October 2016


Corn Report, 10/28/2016

Friday, October 28, 2016

Corn saw a 3rd straight “up” day and it feels stronger, but we still are only up 5 on the week as whole as fund buying and the bean rally has kept the pressure upward, with CZ closing yesterday at $3.5750 with the funds buying an estimated 10K contracts. Now while this strength is encouraging on... Learn More →


Morning Dairy Comments, 10/28/2016

Friday, October 28, 2016

General Market News · GDP hits 2.9% in biggest gain since mid-2014 https://goo.gl/XfdYPo · Slowing milk out to fuel dairy price rally into 2017 Rabo says https://goo.gl/lhKjl7 · European stocks fall on earnings as bond rout eases, metals rise https://goo.gl/BPcKm8 · US Treasury yields hold higher... Learn More →


Morning Dairy Comments, 10/27/2016

Thursday, October 27, 2016

General Market News · Murray Goulburn lifts milk prices days after cutting its forecasts https://goo.gl/jfxvzU · Fonterra announces reduction in offered volumes over next 12 months, 10,199 MT decrease in WMP, 1,000 MT decrease in AMF · OPEC may need help to end the global glut of oil... Learn More →


Wheat Report, 10/27/2016

Thursday, October 27, 2016

Wheat wasn’t going to be left out of the party yesterday, gaining 1-7 cents across the three contracts, as funds covered about 5k contracts of the short position. Strength was driven by the soybean complex, which was taking its cues from the gains in the world palm oil market. The U.S. market found... Learn More →


Wheat Report, 10/26/2016

Wednesday, October 26, 2016

Corn had a relatively quiet trading session, with weakness in throughout most of the trading session before finding some buying support at the close and able to end the day on a positive note at $3.4950 with the funds buying an estimated 5K contracts. News remains fairly limited as harvest... Learn More →


Morning Dairy Comments, 10/26/2016

Wednesday, October 26, 2016

General Market News · Tourism surpasses dairy as New Zealand’s largest export · Russian dairy herd hits all time low at 7.32 mln head · A flurry of earnings reports continues to be released, Apple’s forecast disappointed but sales remain strong, Boeing showed stronger than expected profits, Coke... Learn More →


Morning Dairy Comments, 10/25/2016

Tuesday, October 25, 2016

“Everything takes time. Bees have to move very fast to stay still.” -David Foster Wallace General Market News · Dairy Farmers not leaving the industry at the numbers that had been expected. https://goo.gl/0u8jgo · Gold steadies as dollar’s advance pauses at 8-month high. https://goo.gl/X8R3dH ·... Learn More →


Soybean Report, 10/25/2016

Tuesday, October 25, 2016

Nice bounce yesterday is falling back a bit to earth, but still ahead of Friday’s close. US$ is not helping, but so far demand is keeping the price firm futures wise. Basis is not so good though and the spreads are weak due to that fact as we rapidly approach deliveries for Nov. We are now over 10... Learn More →


Morning Dairy Comments, 10/24/2016

Monday, October 24, 2016

General Market News · Chinese police arrested 19 people for repackaging & selling expired dairy products originally from NZ Fonterra http://dailym.ai/2eDcpY2 · Butter pricing has fallen steadily for the past several weeks. So far, inventories are in a good position for fall demand... Learn More →


Corn Report, 10/25/2016

Monday, October 24, 2016

After a up and down week bouncing between $3.50 and $3.60 like a pong board we had a rather subdued end of the week with Friday having a 4 cent range and CZ closed the week at $3.5250 with the fund buying any estimated 5K contracts. The CFTC report showed that the funds position as of Tuesday was... Learn More →