World Perspectives

Recent Technical Perspectives Analysis

feed-grains wheat soy-oilseeds

The PM POST: Achieving Technical Highs

THE OPEN:  November beans: 6 1/4 higher December meal: 4.20 higher December soyoil: 3 lower December corn: 7 higher September wheat: 3 1/4 higher The markets opened as called with further short-covering activity. Technically, the markets continued to trend upward into new trading range h...

feed-grains soy-oilseeds wheat

Technical Views - Reacting Higher

SPREADS Sep. crush trades at 77.44c/bu while oilshare weakens to 32.43%.  Sep/Dec corn trades from 9c to 9 3/4c.  Sep/Dec wheat narrows into 6 1/4c from 7 1/2c.  Sep wheat/corn trades 1.52 1/2c.  July/Dec corn trades from 10 3/4c to 11 3/4c, while July/Sep corn trades from 1...

feed-grains soy-oilseeds wheat

AM Outlook - Digesting the Data

NOTE: There will be no Technical Perspectives reports on 2 July. GOOD MORNING, Funds entered the June Quarterly Stocks/Acreage report with a record short corn position, short elsewhere, and long beans.  The report was bullish acreage and bearish to neutral stocks.  However, the overri...

feed-grains

PM Post - Surprises Add Bang for the Buck

THE OPEN Nov beans:  2 higher Dec meal:  .30 higher Dec soyoil:  8 lower Sep. corn:  2 1/2 higher Sep. wheat:  1 1/2 higher The markets opened as called with initial selling pressure with grains at recent highs and beans/meal sitting on overall lows.   Oilshar...

feed-grains soy-oilseeds wheat

Technical Views - Diverse Influences

SPREADS Sep. crush trades to 74c/bu while oilshare trades to 32.74%.  Sep/Dec wheat trades from 7-7 3/4c.  The July/Dec corn spread trades from 8c to 8 3/4c while July/Sep trades from 1-3c carry.  July/Nov bean inverse strengthens to 9 1/4c from 2 3/4c, while July /August trades...

feed-grains soy-oilseeds wheat

AM Outlook - About to Get Smarter

GOOD MORNING, Prices are higher across the board to begin the day on a technical correction.   The funds remain big grain shorts and near record corn shorts.  Chatter is that China may have purchased US corn, and weather is trending warmer and drier next week.  Current price...

feed-grains soy-oilseeds wheat

PM Post - Retracement and Weather

THE OPEN November beans:  1/2 lower December meal:  .30 higher December soyoil:  6 lower September corn:  3 1/4 higher September wheat:  3 higher Prices opened on a mixed note today, with buying in oilshare and more position - evening in grains.   Buy grains/s...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Ahead of Reports

SPREADS Sep. crush trades to 76.65c/bu while oilshare trades to 32.34%.   Jul/Dec corn trades to 8 1/2c carry from 6 1/4c, with Jly/Sep trading from 1/4c to 2 1/2c.  Sep/Dec corn trades from 5 1/2c to 6 1/4c carry.  July/Nov beans trades to a 5c inverse with July/August at a...

feed-grains soy-oilseeds wheat

AM Outlook - Short-covering and Selling

GOOD MORNING, Prices are mixed this morning with short-covering in corn and wheat, and continued selling of oilshare.   China is back from holiday today and could be under the market on the return.  Crush margins in the US continue to head lower, which could begin to impact US be...

feed-grains soy-oilseeds wheat

PM Post - Corn and Wheat Defensive

THE OPEN November beans: 5 lower Dec meal:  1.30 lower Dec soyoil:  11 lower Sep. corn:  1/2 higher Sep wheat:  14 lower The markets opened as called with more weakness noted across the board.  Wheat prices quickly headed downward to set new lows.  Buy corn/sell be...

feed-grains soy-oilseeds wheat

Technical Views - Lower But Corn Steady

SPREADS Sep. crush falls to 79.38c/bu while oilsahre trades steady at 32.60%.   July/Dec corn widens back out to 11 1/4c with July/Sep. weaker at 3 3/4c from 2 3/4c.  July/August bean spread still retains an inverse of 1 3/4c from 3/4c while July/August trades 3c inverse to 2 1/2...

feed-grains soy-oilseeds wheat

AM Outlook - Beautiful Growing Weather

GOOD MORNING, Prices are mixed this morning with short-covering in corn and lower prices elsewhere.  Prices started out in the PM session on a strong note, but lost that strength into the morning.  Wheat prices appear ready to test recent lows, with corn prices very close to yesterday...

