to 38.23%.  Spreads are slightly weaker for July/Nov inverse, trading down to 1.33 1/4c, while May/July inverse trades from 5-6c.  July/Dec meal trades from $18.00 inverse to $16.10, while May/July trades from $3.40 out to $3...

feed-grains soy-oilseeds wheat

PM Post - Buying Ahead

THE OPEN May beans: 2 lower May meal:  1.20 lower May soyoil:  5 lower May corn:  6 3/4 higher May wheat:  7 3/4 higher The markets opened as called with a sharp rally in corn leading the way higher for other markets to do much the same.  Wheat futures ran more shorts o...

feed-grains soy-oilseeds wheat

AM Outlook - Grains Firmer; Oilseeds Weaker

GOOD MORNING,  Prices continue to slip into trading ranges in front of the April 9 WASDE report.  Sharply lower soyoil futures were the key to soy complex weakness yesterday, with one wire talking about a hedge fund selling out its soyoil length in front of Friday's report.  Soyo...

feed-grains soy-oilseeds wheat

Technical Views - Grain Strength

SPREADS July crush trades up to 61.86c/bu while oilshare trades to 38.33%.  Goldman Roll begins today.  May/July bean inverse trades down to 5 1/4c from 6 1/4c while July/Nov trades from 1.30 1/2c to 1.35 1/2c.  May/July corn trades from 15 1/4c down to 14 1/4c, while July/Dec tr...

feed-grains soy-oilseeds wheat

PM Post - Timing the Next Climb

THE OPEN May beans:  4 1/2 higher May meal:  1.00 higher May soyoil:  4 higher May corn:  2 3/4 higher May wheat:  1/4 lower Prices opened as called but a shake-out in oilshare pressured bean prices.  Corn gained on beans and wheat found a short-covering bounce int...

feed-grains soy-oilseeds wheat

AM Outlook - Air of Caution

GOOD MORNING, The markets continue to adjust into Friday's WASDE report, which is typically not a market maker.   Prices are mostly firm this morning proceeding still with an air of caution.  On the bear side for beans are China's crushing margins, which are weaker, and slows dem...

feed-grains soy-oilseeds wheat

Technical Views - Within Ranges

SPREADS July crush trades to 59.29c/bu while oilshare trades to 38.80%.  The July/Nov bean inverse trades to 1.40 3/4c from 1.46 3/4c, while May/July trades down to 6 3/4c from 8 1/2c.   July/Dec meal trades from $18.10 to $19.50.  July/Dec corn trades from 58c to 60 1/4c, w...

feed-grains soy-oilseeds wheat

PM Post - Corrections to Downside are Over

THE OPEN May beans:  15 higher May meal:  3.40 higher May soyoil:  1.08 pts higher May corn:  6 higher May wheat:  4 1/4 higher The markets opened as called with trends continuing to show stronger oilshare values and higher bean trade.  Inverses strengthened today...

feed-grains soy-oilseeds wheat

AM Outlook - Firmer Day

GOOD MORNING,  Prices remain well bid overnight with higher oilshare again dominating price action and beans climbing over corn.  Crush continues to struggle, with oilshare still supported on biofuel demand.  Spreads and flat price all recover in overnight action.  Wheat is...

feed-grains soy-oilseeds wheat

Technicals - Pre-Report Positioning

SPREADS July oilshare rises to 38.65% and crush trades up to 59c/bu.  Spreads are firmer with July/Nov trading up to 1.44 1/2c from 1.36 1/2c, and May/July bean inverse trading up to 7 1/2c from 5 1/4c.  July/Dec meal inverse strengthens to $17.30 from $12.50 lows.  July/Dec corn...

feed-grains soy-oilseeds wheat

PM Post - Cautious Air

THE OPEN May beans:  13 1/4 higher May meal:  5.00 higher soyoil:  67 higher May corn:  1 higher May wheat:  5 higher Prices opened as expected with a cautious air from opening values given excellent planting weather for the month of April.  May corn collapses, tra...

