USDA Uncertainty

Steve Bruce Grains Leave a Comment

                                Sonny Perdue has the USDA working through tomorrow, December 28  and probably next week yet, things may change in early January when we see the transition in  the House of Representatives………………..There is uncertainty over if and when reports are issued given the government slowdown/shutdown and we will be learning as we go…………………………………..The January 11 reports are on the bubble! …

Looking Ahead

Steve Bruce Grains Leave a Comment

                                Southern hemisphere weather, Federal Reserve policy and  geopolitical happenings might be the focus of the grain markets for the next month…………….The January crop reports(the Mother of All Reports)  is set be released on January 11 at 11:00 Chicago time! The USDA is scheduled to release the final production figures, grain stocks as of December 1, winter wheat seeding and …

Wheat

Steve Bruce General Commentary, Grains Leave a Comment

Can wheat keep on running?………………..  Beans may be experiencing the old “Buy the rumor and sell the fact!”…………….Corn is stuck between the two…………………..Futures might rally and, spreads might widen and basis levels  might be met with a lot  of movement if they raise their heads as temporary storage stocks could be moving before Spring………………                                 We still sense that the …

March Corn Option Strategy

Peter Ori Grains Leave a Comment

Corn fundamentals point to higher prices in my opinion. Demand has risen, shipments are higher, while planting has fallen and farmers in the US in some areas, because of rain, hail and snow have lost their crops, which have been knocked down so harvesting equipment cannot harvest resulting in lost bushels in some areas. The market is a long ways …

AG TIME – MUCH TO CONSIDER

John Walsh Grains Leave a Comment

The soy has had a nice rally. It is important to realize that this is a historically high price given the stocks to usage. In addition, the current price is actually $1.60 per bu higher given the Administrations one time payment to the farmer this year.  The board is playing a bit of roulette here in my opinion. The market …

World Concerns

Steve Bruce Grains Leave a Comment

Politics and  Federal Reserve policy statements have been having a major impact on grain and bean prices as harvest has wrapped up in the northern hemisphere. Traders are looking at weather  conditions in South America and Australia and it appears that things look good in the near term which suggests that the world will be awash in soybeans for the …

Respect and the USDA

Steve Bruce Grains Leave a Comment

Grains prices are tied to the political talk and posturing with China and the likelihood of a new trade agreement……………………………………………………………………It’s been brutal as many ugly accusations and allegations have surfaced as it appears that  the time of pretending that things haven’t happened is over! Hopefully, things will turn to sea shells and balloons and unicorns and puppies soon and agreements …

Knowledge is Good! As is Respect!

Steve Bruce Grains Leave a Comment

Always keeping an eye on the Great Lakes-St. Lawrence Seaway System for updates on closings and such as it applies to deliveries……………………………………….Stoppers can always rail or barge stocks out but Lakers always carry the most bang for the buck…………………………………….       There has to be a reason for grains to be open during the National Day of Mourning for …

FEBRUARY SOYBEAN OPTION STRATEGY

Peter Ori Grains Leave a Comment

March Soybeans appear to be a buy as tariffs seem to be getting lowered by the Chinese after Trump and Xi had their meeting Saturday as both agree lower their tariffs and to trade on a more equal footing, in my opinion.  March Soybeans last as of this writing 923-6. Chinese demand for Soybeans as well as Asian area countries …

Alchemy

Steve Bruce Grains Leave a Comment

We’re there or almost there with stopping Kansas City futures, taking the bushels and loading them on rail cars and shipping them up to deliverable Chicago elevators…….Is there enough time and are there entities out there capable and willing to use their facilities? Speculators might theorize and contemplate being long KC and short Chicago yet, it takes actual cash traders …