Weather risk premium reenters soy complex
Futures activity Spot soybean futures rose 30 cents on the week to $13.37 per bushel. New-crop soybean futures continue to...
Dry forecast raises corn above $6.00
Futures activity Jul-23 futures rose all week off a dry weather outlook from $5.54 per bushel to back above $6.00...
Daily agriculture technical outlook
A dismal year for soybean oil exports that perhaps represents a new standard for soybean oil export demand In the...
Soybean exports to China pick up
Soybean exports for the week of May 18 increased by 52 percent from the previous week, putting accumulated shipments at...
Daily agriculture technical outlook
Fed rate increases slowing economic growth. The signs of slowing economic growth are all around us but none more meaningful...
Daily agriculture technical outlook
The flight out of commodity index funds has been weighing on grain market prices, but a floor may be near...
Daily agriculture technical outlook
Another summer of high gas prices at the pump, but should remain well below last year's record highs While...
Weekly agriculture technical outlook & money flow report
Monday money flow report: Corn: (C ⇓) A new weekly low close for corn on Friday that saw prices drop...
Soy complex under pressure
Futures activity Jul-23 soybean futures closed the week at $13.0725 per bushel, down 7 percent from Monday’s settle and the...
Black Sea agreement pressures grains
Futures activity Jul-23 corn futures lost 38 cents this week, settling today at $5.5450 per bushel, the contract’s lowest value...
Daily agriculture technical outlook
Existing home sales decline 23 percent YOY. The National Association of Realtors (NAR) released its monthly existing homes sales data...
Corn export commitments stall under reductions
Net 2022/23 corn export sales turned negative again during the week ending May 11, thanks to almost 440,000 MT of...
Soybean exports to China continue to decline
U.S. soybean exports for the week of May 11 declined by 54 percent from the previous week, putting accumulated shipments...
Daily agriculture technical outlook
High Plains drought summary/Wheat tour 2023 The comments below are taken directly from USDA/NOAA Drought Monitor. Of particular note, is...
Daily agriculture technical outlook
EIA sees Henry Hub natural gas rising above $3.70 per mmBtu by year end The Energy Information Administration is forecasting...
NOPA April crush slows, below average expectations
April 2023 soybean crush was below analysts’ expectations: At a record breaking 173.2 million bushels, soybean crush was the highest...
Daily agriculture technical outlook
WASDE lowers potential floor for corn prices for 2023/24 marketing year Friday's first look at the 2023/24 corn balance sheet...
Weekly agriculture technical outlook & money flow report
Speculator money flows slowed ahead of Friday WASDE report Large speculator money flow report: Corn: (C ⇓) For the commitments...
WASDE: Better days ahead for 2023/24 soy complex
The first look at the 2023/24 soy complex balance sheet points to a considerably improved market scenario both in the...
WASDE confirms corn market bears
As the upcoming crop becomes the focal point for the market, USDA today released its first forecast of the 2023/24...
Soy complex prices rebound on economic news
Futures activity Futures were volatile this week. Jul-23 soybeans closed Friday at $14.3650 per bushel, up 9 cents from Monday...
Turbulent week for corn as May WASDE looms
Futures activity Jul-23 futures were down to $5.68 per bushel Wednesday morning, setting a fresh ten-month low, not seen since...
Daily agriculture technical outlook
Employment report Friday maybe a yawner Payroll reports are almost always highly anticipated by the market, but I don't think...
Soybean exports to China increase
U.S. soybean exports for the week of Apr. 27 picked up by 24 percent from the previous week, putting accumulated...
Daily agriculture technical outlook
Dislocation of price relative to supply and demand for KC wheat much improved from last year, but still elevated and...
Biofuels monthly update: May 2023
Production and use data for ethanol, biodiesel, and renewable diesel. Updated biofuel market factors.
Daily agriculture technical outlook
One last insurance hike for the Fed? The market is fully expecting Federal Reserve Chairman Powell and the Open Market...
Daily agriculture technical outlook
Crude oil and recession, what should we expect and how might it impact soybean oil? Spot WTI futures faded from...
Weekly agriculture technical outlook & money flow report
Grain and soy complex extend lows on new speculator short selling all entering into technically "oversold" conditions. Lean hogs could...
Soybean oil breaks below 50 cents
Futures activity Soybean oil prices continued to drift lower all week, breaking below 50 cents per pound on Q4 2023...
Corn futures below $6 for all but May-23 contract
Futures activity May-23 corn futures are now the only contract above $6, closing this week at $6.36 per bushel. July-23...
Daily agriculture technical outlook
Kansas gets some needed rain. Wide portions of Kansas are seeing some needed rainfall of up to 2 inches in...
Daily agriculture technical outlook
Has the liquidation of long-only commodity index funds ended? On February 22, 2022, index fund (ETFs, mutual funds) longs in...
Weekly agriculture technical outlook & money flow report
Broad market selling hits grain and soy complex as fears of recessionary demand destruction rippled through equities and energy. Large...