feed-grains soy-oilseeds wheat

AM Outlook - Post-Holiday Adjustments

GOOD MORNING, Prices were mostly higher overnight taking back losses from Thursday's holiday shortened session.  Funds are still holding long positions across the board, and were rewarded for their patience via the bullish USDA report.  Weather is not bullish, as warm and dry conditio...

feed-grains soy-oilseeds wheat

Technical Views - Generally Higher

SPREADS July crush trades to 67c/bu while oilshare trades at 38.0%.   The Jly/Nov bean inverse weakens to 1.26 1/2c from 1.38c, while May/July trades down  to 4 1/4c from 5 3/4c.  July/Dec meal trades down to $14.30 from $15.30. July/Dec corn trades down to 52 3/4c from 55 1...

soy-oilseeds wheat

No Technical Perspectives Today; Ag Perspectives will Publish as Usual

Technical Perspectives will resume on April 5...

feed-grains soy-oilseeds wheat

PM Post - Skepticism But Must Be Traded

THE OPEN May beans:  8 higher May meal:  .30 higher May soyoil:  1.25 higher May corn:  3/4 lower May wheat:  2 lower The markets opened as called with the soy complex rebounding off its low pulling corn higher.  Wheat futures continued lower as funds sold as a hed...

feed-grains soy-oilseeds wheat

AM Outlook - Liquidation Yesterday, Reports Today

GOOD MORNING, The market's losses yesterday found many looking for an explanation.  With fundamentals not changing much, would have to consider that the break on the board was actually an across the day commodity selling event.  Not only were Ags lower, but so were many other commodit...

feed-grains soy-oilseeds wheat

Technical Views - Firm on New Lows

SPREADS July crush firms back to 58c/bu while crush trades to 38.10%.   July /Nov beans inverse trades from 1.70 1/4c up to 1.75 1/2c, while May/July congests from 8 1/2c to 10c.   July/Dec corn trades from 70 1/4c inverse to 67 1/2c, while May/July firms to 17 1/4c from 16c...

feed-grains soy-oilseeds wheat

PM Post - Busting Through Support Lines

THE OPEN May beans:  9 lower May meal:  .70 higher May soyoil:  80 lower May corn:  1 lower May wheat:  3 3/4 lower Prices opened lower with more liquidation into the report tomorrow.   The higher US dollar and the slower demand pace from China, along with a b...

feed-grains soy-oilseeds wheat

AM Outlook - Bottom of Ranges Ahead of Tomorrow

GOOD MORNING, Prices continue to leak lower as more funds sell the market in front of the March 31 Stocks/Acreage report.    With everyone in the same boat, (funds long everything but wheat), the only question is whether tomorrow’s numbers force changes to these positions. ...

feed-grains soy-oilseeds wheat

Technical Views - Meal's Day

SPREADS July crush trades to 52c/bu while oilshare sits at 38.31%.  Nov/Jul bean inverse continues to weaken, trading down to 1.75 1/2c from 1.82 1/4c, while May/July trades from 8 1/4c to 7 1/4c.  JulyDec meal inverse trades down to $28.50 from $30.50.  May/July corn inverse tra...

feed-grains soy-oilseeds wheat

PM Post - Soyoil Exception

THE OPEN May beans:  4 1/2 lower May meal:  4.50 lower May soyoil:  12 higher May corn:  5 1/2 lower May wheat:  1 1/4 lower Prices opened as expected but turned softer as the US dollar gained in strength.  Beans and meal dropped lower against higher soyoil, pushin...

feed-grains soy-oilseeds wheat

AM Outlok - Positions Set for Wednesday

GOOD MORNING, Prices are mixed as we head into the Planting Intentions/March1 stocks on Wed at 11:00 central time.  Meal struggles against soyoil futures, while most of the markets remain on the defensive as all head into this major report long.  Oilshare finds some stability as crude...

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