feed-grains soy-oilseeds wheat

PM Post - Down Day Posts New Low

THE OPEN Nov beans: 4 lower Dec meal:  .40 lower Dec soyoil:  27 lower Sep corn:  3 3/4 lower Sep wheat:  2 lower The markets opened as called with prices selling off further led by corn, which found sell-stops waiting under key support levels of trade.  Recent rainfall...

feed-grains soy-oilseeds wheat

Technical Views - Down and Going Lower

SPREADS Sep. crush trades to 80.56/bu while oilshare trends lower at 32.44% from values over 33.0%.  July/Dec corn narrows into 8 1/2c, the highest level since April 1.  July/Sep corn narrows into 2c from 3c.  July/Nov beans trades to a 2c inverse, with July/August trading to 3 3...

feed-grains soy-oilseeds wheat

AM Outlook - Bears are Winning

GOOD MORNING, Prices are lower on the back of good weather and continued worries over China/US trade relations.  Nearby bean and corn spreads remain well bid, though the domestic bean basis has weakened somewhat.  Oilshare trades lower on the back of weaker energies and palm. We are a...

feed-grains soy-oilseeds wheat

PM Post - Ags Defensive on Weather and Outside Markets

THE OPEN: Nov beans: 1/2 lower Dec soyoil: 23 lower Dec meal: 1.20 higher Sep. corn: 1/4 lower Sep. wheat: 1 1/2 lower The markets opened as called with prices leaning lower, led by soyoil futures. Inter-market spreads were prevalent, with traders buying meal (short covering) and selling soyo...

feed-grains soy-oilseeds wheat

Technical Views - Interesting Day

SPREADS Sep. crush trades down to 80.33c/bu while oilshare is back under 33.0% to trade to 32.77%.  The key feature as far as spread activity goes is in the nearby bean spread, which are extremely firm.  July/August bean spread trades to a new inverse high of 3 3/4c from what was a 3c...

feed-grains soy-oilseeds wheat

AM Outlook - Trading Ranges Continue

GOOD MORNING, The markets are mixed this AM as rains continue to cross the Midwest capping off rallies.  China remains around the bean market with profit-taking in oilshare noted as traders buy meal/sell soyoil.  Soyoil markets are lower today along with a slightly weaker tone in ener...

feed-grains soy-oilseeds wheat

PM Post - Waiting on Bean Purchases; Corn Weather

THE OPEN Nov beans:  5 lower July meal:  .10 lower July soyoil:  15 lower Sep. corn:  4 lower Sep. wheat:  4 lower Prices opened as called with selling out of the gate.  More corn states improved than did not, which created selling pressure throughout the day.&nbsp...

feed-grains soy-oilseeds wheat

Technical Views - Sideways Congestion

SPREADS Sep. crush trades to 81.28c/bu after falling under 80c/bu yesterday.  Sep. oilshare bounces back to trade to 33.09%.   Bean bullspreads remain strong with July/August still at an inverse of 2 1/2c.  July/Nov trades into 1/2c from 3 1/4c.  July/Dec meal narrows i...

feed-grains soy-oilseeds wheat

AM Outlook - Various Reports Influence Market

GOOD MORNING, The weather and a big report at the end of June are guiding price action but the news cycle actually triggered a larger break yesterday.  Better-than-expected crop ratings pressured corn prices but the overnight news stories pressured beans.   News outlets report Wh...

feed-grains soy-oilseeds wheat

PM Post - Bearish Weather Beats Bullish Exports

THE OPEN November beans:  2 1/4 lower July meal:  .90 lower July soyoil:  1 lower September corn:  3 lower September wheat:  2 3/4 lower The markets opened with unwinding of recent buy bean and corn/sell wheat trade, along with buy soyoil/sell meal trade.  Bull-spr...

feed-grains soy-oilseeds wheat

Technical Views - Headed Lower

SPREADS Sep. crush trades at 81.48c/bu while oilshare trades over 33.0% to 33.15%.   July/Dec corn narrows to 12 3/4c from 13 1/4c, while Jul/Sep trades from 4 1/2c to 5c.  July/Nov beans trades to 3 3/4c to 5c, while July/August trades to a 3/4c inverse.  July/Dec meal trad...

feed-grains soy-oilseeds wheat

AM Outlook - Weather Bearish

GOOD MORNING, Prices are lower this AM as the Midwest saw a decent amount of rainfall over the weekend.  Wheat prices trade near the lowest level since last Sep. 2019 as harvest continues across the US.  So far, about 1/5 of the US HRW and SRW harvest has been completed.   R...