Corn prices fall sharply to end the week
Futures activity Corn prices were under pressure this week, with the Jul-23 contract dropping to $6.15 per bushel, down 20...
Soy complex futures under pressure this week
Futures activity May-23 soybean futures fell $0.34 over the week to close at $14.83 per bushel today. Nov-23 futures fell...
Daily agriculture technical outlook
Grain prices consolidating but at higher levels post 2020. Price spreads between wheat and corn are normalizing, but some intra-wheat...
Soybean exports to China slow
U.S. soybean exports for the week of Apr. 13 declined by 15 percent from the previous week, putting accumulated shipments...
Daily agriculture technical outlook
A refresher on our "Daily Technical Outlook" charts. Now that the CFTC has caught up and resumed publishing its commitments...
Daily agriculture technical outlook
Some positive carry still available for corn buyers, but it may not last much longer For corn buyers, the last...
Daily agriculture technical outlook
Drought and soil conditions in Kansas continue to decline. According to the latest drought monitor, as of April 11, conditions...
NOPA March crush above average estimate
March soybean crush was above analysts’ expectations: At 185.8 million bushels, soybean crush was the highest for the month in...
Weekly agriculture technical outlook & money flow report
Speculative interest in the grain market is primarily neutral with a slight bearish bias toward corn and wheat and soy...
Old-crop corn futures post minor end-of-week recovery
Futures activity May-23 corn closed higher today by $0.14 per bushel at $6.66 per bushel, up about 12 cents over...
Global soybean market dynamics support futures
Futures activity May-23 soybean futures closed just above $15 per bushel, up by about $0.13 for the week. Nov-23 soybean...
Ethanol stocks hold stable amid lower production
EIA reported ethanol production averaged 959,000 barrels per day during the week ending Apr. 7, a 13-week low and down...
Soybean exports to China hits second highest for April
Soybean exports for the week of Apr. 6 went up 22 percent from the previous week, putting accumulated shipments at...
Daily agriculture technical outlook
Headline inflation moderating but shelter costs boost core levels. Headline inflation as measured by the consumer price index (CPI) rose...
U.S. 2022/23 soybean S&D unchanged in April WASDE
The key takeaway from today’s WASDE report is that with U.S. soybean ending stocks unchanged from March, coupled with lowered...
U.S. 2022/23 corn stocks unchanged in April WASDE
Today’s S&D update was quiet for U.S. corn. USDA tweaked 2022/23 supply and use, but the changes offset each other,...
Daily agriculture technical outlook
Drought conditions keep large premium built into hard red winter wheat prices Drought conditions in the High Plains and in...
Weekly agriculture technical outlook & money flow report
Buying outpaced selling for the first time in six weeks in the grain and soy complex, managed money traders hold...
Soy complex dips ahead of WASDE next week
Futures activity Soybean oil prices could not hold an early rally on Monday as futures retreated below 55 cents per...
Corn futures ease with bevy of reports next week
Futures activity Corn futures could not sustain last week’s rally and began trickling lower Tuesday. Dec-23 futures fell from $5.74...
Daily agriculture technical outlook
It's a Good Friday employment situation day... Despite an abbreviated trading schedule today, the Bureau of Labor Statistics will still...
China adds to outstanding U.S. corn orders
Corn exports during the week ending Mar. 30 were up 70 percent from the previous week but still a bit...
Daily agriculture technical outlook
Corn rally stalls, soybean meal weakness, consolidating wheat, new lows for lean hogs, and new draw-downs from the SPR. No...
Daily agriculture technical outlook
Can natural gas prices maintain below $2.00 mmBtu? The Ukraine war combined with low seasonal stocks of natural gas here...
Biofuels monthly update: April 2023
Production and use data for ethanol, biodiesel, and renewable diesel. Updated biofuel market factors.
Daily agriculture technical outlook
Speculator sentiment favoring soy over corn may be shifting, but the shift so far looks to be more neutral than...
Spot corn futures rise on confirmation of tight supply
Futures activity May-23 corn futures rose 11 cents today to settle at $6.6050 per bushel after USDA’s quarterly grain stocks...
USDA reports offer support to the soy complex
Futures activity Soy complex futures rocketed higher today via support from today’s USDA acreage and stocks reports. May-23 soybean futures...
Grain, sugar beet plantings expected to increase in 2023
USDA’s 2023 estimation for corn planted acreage is up 4 percent from 2022 at 92.0 million acres. This was slightly...
Lowest March corn stocks since 2014
Today’s quarterly Grain Stocks report was around expectations for corn, with 7.4 billion bushels in storage as of Mar. 1,...
Soybean exports to China continue to rise
Soybean exports for the week of Mar. 23 rose 63 percent from the previous week, putting accumulated shipments at 44.5...
March’s lower corn pricing offset decline in coproduct credit
Corn basis: Basis bids around Decatur, IL were close to +29 on average during the March reconciliation period, up from...
