Election Influence

Steve Bruce Grains Leave a Comment

We are approaching the wrap up phase of the 2018/2019 corn and bean crops and the final 20% of the 2019/2020 seeding of the winter wheat crop…………………………………………………………There is still a concern that there’s still too much corn and beans  and too little space which could keep end users calm and cool and able to wait through the winter to accumulate a deeper  long position………………………………………………………………..Traders are keeping a keen eye on the southern hemisphere weather for any reason to start the process prior to March 2019………………..

 

 

 

Pasture conditions are rated as very good to excellent for most of the USA by the USDA and subsoil and topsoil conditions are more than adequate , as well!……………………….What can go wrong???………………………………………………………..With winter approaching and winter wheat developing a healthy stand before dormancy there’s no urgency to chase a rally in any grain or oilseed…………………………………..Yet, this can change if anything of consequence happens to the Australian and/or Argentina wheat crops or the Brazilian and Argentine corn and beans……………..

 

 

 

The macroeconomic influences of world trade pacts and monetary policy might be changed next week depending on the results of the midterm election………………………….As of this writing the market still is jittery,  uncertain that Republicans will retain control of both Houses of Congress………………………………………There are some entities guessing that if the House of Representatives flips to the Democrats  that we could enter a two year phase of market obstruction which might lead the markets lower…………………..Hopefully, we’ll know the results next Wednesday!

 

 

 

 

 

 

 

The information contained on this site is the opinion of the writer and obtained from sources cited

within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.

 

 

 

 

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Steve Bruce


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