Daily Grain Commentary
The overnight markets are starting to show signs of life again, but considering the bean market is down nearly 10% since the first of the month things are just trying to get its footing again before it starts to run.
USDA
Daily Grain Commentary
Published Friday morning, 11/2/12 The overnight markets are easing due to the fact that FCS issued its estimates yesterday afternoon and to no surprise the bean yield was raised to 39.1 with overall production at 2.959b. The corn yield was also raised to 124 which is a bit surprising with overall production at 10.884. The markets as of 8CST are trading down 7-8 in the old crop beans while
Grains Commentary
Grains Commentary – Published Monday morning, 10/29/12 The effects of Sandy are creating havoc across the entire East Coast and could have effects for the next 72 hours if not longer, in the meantime the grain markets are open and it appears that $ flow is leaving the soy markets and shifting back to grains with corn trading +3-4, wheat has gained 4-5, while beans are down 12-14, meal
Grains Commentary
The overnight markets have continued where yesterday left off with gains being posted in nearly every market. The grain market seem to be gaining some interest again as the equity markets have lost nearly 4% in the past week, this lowers the overall bench market of returns for the year and gives some more runway to trade and place risk back on knowing that the equity benchmark is now up 11% rather than 15%.
Grains Commentary
The overnight markets have continued where yesterday left off with gains being posted in nearly every market. The grain market seem to be gaining some interest again as the equity markets have lost nearly 4% in the past week, this lowers the overall bench market of returns for the year and gives some more runway to trade and place risk back on knowing that the equity benchmark is now up 11% rather than 15%.
Grains Commentary
Not sure if it’s the fact that Obama won the debate last night or the fact that earnings continue to fall below expectations but it appears that the market is quickly moving back to a risk off environment moving back to capital preservation mode.
Grain Commentary
It’s a new day and a new week and after last week’s dismal start to market sentiment and price activity the markets actually finished the week higher vs. the previous week and is continuing the momentum this morning.
Grain Commentary
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
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
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.
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