Every day the Market Day Report delivers “live” coverage of agri-business news, weather, and commodity market information from across the world. Scott contributes information on the complete agriculture spectrum with a focus on the option markets. View today’s video
What Happens Next?
The USDA figures will be known soon and there will be a reaction. Yet, what moves the markets as we get into the heart of the growing season? Of course, we’ll be following weather forecasts across the globe and we’ll be focusing on trade agreements or the lack thereof and the things that the administration might implement to soften …
Bad Attitude/Bad Weather
Does world grain demand really slip that much sans a trade deal with China? We haven’t seen soybeans this low since the Fed got rolling with quantitative easing back in 2009. Demand is still here but the helicopter money isn’t! Central banks appear to have run out of ink! Regardless, it’s not pleasant in the agricultural world with prices …
Livestock Report
June Lean Hogs gap consolidated within Tuesday’s trading range. Trading above the session high at 90.40 could see price test resistance at 92.375. A break down below the 87.575 low could see price approach the Monday low at 85.375. With mid-night Friday morning fast approaching, traders are hoping for news on the trade talks with China. This is the …
Grain Spreads: Headlines
After showing a little life last week, grains returned to the downside this week following renewed concerns or progress of a trade deal with China in my view. As said many times on my thread, trade the charts and do your best to avoid the noise. Planting windows are starting to show up in the Midwest next week in the …
Livestock Report
June Lean Hogs gap opened lower and with expanded limits (4.5) in place, nearly went down limit. It dropped to a new low at 85.375 before doing an about face and rallying to the session high at 91.35. Yep, that’s right a 6 handle rally to the high. The Wild Wild West has nothing on the Hog market. That’s …
Friday’s Reports
Please remember that the USDA releases its first winter wheat production estimate at 11 on Friday. We’ll also get the usual international production figures and domestic and international Supply/Demand projections. Respect the USDA! The 2019/2020 crop year is starting with some underlying bullishness as winter wheat acreage is the lightest it’s been in a century and corn, oats, …
Livestock Report
June Lean Hogs opened down limit and stayed there for the entire trading session. It settled at the down limit price of 89.75. President Trump tweeted on Sunday that more tariffs and higher tariffs on goods that already have tariffs are coming. Some as soon as this Friday as he said talks are moving too slowly and his patience …
Today’s Market Day Report
Every day the Market Day Report delivers “live” coverage of agri-business news, weather, and commodity market information from across the world. Scott contributes information on the complete agriculture spectrum with a focus on the option markets. View today’s video
Weather Still Counts
China is still a consumer and it’s probable that they buy corn and beans from someone in this world. Might be US origin or might be South American. Regardless, the prices are right for usage and someone is going to make the trade! How do the funds get out of their short positions? Farmers are the long and …