Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn was a bit of an inversion to beans today. The old crop stocks were 2098 bil bu. Smaller than anticipated. While the new crop was estimated at 3318 bil bu. The old crop offered support  today with the market trading up 5 cents. The funds are (approx) short 200 t bu. This coupled with the fact the Chinese …

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. …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn story is consistent. Overall weakness is due to plenty of supply. Increased by the failing ethanol process. This is a key fundamental and will take a bit to turn. The USDA planting intentions yesterday are overstated IMO. This is a long term market consideration. The near term will be plagued by the demand destruction. The positives are …

Accuracy and Reliability

Steve Bruce Grains Leave a Comment

Recent published studies indicate that the USDA is getting more reliable and accurate with September production and supply/demand estimates when compared with the final figures…………..Just another reason that the USDA should be respected and the report on Wednesday approached with respect and caution……………….. When compared with the August figures over the last twenty years the final corn production figures were …

Tasks at Hand

Steve Bruce Grains Leave a Comment

The USDA will issue new production and supply/demand estimates next Wednesday at 11:00 am Chicago time…………………Trade estimates are being released and it appears that the expectation is for the bean crop to be larger than the previous USDA estimate in August while the corn crop could be very close to the August estimate…………….Carry over projections in both domestic and international …

Harvest Approaches………Preliminary 9/5

Steve Bruce Grains Leave a Comment

It appears as if “Anything Goes” as we approach corn and bean harvest, wheat seeding, mid-term elections and new trade deals with Canada, China and others………………….We are a week away from the USDA Production and Supply/Demand estimates for conditions as of September 1 …………………. Some crop tours have suggested  that the corn crop is close to the August USDA figure …

End of the Month Positioning

Steve Bruce Grains Leave a Comment

In my opinion it just feels like a short covering bounce in corn and beans after the August slide as the weather still appears to be conducive for allowing the crop to get larger………….Crop tours are still reporting that yield potential may exceed the estimates the USDA issued in August. First notice day on the September futures tomorrow………. Wheat is …