corn

Grain Commentary
Commodities

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It’s hard to believe that the markets are actually now higher on the week by nearly 35 cents in beans and 10 cents in corn after the week had started. The overnight markets are attempting to sustain the gains of yesterday. The overnight news that spiked the wheat markets higher is based on the fact that Ukraine announced they will ban wheat exports starting on November 15th, there is still a lack of clarity if this affects the sales on the books that are scheduled to ship after the 15th or just preventing any further sales.

Daily Grain Commentary
Commodities

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Could the dog be waking up? The overnight markets are showing signs of life again as things seem to be making an attempt of coming back to life for the bulls. The beans are trading 15-20 higher, meal has gained $4-5, oil gained 25-30, corn is up 4-5 and wheat is up 6-7.

Grains Commentary
Commodities

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The overnight markets once again are attempting to rebound after yet another disappointing day yesterday. The beans are marginally higher, meal is down in the nearby contracts and higher marginally in the deferred, oil has gained 25-30 points, corn is up 2-3 while wheat has gained 3-4. The bottom line is that the overall market is in a quagmire right now and there is not much influential news.

Energy Report
Commodities

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The overnight markets have made a feeble attempt of recovering some of the devastating losses that have occurred in the past 2 trading session. The beans as of 8:00Cst are hovering near 10 cents higher in the session, meal has gained $3, oil increased by 40-50 points, corn increased by 6-8 and wheat has gained 8-10. Its Tuesday and the markets have been punished over the past few sessions, don’t be too quick to jump back on the bull wagon as there has been extreme technical damage and the beans have a gap that should be filled down to 1478 that dates back to June.

Energy Report
Commodities

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Daily Grains Commentary -The overnight markets remain subdued as it’s now just a waiting game for another USDA report. The beans are trading with minor losses so far in the early AM hours, meal has lost a few $’s while oil has gained a small amount. The wheat is trading slightly higher as weather fears in Australia are catching more attention and corn is down a few cents as further long liquidation is taking place.

Energy Report
Commodities

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The overnight market seems to continue to digest the ideas that the yields are still coming in above expectations and that the USDA figures will show significant increases. The beans have eased back by 10-13 cents most of the evening session, meal has lost $4, oil is down 25-30 points, and corn fell by another 5-7 while wheat is standing alone trading on the positive side gaining 2-4 cents.

Energy Report
Commodities

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The music seems as if it is starting to play again as once again the export sales remind us that the world is running out of beans. The beans now have erased all the losses of earlier in the week trading +30, meal has gained $7, oil increased by
30 points, corn increased by 6-8 and wheat has posted gains of 4-5 cents

Energy Report
Commodities

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The overnight trade continues to show that margins are causing $ flow to exit the building as frustration seems to be taking over. The beans have lost double digits again, meal fell by nearly $5, corn gave back 6-8 cents, and wheat has lost 7-8 while bean oil is the shining star trading on the positive side by 3 points.

Energy Report
Commodities

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The S&P is up over 14% on the year, $ follows $ and the world loves equities over nearly everything else, is it any surprise to see a surge in equities yesterday while grains get punished and it happened to be the 1st day of the new quarter?

Energy Report
Commodities

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The overnight session gives a bit for everyone as the market continues to digest the past USDA report. The corn market is the market back on the front page as supplies remain tight. The beans are also tight but not as tight as many had assumed and wheat is also shrinking on the supply side. The bottom line is that the USDA once again was able to absorb some early harvest into the old crop figures and as long as there is early harvest this pattern seems to work. The question is what do they do when there isn’t an early harvest? This is a debate for another time as it doesn’t matter today.