August 2016

Corn Report, 08/31/2016

Wednesday, August 31, 2016

December corn had its seventh consecutive negative day yesterday settling down 5 cents on good volume. Funds sold 14,000 contracts making the spec funds short 225,000 contracts. RSI is 25 indicating the corn is getting oversold. The last time we closed lower than this level on the monthly charts... Learn More →

Wheat Report, 08/30/2016

Tuesday, August 30, 2016

The wheat market continues to tell producers that a reduction in planted acres needs to occur this fall, and good soil conditions will setup for a good start for any acres that get seeded. Funds added 6k contracts to the Chi Wheat net short position, as the market keeps grinding down to new lows.... Learn More →

Morning Dairy Comments, 08/30/2016

Tuesday, August 30, 2016

General Market News · California lawmakers send governor bill authorizing farmworker overtime · Food price deflation hurts farmers, grocers and restaurants, cheers consumers · France joins Germany Economy Minister in urging halt to trade talks with U.S. ... Learn More →

Wheat Report, 08/29/2016

Monday, August 29, 2016

Wheat pushed down through previous lows on Friday, and subsequently fell apart, closing 15-17 cents lower to levels not seen since Sep. 2006. September options expired on Friday, with heavy open interest in $4.00 KC and CHGO puts, leaving those that were short puts underwater and trying to trade... Learn More →

Morning Dairy Comments, 08/29/2016

Monday, August 29, 2016

General Market News · German economy minister says EU-US free trade talks have failed · Central bankers spurn call for radical approach at Jackson Hole · Chinese Cheese and Russian butter: How to eat dairy in North Korea Class III,... Learn More →

Corn Report, 08/26/2016

Friday, August 26, 2016

Corn continued its down week yesterday as CZ came within a cent of breaking the $3.30 mark, before closing at $3.3125, down 6 cents for the day. The funds sold off an estimated 18K contracts, the continued rain and cooler temps and reports from Pro farmer tour has kept the bearish hand heavy on the... Learn More →

Morning Dairy Comments, 08/26/2016

Friday, August 26, 2016

General Market News · Janet Yellen Speaks at 9am CST today. · Second-quarter GDP still weak: 1.1% · U.S. trade gap narrows in July, advance report shows · Domino’s is one step closer to delivering pizzas by drone Class III, Cheese & Whey Class III and cheese futures... Learn More →

Morning Dairy Comments, 08/25/2016

Thursday, August 25, 2016

General Market News · European stocks retreat as Dollar rally fades before Yellen speech · Central bankers eye public spending to plus $1 trillion investment gap · EU milk output surge ‘over’ boding well for prices · Fonterra milk price... Learn More →

Soybean Report, 05/25/2016

Thursday, August 25, 2016

Not even a bullish NC bean number could prop up beans prior to the break. Beans have finally climbed into 3rd place, but still trail 13/14 by about 3 MMT and last year by right at 6 MMT. Products did disappoint, especially oil, so that factored in a bit to the equation. OI in beans are about to... Learn More →

Soybean Report, 08/24/2016

Wednesday, August 24, 2016

Lower overnight as weather and crop reports continue to point to an excellent crop. SA acreage is still in thought process and won’t begin in planting in earnest for 60 days. Still need to see some added acreage in Brazil and Arg. to keep world supply in good condition. The spreads are stuck with... Learn More →