Market Moment
Grains results for All Months from All Years
Technical Damage to Wheat
Published on Wednesday, February 20, 2019Within the US grain discussion, typically wheat takes a backseat to corn and soybeans; however, as of late it has gained attention from both a fundamental and technical perspective. On February 8th, the USDA announced wheat planted acres were down 1.2 million acres due to excessive precipitation and cool temperatures during the planting window. This provided little support to a market ...
Learn MoreThe US Dollar...Back on the Rise
Published on Monday, February 11, 2019Without question, the biggest conversation in our market today is trade. Whether you reference China, Canada, or Mexico, choose to discuss soybeans, dairy, or livestock products, trade is the 700 lb gorilla in every market discussion. As an industry that has invested heavily into our participation in global markets, the 10 month disruption to trade has cost us dearly. While polit...
Learn MoreFebruary USDA Data Dump
Published on Friday, February 8, 2019USDA World Agriculture Supply & Demand Estimates- February 2019 WHEAT: Projected 2018/19 wheat ending stocks are raised 36 million bushels on reduced feed and residual use and lower seed use. Feed and residual use is lowered 30 million bushels on larger than expected second-quarter stocks reported in today’s NASS Grain Stocks report. Seed use is down 6 million bushels reflec...
Learn MoreWheat Gains the Spotlight
Published on Monday, February 4, 2019While we wait for the updated WASDE and Grain Stocks report, there is a third piece that will also be watched...Wheat Seedings. This report, which was due in January during the shutdown, gives us the first look at where wheat acres will be for the year, given the limited amount of fall field work that took place (wheat planting included). This number will be of great interest, given th...
Learn MoreThe Government Re-opens.....for now
Published on Monday, January 28, 2019The longest running US Federal Government shutdown came to an end today. Since December 22nd, government services have been largely idled. Most of the USDA's workforce of roughly 95,000 was furloughed during the 36 days of the shutdown. Consequently, some 62 reports and key data releases were withheld during that time. Unfortunately, we may slip back into the very same situ...
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