Recent Feed Grains Analysis
Market Commentary
After featuring active trade and higher prices on Monday and Tuesday, grain and soybean markets paused to catch their breath today. Volume was restrained, and limited price action kept values near Tuesday’s closes. Following those rare occasions during the past few months when markets ral...
Black Sea Regional Analysis
Russian Grain Markets: 9-13 July 2018 The domestic grain market was influenced by different trends as new crop production started being traded along with that of previous seasons. Milling wheat export prices grew $2.00/MT to $202/MT FOB Black Sea, but purchase prices at seaports were stable (in...
Summary of Futures
Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights...
Closing Bell Wrap-Up
Grains traded a quiet, mixed session while cattle futures moved sharply higher ahead of this week’s fundamental reports. Hog futures, of course, put in new contract lows (again) amid continued uncertainty about pork demand. The Midwest weather remains favorable for crop development...
China In-Country Analysis
Oilseeds Soymeal Inventory Declines as Crushers Dial Back Activity With the tariff on U.S. soybeans becoming effective on 6 July, feed demand has remained relatively solid. The more significant driver of soymeal inventories across China last week, however, was a decline in crushing output as co...
Market Commentary
Grain and soy prices firmed overnight, in part because USDA dropped weekly condition ratings for corn and soybeans further than the trade expected. Another element of support came from FGIS export inspections showing that demand for soybeans and corn remains at a high pace despite trade conflic...
Closing Bell Wrap-Up
The fundamentals are kicking in and pulling CBOT products higher. Spotty growing conditions across the Midwest, including reports of both drought and drown-out spots, are boosting corn and soybean values while declining production prospects internationally for wheat pushed those prices higher.&...
Corn Crop Questions
It has been a tumultuous three months for grain and soy markets, which have been roiled by the Trump administration’s aggressive “take no prisoners” approach to trade, trading agreements and trading partners. Imposing tariffs on imports of steel, aluminum, industrial products...
Summary of Futures
Changes in Commodity Analytics’ short-term technical indicators for grain futures should be carefully examined against long-term signals. Elsewhere, livestock futures (live cattle, feeder cattle, and lean hogs) are showing technical signals that may influence how traders should manage the...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s government is said to be disappointed in the country’s wheat production as it reportedly did not reflect the 12 percent increase in planted area. There were comments in some publications that the actual production was proba...
Record U.S. Corn and Soybean Yields?
There has been a great deal of conversation over the past several weeks about the possibility that U.S. corn and soybean yields might be much better than current estimates. That higher yield speculation is of course the result of great weekly crop condition ratings. In the past week, however, t...
Market Commentary
Markets traded most of the Sunday night session slightly lower before finishing steady in corn and soybeans but down 2-4 cents in wheat. However, corn and soybean markets abruptly turned higher at the opening of today’s session with the latter trading double-digit gains in the first 30 mi...
Market Commentary
After featuring active trade and higher prices on Monday and Tuesday, grain and soybean markets paused to catch their breath today. Volume was restrained, and limited price action kept values near Tuesday’s closes. Following those rare occasions during the past few months when markets ral...
Black Sea Regional Analysis
Russian Grain Markets: 9-13 July 2018 The domestic grain market was influenced by different trends as new crop production started being traded along with that of previous seasons. Milling wheat export prices grew $2.00/MT to $202/MT FOB Black Sea, but purchase prices at seaports were stable (in...
Summary of Futures
Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights...
Closing Bell Wrap-Up
Grains traded a quiet, mixed session while cattle futures moved sharply higher ahead of this week’s fundamental reports. Hog futures, of course, put in new contract lows (again) amid continued uncertainty about pork demand. The Midwest weather remains favorable for crop development...
China In-Country Analysis
Oilseeds Soymeal Inventory Declines as Crushers Dial Back Activity With the tariff on U.S. soybeans becoming effective on 6 July, feed demand has remained relatively solid. The more significant driver of soymeal inventories across China last week, however, was a decline in crushing output as co...
Market Commentary
Grain and soy prices firmed overnight, in part because USDA dropped weekly condition ratings for corn and soybeans further than the trade expected. Another element of support came from FGIS export inspections showing that demand for soybeans and corn remains at a high pace despite trade conflic...
Closing Bell Wrap-Up
The fundamentals are kicking in and pulling CBOT products higher. Spotty growing conditions across the Midwest, including reports of both drought and drown-out spots, are boosting corn and soybean values while declining production prospects internationally for wheat pushed those prices higher.&...
Corn Crop Questions
It has been a tumultuous three months for grain and soy markets, which have been roiled by the Trump administration’s aggressive “take no prisoners” approach to trade, trading agreements and trading partners. Imposing tariffs on imports of steel, aluminum, industrial products...
Summary of Futures
Changes in Commodity Analytics’ short-term technical indicators for grain futures should be carefully examined against long-term signals. Elsewhere, livestock futures (live cattle, feeder cattle, and lean hogs) are showing technical signals that may influence how traders should manage the...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s government is said to be disappointed in the country’s wheat production as it reportedly did not reflect the 12 percent increase in planted area. There were comments in some publications that the actual production was proba...
Record U.S. Corn and Soybean Yields?
There has been a great deal of conversation over the past several weeks about the possibility that U.S. corn and soybean yields might be much better than current estimates. That higher yield speculation is of course the result of great weekly crop condition ratings. In the past week, however, t...
Market Commentary
Markets traded most of the Sunday night session slightly lower before finishing steady in corn and soybeans but down 2-4 cents in wheat. However, corn and soybean markets abruptly turned higher at the opening of today’s session with the latter trading double-digit gains in the first 30 mi...