Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn rebounded today. Will this end the long decline?The biggest question is the domestic loss of Ethanol demand. The question of the US opening back up is important. The export pace has been reasonable. The USDA will release supply and demand on Thursday. There are many who look for an increase in stocks.  I present some food for thought …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans were steady overall. The bean oil was the leader to the upside. The USDA will release the supply and demand on Thursday. There are a couple considerations at present besides the report. The Argentinian, and now the Brazilian producers are having difficulty both moving and harvesting this years production. The interior in some areas is locked down …

Grain Spreads

Sean Lusk General Commentary, Grains Leave a Comment

Commentary: I’m seeing some possibilities within the wheat sector for consideration. The ideas come on two future possibilities for consideration. First soft red winter wheat ratings released this afternoon show very good condition in the soft red winter states. Good to excellent condition ratings come in as follows per the USDA. Illinois at 62 percent, Indiana 67, Michigan 55, and …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn continues to erode. The overall fundamental picture remains heavy with concerns over the ethanol situation. The market has dialed in the ethanol staying closed for some time. If realized, it would reduce demand by a horrific amount. It is my thought that the market has dialed in a worse case scenario. This could be mitigated if things …

Grain Spreads

Sean Lusk General Commentary, Grains Leave a Comment

Commentary: I’m seeing some bargain opportunities here within the grain sector despite all the negativity in the market. I think that there rea some realistic bets one can make here to establish some longer term bullish plays using some calendar spreads and inter-market ideas, that from a timing stand point are starting to make some sense to me. First Idea …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn has so much negative to deal with. One wonders when the fundamentals will be baked in the cake. The early trade Friday saw some buying on crude strength. The prevailing weak market took control. The Ethanol destruction is too much to overcome yet. The positive is that the Chinese purchased 570 t tn of corn. They have …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans are essentially range bound midway in a 60 cent range. The overall demand picture has weighed this week on beans as well as most markets in the AG. The USDA will release supply and demand estimates next week. The question is how much will they reduce exports due to corona, if at all. Looking forward at some …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn traded both sides today.  The early trade was fueled by rebounds in commodities. Talk of President Trump talking with Russia and Saudia Arabia regarding the Crude situation. The corn has broken a lot. The market continues to hold above the 332 basis March which may prove important. Looking forward there are many private analysts questioning the USDA acreage. …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy traded both sides today due to outside influence. The soy in the near term will look at the SA production estimates. The Brazilian estimates are coming down. This will open a window for the US to make sales to China. It is possible that the Chinese start to restock and US purchases should be on the buying …