Heavy Lifting
Wednesday, February 17th, 2010 Posted in Uncategorized | No Comments »The inverse correlation of feeder cattle prices to feed prices is being challenged, for regardless of whether the prices of such inputs as corn or soymeal go up or down -- feeder cattle keep powering up. FCK0 posted new swing ...
Oilseeds and Grains Better on the Day
Tuesday, February 16th, 2010 Posted in Uncategorized | No Comments »Today was a day where most commodities received a boost. The $US was lower by 70-some points basis the DXH0, equities were higher, and energies were higher - except for nat gas. The combination of these three helped push the ...
A Beautiful Bottom? … In Beans
Friday, February 12th, 2010 Posted in Uncategorized | No Comments »Soybeans have been on a losing streak. Will this trend persist? July '10 Soybeans (SN10) closed the first trading day of the year at $10.67/bushel. Today we're trading around $9.60 or so. Of the many reasons for the break, a primary one has been ...
Expectations for November USDA S/D Report
Monday, November 9th, 2009 Posted in Uncategorized | No Comments »We have the November USDA S/D numbers due out tomorrow morning at 7:30am central time. For reference, I have posted a set of expectations for production and ending stocks. Click on the thumbnail image below to zoom in. (Courtesy of Informa Economics, Inc.)
A Whiff of Weakness?
Wednesday, October 14th, 2009 Posted in Uncategorized | No Comments »The grain and oilseed markets today continued their upward march, that is until they didn't. Five of the most recent six trading days have seen higher intraday moves compared to the previous day with respect to SX9. Sx9 has rallied ...
Quarterly Hogs & Pigs Estimates
Thursday, September 24th, 2009 Posted in Uncategorized | No Comments »One of the factors contributing to the weakness in beef has been the perception of formidable competition from declining prices in competing proteins. If we narrow the competition down to chicken, turkey, & pork, what we really find is turkey ...
Back From Blog Holiday (& Summer Hiatus)
Wednesday, September 9th, 2009 Posted in Uncategorized | No Comments »Hello again, All: August tends to be a lethargic month when it comes to trading. Once Labor Day is behind us, we typically see a renewed focus on all things trading. This is why I took a hiatus in August from ...
New Lows in Wheat
Wednesday, July 29th, 2009 Posted in Uncategorized | No Comments »Indicative of lethargic demand and a lack of significant trouble for the Northern Hemisphere wheat crop development/harvest, Chicago and KC wheat futures broke into fresh new swing lows today. For the WU9, this marks an approximate 28% decrease in the price of ...
What Weather Scare?
Tuesday, July 21st, 2009 Posted in Uncategorized | No Comments »Kind of hard to believe, but can we have a summer without a summer rally for grains/oilseeds? As I write this, CZ9 is breaking into new low territory for this entire bear market. All the wheat markets are stubbornly stuck ...
Soybean Rally Failure
Wednesday, July 15th, 2009 Posted in Uncategorized | No Comments »Early on in the trading session all the ducks were in a row for a Grain/Oilseed rally. The $US is under sharp pressure, energy prices are higher, commodity indices are rallying, & equities are markedly higher. So what happened to ...