Overview: Corn and soybeans were weak today while wheat was higher. Traders were nimble in their interest with many sitting on the sidelines until after the report. They remember all too well the volatility and knee jerk reaction created from the September Grain Stocks Report and the October Crop Report a few weeks ago. Guesses[…]
Corn Outlook: Corn futures are being supported by the Fed’s proposed quantitative easing program that is weighing on the dollar. In addition, traders are bullish expecting the USDA to lower their yield estimate in the crop report next week from the current forecast of 155.8 bpa. In other developments, export inspections were disappointing at[…]
Overview: The grains were firm in the overnight session, but lost their momentum during the pit trade because of the rebound in the dollar. While the Commitment of Traders Report on Friday showed that the fund long position in corn is below the record set in early October, their longs in soybeans has risen to[…]
Overview: Grain futures were mixed today from month-end position squaring and a dearth of fresh news. Meanwhile, GDP growth was reported at 2.0 percent, which means inflation is tame. Traders expect the Fed’s to come to the rescue of the economy next month with a second round of quantitative easing. However, this is old news[…]
Overview: Corn and soybeans were higher again today as the funds are buying back the positions that they liquidated early last week. Right now, traders are wildly bullish, which is predictable considering the bullish USDA report on Friday and the current stage of the pattern that we are in now. However, as I mentioned in[…]
Overview: During the past several sessions, the funds have gobbled up anything that related to commodities. However, they may be getting their fill, as soybeans were higher but corn and old crop wheat lower. Overall, traders are bullish from disappointing corn yields in the U.S., freeze threats in China and dryness in South America. Meanwhile, investors[…]
Overview: The commodity funds were out in full force today, which was the reason behind the strength in grains. Commodities, in general, were higher across the board even though the dollar was stronger. Most of the gains came in the overnight session, which is the typical “M.O.” of the funds. Keep in mind that they[…]
The good news is corn may be approaching multi-year highs, the bad news it, you probably won’t have much of it to sell if the current harvest reports are to be believed. Dewey Strickler explains as he analysis the week’s activity from the CBOT and what it means for the nation’s farmers. Corn Outlook: Exuberance in corn abounds from[…]
Overview: There were no startling surprises in the crop production report today other than the soybean yield was higher than expected at 44.7 bpa. Meanwhile, traders expect the USDA to lower corn yields from 162.5 bpa in subsequent reports. Right now, the driving force in the grains is the funds, which are holding enormous long[…]
Good Morning. Welcome to the blog of Ag Watch Market Advisors. It is our goal at Ag Watch Market Advisors to provide farmers with information they can use to increase their bottom line. It is not enough to just provide content; that is the purpose of news. It is not enough to just provide analysis;[…]