feed-grains wheat soy-oilseeds

The PM POST: Achieving Technical Highs

THE OPEN:  November beans: 6 1/4 higher December meal: 4.20 higher December soyoil: 3 lower December corn: 7 higher September wheat: 3 1/4 higher The markets opened as called with further short-covering activity. Technically, the markets continued to trend upward into new trading range h...

feed-grains soy-oilseeds wheat

Technical Views - Reacting Higher

SPREADS Sep. crush trades at 77.44c/bu while oilshare weakens to 32.43%.  Sep/Dec corn trades from 9c to 9 3/4c.  Sep/Dec wheat narrows into 6 1/4c from 7 1/2c.  Sep wheat/corn trades 1.52 1/2c.  July/Dec corn trades from 10 3/4c to 11 3/4c, while July/Sep corn trades from 1...

feed-grains soy-oilseeds wheat

AM Outlook - Digesting the Data

NOTE: There will be no Technical Perspectives reports on 2 July. GOOD MORNING, Funds entered the June Quarterly Stocks/Acreage report with a record short corn position, short elsewhere, and long beans.  The report was bullish acreage and bearish to neutral stocks.  However, the overri...

feed-grains

PM Post - Surprises Add Bang for the Buck

THE OPEN Nov beans:  2 higher Dec meal:  .30 higher Dec soyoil:  8 lower Sep. corn:  2 1/2 higher Sep. wheat:  1 1/2 higher The markets opened as called with initial selling pressure with grains at recent highs and beans/meal sitting on overall lows.   Oilshar...

feed-grains soy-oilseeds wheat

Technical Views - Diverse Influences

SPREADS Sep. crush trades to 74c/bu while oilshare trades to 32.74%.  Sep/Dec wheat trades from 7-7 3/4c.  The July/Dec corn spread trades from 8c to 8 3/4c while July/Sep trades from 1-3c carry.  July/Nov bean inverse strengthens to 9 1/4c from 2 3/4c, while July /August trades...

feed-grains soy-oilseeds wheat

AM Outlook - About to Get Smarter

GOOD MORNING, Prices are higher across the board to begin the day on a technical correction.   The funds remain big grain shorts and near record corn shorts.  Chatter is that China may have purchased US corn, and weather is trending warmer and drier next week.  Current price...

feed-grains soy-oilseeds wheat

PM Post - Retracement and Weather

THE OPEN November beans:  1/2 lower December meal:  .30 higher December soyoil:  6 lower September corn:  3 1/4 higher September wheat:  3 higher Prices opened on a mixed note today, with buying in oilshare and more position - evening in grains.   Buy grains/s...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Ahead of Reports

SPREADS Sep. crush trades to 76.65c/bu while oilshare trades to 32.34%.   Jul/Dec corn trades to 8 1/2c carry from 6 1/4c, with Jly/Sep trading from 1/4c to 2 1/2c.  Sep/Dec corn trades from 5 1/2c to 6 1/4c carry.  July/Nov beans trades to a 5c inverse with July/August at a...

feed-grains soy-oilseeds wheat

AM Outlook - Short-covering and Selling

GOOD MORNING, Prices are mixed this morning with short-covering in corn and wheat, and continued selling of oilshare.   China is back from holiday today and could be under the market on the return.  Crush margins in the US continue to head lower, which could begin to impact US be...

feed-grains soy-oilseeds wheat

PM Post - Corn and Wheat Defensive

THE OPEN November beans: 5 lower Dec meal:  1.30 lower Dec soyoil:  11 lower Sep. corn:  1/2 higher Sep wheat:  14 lower The markets opened as called with more weakness noted across the board.  Wheat prices quickly headed downward to set new lows.  Buy corn/sell be...

feed-grains soy-oilseeds wheat

Technical Views - Lower But Corn Steady

SPREADS Sep. crush falls to 79.38c/bu while oilsahre trades steady at 32.60%.   July/Dec corn widens back out to 11 1/4c with July/Sep. weaker at 3 3/4c from 2 3/4c.  July/August bean spread still retains an inverse of 1 3/4c from 3/4c while July/August trades 3c inverse to 2 1/2...

feed-grains soy-oilseeds wheat

AM Outlook - Beautiful Growing Weather

GOOD MORNING, Prices are mixed this morning with short-covering in corn and lower prices elsewhere.  Prices started out in the PM session on a strong note, but lost that strength into the morning.  Wheat prices appear ready to test recent lows, with corn prices very close to yesterday...

