Recent Soy & Oilseeds Analysis
Technical Views - Exit and Reassess
SPREADS March crush trades at 1.00c/bu while oilshare backs down to 35.22%. Traders are buying meal / selling soyoil today with lower palm oil price activity. Spreads are weaker in corn, with July/Dec trading out to 2 3/4c from 1 1/4c. March/May corn is steady/firmer with trad...
AM Outlook - Firm Ranges
GOOD MORNING, The market remains focused this week on South American weather, harvest pressure, and signs of any Chinese purchases. Last week the corn market reversed course, breaking to new lows on Thursday only to take back those losses on Friday, in effect showing us its trading...
Market Commentary
Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday. The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Summary of Futures
Mar 20 Corn closed at $3.8925/bushel, up $0.1375 from yesterday's close. Mar 20 Wheat closed at $5.705/bushel, up $0.0525 from yesterday's close. Mar 20 Soybeans closed at $9.2975/bushel, up $0.0575 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0 from...
PM Post - Corn Bear Trap?
THE OPEN March beans: 2 1/4 lower March meal: .20 lower March soyoil: 25 lower March corn: 2 1/2 higher March wheat: 1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day. Grains recovered, led by co...
Technical Views - Nowhere to go but Sideways
SPREADS March crush trades to 1.00c/bu while oilshare is lower, trading down to 35.22%. July/Nov beans trade out to 5 1/2c from 5c, while March/May trades from 13c to 13 1/4c. March/May meal widens out to $4.60 from $4.50. March wheat /corn strengthens to 1.90 1/2c from 1.87 3...
AM Outlook - Beans Down, Corn Sideways
GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical upt...
Market Commentary
It was mostly a down day for the futures market and the most persistent rationale given is disappointment in the substance in the U.S. – China trade agreement. As can happen between Washington, New York and Chicago, there is somewhat of a disconnect between the policy wonks and the...
Summary of Futures
Mar 20 Corn closed at $3.755/bushel, down $0.12 from yesterday's close. Mar 20 Wheat closed at $5.6525/bushel, down $0.08 from yesterday's close. Mar 20 Soybeans closed at $9.24/bushel, down $0.0475 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0.5 fro...
PM Post - Uncertainties
THE OPEN March beans: 3 1/2 lower March meal: .40 lower March soyoil: .24 lower March corn: 5 lower March wheat: 8 1/4 lower The markets opened lower with fund selling in each market, namely profit-taking in soyoil and wheat, and what is probably new short po...
Oilseed Highlights: NOPA Soy Crush; Soy Export Sales; Uncertainty About Sales to China
Near Record NOPA Soybean Crush in December The National Oilseed Processors Association yesterday released its monthly soybean crush report for December. The report indicated NOPA’s members reported crushing 174.812 million bushels (4.758 MMT) of soybeans in December. That was up from the...
Technical Views - Exit and Reassess
SPREADS March crush trades at 1.00c/bu while oilshare backs down to 35.22%. Traders are buying meal / selling soyoil today with lower palm oil price activity. Spreads are weaker in corn, with July/Dec trading out to 2 3/4c from 1 1/4c. March/May corn is steady/firmer with trad...
AM Outlook - Firm Ranges
GOOD MORNING, The market remains focused this week on South American weather, harvest pressure, and signs of any Chinese purchases. Last week the corn market reversed course, breaking to new lows on Thursday only to take back those losses on Friday, in effect showing us its trading...
Market Commentary
Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday. The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Summary of Futures
Mar 20 Corn closed at $3.8925/bushel, up $0.1375 from yesterday's close. Mar 20 Wheat closed at $5.705/bushel, up $0.0525 from yesterday's close. Mar 20 Soybeans closed at $9.2975/bushel, up $0.0575 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0 from...
PM Post - Corn Bear Trap?
THE OPEN March beans: 2 1/4 lower March meal: .20 lower March soyoil: 25 lower March corn: 2 1/2 higher March wheat: 1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day. Grains recovered, led by co...
Technical Views - Nowhere to go but Sideways
SPREADS March crush trades to 1.00c/bu while oilshare is lower, trading down to 35.22%. July/Nov beans trade out to 5 1/2c from 5c, while March/May trades from 13c to 13 1/4c. March/May meal widens out to $4.60 from $4.50. March wheat /corn strengthens to 1.90 1/2c from 1.87 3...
AM Outlook - Beans Down, Corn Sideways
GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical upt...
Market Commentary
It was mostly a down day for the futures market and the most persistent rationale given is disappointment in the substance in the U.S. – China trade agreement. As can happen between Washington, New York and Chicago, there is somewhat of a disconnect between the policy wonks and the...
Summary of Futures
Mar 20 Corn closed at $3.755/bushel, down $0.12 from yesterday's close. Mar 20 Wheat closed at $5.6525/bushel, down $0.08 from yesterday's close. Mar 20 Soybeans closed at $9.24/bushel, down $0.0475 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0.5 fro...
PM Post - Uncertainties
THE OPEN March beans: 3 1/2 lower March meal: .40 lower March soyoil: .24 lower March corn: 5 lower March wheat: 8 1/4 lower The markets opened lower with fund selling in each market, namely profit-taking in soyoil and wheat, and what is probably new short po...
Oilseed Highlights: NOPA Soy Crush; Soy Export Sales; Uncertainty About Sales to China
Near Record NOPA Soybean Crush in December The National Oilseed Processors Association yesterday released its monthly soybean crush report for December. The report indicated NOPA’s members reported crushing 174.812 million bushels (4.758 MMT) of soybeans in December. That was up from the...