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Market Moment

Grains results for All Months from All Years

USDA predicts record Corn Yield & Soybean Inventory - August WASDE Update

Published on Friday, August 10, 2018

The USDA unleashed a new dose of volatility after unveiling the August WASDE report.  Record yields are expected for corn with 178.4 pegged as the forthcoming national average.  This is fully two bushels over the average guess and 1.6 bushels over the record setting 2017 yield.  Ending stocks grew by 132 million after upward revisions were made to feed use and exports.  Soybean...

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Cattle Markets....Which Year Is It?

Published on Monday, August 6, 2018

Amid the chaos of trade and tariff discussions, the cattle market has, almost on its own, been able to continue a rally that began mid-May.  See October Live Cattle Chart below.  Nearly $10/cwt have been added to prices since then in a channel formation that has been wrought with volatility.  Nonetheless prices posted the highest close since St. Patrick's Day on Friday.  F...

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COT Extremes

Published on Monday, July 30, 2018

Each Friday, the Commodity Futures Trading Commission (CFTC) publishes the Commitment of Traders report.  Any entity holding a position in corn of 1.25 million bushels or in soybeans or wheat of 750,000 bushels is required to report that position to the CFTC each week.  The report publishes the data as of Tuesday of that same week.  Additionally, the CFTC monitor...

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Technical Analysis and The Great $3.80

Published on Monday, July 23, 2018

The months of June and July have been filled with ongoing fundamental discussions about global trade, tariffs, exports, yield, balance sheets, crop conditions, etc., etc., etc.  While these are all very important pieces of information for us to consider as we work towards understanding markets and consequent price movements, the picture is still incomplete.  There is another realm which ...

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Expectations Revised

Published on Monday, July 16, 2018

Corn prices continue to struggle.  While we were hopeful that the market would heat up as did the weather, it appears those chances have all but dissipated.  Reports continue to roll in projecting another great crop.  While the USDA has yet to adjust their estimate on yield, currently 174 bpa, the expectation is that they will address this in an upcoming report. Private analysts hav...

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