Daily agriculture technical outlook
Is the world sugar rally getting long in the tooth...speculators seem to be leaning that direction? The nearby price of...
Weekly agriculture technical outlook & money flow report
Fully updated COT report showed bearish sentiment in the grain and soy complex reached the highest seen in over 2...
Soybean oil prices fall to 15-month low
Futures activity Soybean oil futures dipped further this week, with the spot market closing at 52.17 cents per pound Thursday,...
Corn futures see end-of-week recovery
Futures activity May-23 corn ended the week up $0.10 at $6.43 per bushel. Meanwhile, Dec-23 futures ended the week right...
Daily agriculture technical outlook
Lower demand could set the stage for a new crude oil range between $60 and $75 per barrel. Three...
Soybean exports to China hits a high for March
Soybean exports for the week of Mar. 16 slowed slightly, down 1 percent from the previous week, putting accumulated shipments...
Daily agriculture technical outlook
Fed raises rates for the ninth consecutive FOMC, despite recent stress in the global banking system. Yesterday, the Federal Open...
Daily agriculture technical outlook
Is the great corn liquidation of 2023 still yet to show up in prices? The CFTC released its final catch-up...
Daily agriculture technical outlook
U.S. grain export picture improving on multiple fronts. There are at least a few reasons to believe exports of U.S....
Daily agriculture technical outlook
Managed money de-risking neutralizing agricultural commodity positions. Last week was highlighted by managed money and non-commercial reportable traders taking off...
Ethanol stocks up 2% YOY
Weekly ethanol production and use for blending were down 1 to 2 percent during the first half of March, while...
Soybean exports to China continue to slow
Soybean exports for the week of Mar. 9 rose 33.1 percent from the previous week, putting accumulated shipments at 42.8...
Soy complex under pressure this week
Futures activity May-23 soybeans fell by roughly $0.17 per bushel from their peak to close the week at $14.7650 per...
Corn balances bank struggles vs. Chinese buys
Futures activity May-23 corn futures move up 17 cents to $6.34 per bushel. Dec-23 futures slowly rose this week from...
Daily agriculture technical outlook
Ahead of the prospective planting intentions report, large speculator positions in grain are diverging from soy Our chart of the...
Daily agriculture technical outlook
Stocks aren't the only asset class in "risk-off' mode, investors are fleeing from commodity funds as well. Since peaking in...
NOPA February crush below average estimate
February soybean crush, slightly below analysts’ expectations: At 165 million bushels, soybean crush was the second highest for the month,...
Daily agriculture technical outlook
CFTC reports record selling in corn futures and options... the longest streak of speculator bullish positions appears to be coming...
Daily agriculture technical outlook
Headline or core, which inflation measure should we be monitoring? Not all inflation is created equal and in the case...
Daily agriculture technical outlook
Federal Reserve, Treasury, and FDIC step in over the weekend to shore up banking confidence The collapse of Silicon Valley...
Soybean oil futures plummet on general market weakness
Futures activity May-23 soybeans closed at $15.0700 per bushel, down $0.22 per bushel over the week. Nov-23 soybean futures fell...
Corn prices continue to tumble
Futures activity Corn futures slid further this week, with the May 23 contract falling 23 cents to $6.17 per bushel....
Daily agriculture technical outlook
Could employment be the last leg to drop, or will it keep us out of a significant recession? Commodity markets...
Soybean exports slow seasonally
Soybean exports for the week of Mar. 2 slowed up by 34 percent from the previous week, putting accumulated shipments...
Corn exports reflect stronger shipments to Mexico
U.S. 2022/23 corn exports saw their strongest week to date during the week of Mar. 2, with over 1.05 MMT...
Daily agriculture technical outlook
Carry returns to the wheat market suggesting an easing of supply concern, it should also signal a time for buyers...
Soy complex gets bullish boost from WASDE
U.S. soybean ending stocks were lowered by 15 million bushels to 210 million as USDA added back 25 million bushels...
Domestic, global corn stocks boosted on weaker use
In today’s WASDE release, U.S. domestic corn ending stocks were raised to 1.342 billion bushels because of a 75 million...
Daily agriculture technical outlook
Fed Chairman Powell fires another shot across the economy bow. In 1978 President Jimmy Carter signed into law the Humphrey-Hawkins...
Daily agriculture technical outlook
Drought Monitor flashback I don't think I need to comment too much on the pictures below other than to say...
Daily agriculture technical outlook
Historic run of bullish sentiment likely nearing a cycle completion and ushering in a more neutral and lower volatility bias ...
Corn market quiet ahead of WASDE
Futures activity Mar-23 corn closed a bit higher this week at $6.4525 per bushel. Dec-23 ended the week at $5.71...
Soy complex recovers from early-week pressure
Futures activity Soybean oil futures saw little movement week over week, with H1 2023 contracts still between 60 and 61...
Corn prices plummet after 2023/24 USDA outlook
Futures activity Spot corn prices quickly pulled back to $6.50 per bushel this week, the lowest since late December 2022...
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