Corn Report, 10/17/2016

Monday, October 17, 2016

With fund buying support, corn was able to bust through and solidly trade higher the $3.50 support level, reaching a high of $3.5875 before settling for the week at $3.5425 with funds buying an estimated 13K contracts. With the strength from the end of last week, we are flirting with the 100MA and... Learn More →

Morning Dairy Comments, 10/17/2016

Monday, October 17, 2016

General Market News · Amazon adding 120,000 workers to meet holiday demand · PepsiCo sets goal to reduce sugar and saturated fat in its products by 2025 · U.S. Steel shares could rise 50% in a year · EU Ministers mull Syria sanctions to stop Aleppo strikes · Regulator encourages more... Learn More →

Morning Dairy Comments, 10/13/2016

Thursday, October 13, 2016

General Market News · Weak China data, stronger Dollar send global stocks skidding lower https://goo.gl/QSTnQP · U.S. dairy farmers dumped 43 million gallons of milk this year https://goo.gl/Y1gJqN · NZ farmers back new-look Fonterra governance model https://goo.gl/HElg9m · U.S. jobless claims at... Learn More →

Corn Report, 10/13/2016

Thursday, October 13, 2016

December corn had a wild day yesterday trading 3 higher and 9 lower in the range and settled 8 ½ lower at the close. Funds sold 14,000 (some think 20,000) contracts. This was in spite of a USDA Supply / Demand report that decreased production, increased demand, and decreased carryout. Fund selling... Learn More →

Morning Dairy Comments, 10/11/2016

Tuesday, October 11, 2016

General Market News · Crude oil closes at its highest price in over a year despite a rally in the USD · The gains for energy prices were driven by statements from Saudi Arabia’s energy minister as well as Russian President Putin about a potential output freeze and also supported equities yesterday ... Learn More →

Corn Report, 10/11/2016

Tuesday, October 11, 2016

December corn firmed up early yesterday and closed 3 ¾ higher on the day on light volume and a narrow 5 cent range. Funds bought 5,000 contracts on the day. Technically corn closed right up against the down trend line. We are trading mixed to lower this morning and If we close much higher today, we... Learn More →

Soybean Report, 10/10/2016

Monday, October 10, 2016

Lower to start the week as yields continue to improve, astound or just plain exceed expectations. Tomorrow is report day, probably would have been today had it not been a federal holiday. Anyway, most expect the bean number to grow as should carry out stocks. Interesting trade on Friday with... Learn More →

Morning Dairy Comments, 10/10/2016

Monday, October 10, 2016

General Market News · Stronger dairy prices could last into 2017 – report https://goo.gl/F2TRav · China’s services sector created jobs at fast pace in 7 months https://goo.gl/b9jSQP · Oil approaches one year high as speculators buy into output cut deal https://goo.gl/N8iBvl · Missiles fired toward... Learn More →

Morning Dairy Comments, 10/07/2016

Friday, October 07, 2016

General Market News · British Pound flash crashes overnight, spiking 6% lower in two minutes https://goo.gl/R0ht3w · Crude oil tops $50/barrel as OPEC, non-OPEC producers plan informal meeting https://goo.gl/XvAAQ7 · NZX milk futures fall below Fonterra forecast https://goo.gl/0x7yrV · Australia’s... Learn More →

Wheat Report, 10/06/2016

Thursday, October 06, 2016

Winter wheat contracts took out early week losses in one day on Wednesday, on MGX/KC spreading, cash market strength for HRW and short-covering of CME wheat. Funds liquidated an estimated 6k contracts of CBOT wheat yesterday, as the net short sits around 135k contracts and could be one facet of... Learn More →