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As the end of meteorological spring grows larger on the horizon our attention turns to the next seasonal moves in the Grains sector.
Educational and Actionable information using Fibonacci & W.D. Gann analysis.
Jim covers the major weather drivers for soybeans, corn, wheat, cocoa, and natural gas.
The wheat complex saw stronger trade on Friday, with assistance from some bull friendly USDA numbers. Chicago contracts were up 18 ¼ to 26 cents across most active contracts. Kansas City futures were up 12 ¾ to 21 ½ cents across the board to round out the week. MPLS spring...
Corn futures posted gains of 4 ¼ to 13 ¼ cents on the Friday session. Futures closed out the day near the highs, following the release of some bull friendly USDA data. In the Friday afternoon Commitment of Traders report, CFTC data showed spec funds in corn futures and options...
Bean futures saw Friday action heading higher into the weekend, as contracts were up anywhere from 1 ¾ to 12 ¼ cents across the board. Soymeal futures were down $1-$2.40/ton. Soy Oil was in rally mode to end the week, with contracts up 104 to 180 points. Weekly data from...
In my opinion, some changes were noticed this week. Of the one most notable was further recognition of the agenda in place by others. As the impact from becomes more obvious, it has begun to make cattle producers, in every sector, a little nervous at the current price level.
Corn futures are rallying post-USDA release on Friday, as contracts are up anywhere from 8 to 10 cents across most nearby months. This morning’s USDA WASDE report showed the old crop US stocks dropping 100 mbu to 2.022 bbu on increase to exports and FSI. The new crop balance sheet...
Bean futures are up 2 to 4 cents across the front months on Friday, despite not much in terms of bull friendly numbers from USDA. Soymeal futures are down $2.60-$3.80/ton. Soy Oil is posting strong gains of 178 to 187 points The monthly WASDE update this morning saw WAOB unchanged...
The wheat complex is posting strong double digit gains on Friday. Chicago contracts are up 16 to 17 cents across the nearbys. Kansas City futures are trading 16 cents to the upside at midday. MPLS spring wheat futures are 13 to 15 cents in the green. USDA added 10 mbu...
Wheat is starting to look a little overbought, while aluminium pulled back this week - but a breakout from here could be explosive.
For those who prefer to march to their own beat, GO stock provides plenty of upside potential for those willing to risk extreme volatility.
Corn prices are up 2 to 2 ½ cents this morning as the trade preps for today’s USDA reports. Futures closed out the Pre-WASDE trade session on Thursday with prices down 1 to 2 ¾ cents across most contracts. A few deferreds were steady to 1 ¼ cents higher. Thursday’s...
The wheat complex is posting double digit higher trade on Friday morning. The bulls were defending well on on Thursday. Chicago contracts were up ¾ to 3 ¾ cents on the day. Kansas City futures closed with gains of 3 to 3 ¾ cents across most contracts. MPLS spring wheat...
Friday morning action is showing soybeans fractionally mixed across the front months. Futures headed lower on Thursday, with contracts down 7 ¼ to 20 cents across the board, as the 2024 contracts found some round number support at or above $12. Soymeal futures were down on Thursday, as contracts fell...
In my Morning Commentary, I took a look at what real fundamentals were for the Grains sector given its another USDA report day.
Soybeans headed lower on Thursday, with contracts down 7 ¼ to 20 cents across the board, as the 2024 contracts held up at or above $12. Soymeal futures were down on the day, as contracts fell $1.70 to 6.80/ton. Soy Oil saw triple digit losses in the front months, with...
The wheat complex saw the bulls holding up on Thursday. Chicago contracts were up ¾ to 3 ¾ cents on the day. Kansas City futures closed with gains of 3 to 3 ¾ cents across most contracts. MPLS spring wheat futures were steady to 8 ½ cents higher across the...
Corn futures closed out the Pre-WASDE trade session with contracts down 1 to 2 ¾ cents across most contracts. A few deferreds were steady to 1 ¼ cents higher. USDA issued a flash sale of 132,080 MT of corn sold to Mexico this morning, with 60,960 MT for the current...
A definitive move in the feeder cattle futures today is believed to have set the stage for further declines. On the mid day cattle commentary, I noted a close above $255.22, or under $251.75 August, would help to decipher the next most probable move.
Soybeans are struggling on Thursday, as contracts are down 10 to 17 cents at midday, and November threating the slip below $12. Soymeal futures are down $3.90 to $4.10/ton. Soy Oil is also falling at midday, with triple digit losses of 121 points on Thursday. The dam has broken on...
