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Market Moment

Grains results for All Months from All Years

Big Stocks Get Smaller

Published on Monday, September 30, 2019

The USDA released their Quarterly Grain Stocks report on Monday.  A state by state breakdown of corn and soybean positions can be seen below: Prior to the report, the average trade guess for corn and soybeans were as follows:         CORN: Range of Estimates: 2.150 - 2.511 billion bushels                     &nb...

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China - Back in the headlines

Published on Monday, September 23, 2019

While China has been a story for the better part of 18 months, much of the discussion in recent months of a coming trade deal has fallen on deaf ears.  This is particularly true because much of the discussion had its genesis in the White House where the agenda looked quite a bit different than what was being reported from China.  In an announcement 10 days ago, China commited to exemptin...

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Show Me The (Managed) Money

Published on Monday, September 16, 2019

In 1996, the movie Jerry McGuire was released.  While much of the movie has likely faded in most people's minds, there is one line that has stood the test of time...."Show me the money".  Twenty years earlier, another film, All the Presidents Men made famous the expression "Follow the money".  When it comes to commodity markets, the Commitment of Traders (CO...

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September WASDE update

Published on Thursday, September 12, 2019

The USDA released their September WASDE report today with only subtle changes.  Regarding corn, beginning stocks for the coming marketing year rose on the premise of smaller exports and ethanol grind in the 2018/19 marketing year that ended August 31.  Yield was adjusted lower by 1.3 bushels.  In the end, ending stocks rose 9 million bushels.  Soybean yields were lowered a...

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The Soybean Surprise

Published on Monday, September 9, 2019

Given all of the chatter and tweets about Chinese negotiations and the general lack of trade taking place between the US and China in the last 17 months, there have been some interesting trade developments coming out of some the official data published for July.  No surprise, corn exports have been mostly dismal as world competition fights to maintain market share.  Given recent lower pr...

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