feed-grains soy-oilseeds wheat

PM Post - Down Day Posts New Low

THE OPEN Nov beans: 4 lower Dec meal:  .40 lower Dec soyoil:  27 lower Sep corn:  3 3/4 lower Sep wheat:  2 lower The markets opened as called with prices selling off further led by corn, which found sell-stops waiting under key support levels of trade.  Recent rainfall...

feed-grains soy-oilseeds wheat

Technical Views - Down and Going Lower

SPREADS Sep. crush trades to 80.56/bu while oilshare trends lower at 32.44% from values over 33.0%.  July/Dec corn narrows into 8 1/2c, the highest level since April 1.  July/Sep corn narrows into 2c from 3c.  July/Nov beans trades to a 2c inverse, with July/August trading to 3 3...

feed-grains soy-oilseeds wheat

AM Outlook - Bears are Winning

GOOD MORNING, Prices are lower on the back of good weather and continued worries over China/US trade relations.  Nearby bean and corn spreads remain well bid, though the domestic bean basis has weakened somewhat.  Oilshare trades lower on the back of weaker energies and palm. We are a...

feed-grains soy-oilseeds wheat

PM Post - Ags Defensive on Weather and Outside Markets

THE OPEN: Nov beans: 1/2 lower Dec soyoil: 23 lower Dec meal: 1.20 higher Sep. corn: 1/4 lower Sep. wheat: 1 1/2 lower The markets opened as called with prices leaning lower, led by soyoil futures. Inter-market spreads were prevalent, with traders buying meal (short covering) and selling soyo...

feed-grains soy-oilseeds wheat

Technical Views - Interesting Day

SPREADS Sep. crush trades down to 80.33c/bu while oilshare is back under 33.0% to trade to 32.77%.  The key feature as far as spread activity goes is in the nearby bean spread, which are extremely firm.  July/August bean spread trades to a new inverse high of 3 3/4c from what was a 3c...

feed-grains soy-oilseeds wheat

AM Outlook - Trading Ranges Continue

GOOD MORNING, The markets are mixed this AM as rains continue to cross the Midwest capping off rallies.  China remains around the bean market with profit-taking in oilshare noted as traders buy meal/sell soyoil.  Soyoil markets are lower today along with a slightly weaker tone in ener...

feed-grains soy-oilseeds wheat

PM Post - Waiting on Bean Purchases; Corn Weather

THE OPEN Nov beans:  5 lower July meal:  .10 lower July soyoil:  15 lower Sep. corn:  4 lower Sep. wheat:  4 lower Prices opened as called with selling out of the gate.  More corn states improved than did not, which created selling pressure throughout the day.&nbsp...

feed-grains soy-oilseeds wheat

Technical Views - Sideways Congestion

SPREADS Sep. crush trades to 81.28c/bu after falling under 80c/bu yesterday.  Sep. oilshare bounces back to trade to 33.09%.   Bean bullspreads remain strong with July/August still at an inverse of 2 1/2c.  July/Nov trades into 1/2c from 3 1/4c.  July/Dec meal narrows i...

feed-grains soy-oilseeds wheat

AM Outlook - Various Reports Influence Market

GOOD MORNING, The weather and a big report at the end of June are guiding price action but the news cycle actually triggered a larger break yesterday.  Better-than-expected crop ratings pressured corn prices but the overnight news stories pressured beans.   News outlets report Wh...

feed-grains soy-oilseeds wheat

PM Post - Bearish Weather Beats Bullish Exports

THE OPEN November beans:  2 1/4 lower July meal:  .90 lower July soyoil:  1 lower September corn:  3 lower September wheat:  2 3/4 lower The markets opened with unwinding of recent buy bean and corn/sell wheat trade, along with buy soyoil/sell meal trade.  Bull-spr...

feed-grains soy-oilseeds wheat

Technical Views - Headed Lower

SPREADS Sep. crush trades at 81.48c/bu while oilshare trades over 33.0% to 33.15%.   July/Dec corn narrows to 12 3/4c from 13 1/4c, while Jul/Sep trades from 4 1/2c to 5c.  July/Nov beans trades to 3 3/4c to 5c, while July/August trades to a 3/4c inverse.  July/Dec meal trad...

feed-grains soy-oilseeds wheat

AM Outlook - Weather Bearish

GOOD MORNING, Prices are lower this AM as the Midwest saw a decent amount of rainfall over the weekend.  Wheat prices trade near the lowest level since last Sep. 2019 as harvest continues across the US.  So far, about 1/5 of the US HRW and SRW harvest has been completed.   R...

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