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Market Moment

Grains results for All Months from All Years

Mother Nature making a Power Play ahead of May WASDE

Published on Monday, May 8, 2017

Corn planting progress has not kept pace with a year ago and there are concerns about flooding impact in the Southern Corn Belt, particularly Illinois.  Those concerns came to a head last Monday following the winter storm that devastated the Southern Plains and Western Corn Belt. Today, the planting progress was pegged at 47%.  This compares with 34% last week, 61% last year at this same...

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Cattle Markets Surge Higher...and so do Grains

Published on Monday, May 1, 2017

The month of April was a moonshot for cattle markets, with the final week being more extreme than the rest.  In the last several days, cash cattle prices surged as packers competed for limited supplies of market-ready animals. Active placements in the month of March have kept feedlots more current than has been the case in over a year. Surging cash prices pulled futures market prices much hig...

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The US Dollar...Providing New Opportunity for Grain Markets?

Published on Monday, April 24, 2017

Since election night last November, the US Dollar (USD) has maintained a stronger posture that for the most part has kept values north of 100 on the Index...until recently.  See Chart.  Since making its peak at the beginning of the year, the greenback has worked diligently to stay above par. Three times it was violated.  Twice it returned to levels above 100. The exhaustion of late ...

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Fund Position...Still Very Short

Published on Tuesday, April 18, 2017

As we work into the spring planting rush, much discussion has been building about the wet conditions in the upper Midwest and potential planting delays. However, traders are often slow to add premium to April delays as we need to linger well into May before any major impact on yield is often realized. See Plant Date vs. Yield Chart. The old adage of "a bushel a day after the 10th of May", sti...

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World Grain Supplies Set the Tone

Published on Tuesday, April 11, 2017

The USDA released its monthly WASDE report this morning.  Stronger markets prior to its release were met with softer markets afterwards.  Rather than explaining the USDA's numbers, we would rather let an excerpt of the report do the talking: COARSE GRAINS: This month’s 2016/17 U.S. corn outlook is for increased corn used to produce ethanol, reduced feed and residual use and unchanged en...

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