Market Moment
Grains results for All Months from All Years
Planting. Progress?
Published on Monday, April 22, 2019Beginning in April of each year, the National Ag Statistics Service (NASS) publishes a weekly report known as Crop Progress. While the methodology for the report is sometimes contested by onlookers, it is a consistent benchmark that helps us compare one crop year to other years. And by the numbers, the report published this afternoon suggests that planting across the United States...
Learn MoreTechnically...A Set Up
Published on Monday, April 15, 2019Last Tuesday the funds officially moved to a new record net short position in corn at a staggering 294,352 contracts short ( see chart below ). While this certainly has not allowed for great pricing opportunities, it may be the very catalyst that allows for better opportunities. Upon closer observation of the chart below, it becomes apparent that the managed money does not ty...
Learn MoreUSDA WASDE Report - Neutral
Published on Tuesday, April 9, 2019Across Wheat, Corn, and Soybeans, very little by way of surprises were brought forward in the USDA's April release of the World Agricultural Supply & Demand Estimates (WASDE). Corn ending stocks rose in harmony with the larger Quarterly Grain Stocks report released at the end of March. On that same note, soybeans were left largely unchanged. The USDA made little by way of cha...
Learn MoreUpcoming WASDE Report Considerations
Published on Monday, April 8, 2019Any time the market has an infusion of new information, we have a greater chance for volatility. On the last day of March the USDA quarterly stocks and planting intentions reports were released with a few surprises and volatility ensued. US corn stocks were pegged nearly 300 million bushels above the highest trade estimates, which was a huge surprise to say the least. That c...
Learn MoreA Flood of Developments
Published on Monday, April 1, 2019The USDA brought a flood of selling to the market following its release of the Quarterly Grain Stocks and Prospective Plantings reports on Friday. Below is a quick snapshot of how acreage is shifting relative to current estimates. For a fuller view of the numbers, Click HERE to be directed to the download. However, with the reports now behind us, there is a different flood s...
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