Corn Report, 12/09/2016

Friday, December 09, 2016

Despite a good export sales number and a strong wheat market, corn succumbed to the pressure of beans and a strong dollar. Corn closed 4 ½ lower on the day with a 10 cent trading range. Funds sold 6,000 contracts. We announced more optional origin sales to South Korea yesterday. Another 332 TMT was... Learn More →

Morning Dairy Comments, 12/08/2016

Thursday, December 08, 2016

General Market News · ECB surprises by ‘tapering’ its massive bon-buying program from next April · Fonterra launches new UHT range in China https://goo.gl/LVDAuQ · Glencore and Qatar buy $11.3bn stake in Russia’s largest oil company https://goo.gl/lkRnrZ · The Trump Administration announced that... Learn More →

Soybean Report, 12/08/2016

Thursday, December 08, 2016

Exports are again above expectations, but they were lower than what I would have issued. Still we are seeing the Chinese front end load this year’s imports from the US and it hasn’t really abated. The products were a bit disappointing IMO especially the oil for a world market that is on fire and... Learn More →

Morning Dairy Comments, 12/06/2016

Tuesday, December 06, 2016

General Market News · Crude oil dips as OPEC, Russian output rises ahead of production cut https://goo.gl/hsdk5z · Dow set to extend record run as stocks aim for modest rise https://goo.gl/8vuGcM · Fonterra makes play for Australian dairy farmers https://goo.gl/xGgZdg SPECIAL NOTICE: Please... Learn More →

Soybean Report, 12/06/2016

Tuesday, December 06, 2016

Can’t keep the bean market down apparently. After a day of “fund” buying we now are getting fundamental support from both Arg. and palm oil. The increases in palm oil take us back to nearly 5 year highs and SA has now become a weather watch as predictions for Arg. areas are now predicted to be... Learn More →

Morning Dairy Comments

Monday, December 05, 2016

General Market News · Renzi quits as Italy referendum defeat deepens Europe’s turmoil https://goo.gl/HyXWI3 · UK Supreme Court begins hearing Brexit appeal · Oil tops $55 for the first time in 16 months as OPEC deal fuels buying · Dakota Pipeline project denied federal permits as tribal protestors... Learn More →

Wheat Report, 12/05/2016

Monday, December 05, 2016

The wheat market is working on another day of minor gains at the bottom of the recent range, as global oilseeds are running higher. Weather forecasts show chances for a precipitation event midweek for KS and S. NE, followed by colder temperatures that brings concerns of freeze damage, which is... Learn More →

Corn Report, 12/02/2016

Friday, December 02, 2016

Corn hit 2 month lows yesterday as export sales were below expectations and the overall bearish sentiment of the market wore down traders as we closed down 7 cents at $3.3175 with the funds selling an estimated 12K contracts. Some have pointed to the fact that we are 76% above last year on export... Learn More →

Morning Dairy Comments, 12/02/2016

Friday, December 02, 2016

General Market News · US unemployment rate hits 9-year low of 4.6% as economy adds 178,000 jobs in November · November payrolls strong, may lead to rate hike https://goo.gl/z2diw2 · China’s central bank facing major new headache https://goo.gl/MbDvS7 · Ahead of promised cut, Russia’s oil output... Learn More →

Corn Report, 12/01/2016

Thursday, December 01, 2016

March corn tried to trade higher most of the day yesterday, but closed ½ cents lower on moderate volume. Funds were mostly on the sidelines. Export sales this morning was 0.762 MMT. We were looking for 0.900 to 1.200 MMT. This should be considered disappointing. The DOE weekly ethanol report was... Learn More →