Market Movers

Exports were disappointing yesterday, easing back and finding where new support will be

Exports were disappointing yesterday at 947K, on a fundamental basis one poor week is not a major,event but we know traders have been cautious of an export slow down so some easing is expected

Continue reading →

Analysts expect exports strong at 1850K, like corn traders are likely thinking a lower number

Just as we have seen the previous 5 weeks, traders are leaving price at a level that assumes poorexports of 1000K or lower

Continue reading →

Surprising changes to carryout takes fair value to 470, the bar is now set high for exports

Some major questions trade is likely to have: Can the export new export goal be reached? While notas difficult, can the new ethanol goal be reached? 2 questions which may limit a move towards 470

Continue reading →

Going into this report corn is priced at a level that assumes a small carryout decline which is expected

Going into this report corn is priced at a level that assumes a small carryout decline which is expectedtoday. Beans are still trading a carryout number a fair amount higher than 0.469 and wheat is inbetween those two priced slightly low but not as drastic as beans.

Continue reading →

Small pre report buying expected again

The pre report buying is likely to remain small as the expected carryout change is only likely to movefair value from 440 up to around 445

Continue reading →

Exports yesterday a new record for that week, parts of ARG slightly drier this morning

We may see some light pre buying of Tuesday’s report but most traders are still avoiding anything aggressively long for fear of what may happen to exports after Jan 20th

Continue reading →

Exports yesterday a new record for that week, parts of ARG slightly drier this morning

We may see some light pre buying of Tuesday’s report but most traders are still avoiding anything aggressively long for fear of what may happen to exports after Jan 20th

Continue reading →

Analysts expecting exports moderate, likely that traders are expecting a poor number today

We may still see pre report buying ahead of Tuesday but without seeing at least some 8 AM sales that bounce might be limited, trade’s largest concern right now is exports slowing

Continue reading →

Overnight trade goes back to fear trade, have not seen an 8 AM sale for corn since Nov 25th

As soon as Euro markets opened last night all grains saw a new round of pressure, possibly fearingtariffs again but there wasn’t much in fresh tariff news yesterday/last night

Continue reading →

March at 430 holds this market again

March at 430 holds this market again, Dec crop report a week away and may be supportive

Continue reading →

Same tariff concerns seen here, morning maps drier for ARG, current exports are very strong

As with corn the tariff headline threat will have less effect over time and especially so if currentexports continue strong but for now we should link the word “tariff” with “slightly bearish reaction

Continue reading →

Exports expected strong around 2000K, even on seeing this trade likely to remain cautious

Just like corn, trade is likely to remain cautious even on seeing strong exports as most are concerned about upcoming tariff increases to China which may slow their buying pace down the road

Continue reading →

Friday’s exports are expected slow keeping resistance on corn, tariffs were the talk yesterday

Next month’s December crop report won’t likely make many changes but could serve as a reminder how under priced corn/beans are right now, it could be lightly supportive without changing anything

Continue reading →

Dollar still eased slightly but not showing signs of a turn lower, technical bounce

After yesterday’s active selling a small technical bounce was seen, likely aided by not seeing the dollar move higher last night, March CHI can bounce to 571 ¾ and still hold the downtrend line

Continue reading →

Export fear still priced in but both weekly/8 AM sales recently strong, SA weather still solid

It may seem hard to believe but fair value for Jan is still 1035 and exports have not slowed enough to change that level, this means all that is needed for a moderate recovery is export fear to ease

Continue reading →

Exports very strong, bean oil may be spilling over resistance to beans, SA maps a non issue

After running to 2 year highs, palm oil is now easing back from those highs which in turn is causing bean oil to ease back and that may be one of the reasons for the recent weakness in bean trade

Continue reading →

If fear selling in beans spills over pressure to corn again

If fear selling in beans spills over pressure to corn again it is likely we will find both speculative buying as well as improvement in exports at March levels around 430

Continue reading →

Weight from beans, exports are expected strong tomorrow, haven’t seen 8 AM sales recently

There has not been an 8 AM sales announcement for corn since Wednesday, normally that would not be too concerning but with trade fearful of an export slowdown it could cause pressure soon

Continue reading →

March returns to fair value levels

March has returned to the 440 fair value level, now the question is if exports can remain strong to suggest moving that fair value level slightly higher due to USDA raising exports

Continue reading →

Funds buy 16K, exports not as poor last week as trade feared, overnight resistance again

Overnight continues the pattern of pessimistic export expectations, after seeing last week’s exports at a moderate level we will see if this light selling continues after 8:30

Continue reading →

Exports expected strong at 1250K – 2700K, record ethanol report yesterday, following beans

Overall demand remains very strong for corn, the USDA has figures factored in that suggests it will slow eventually but for now both exports and ethanol are above USDA expectations

Continue reading →

8 AM sales continue, ethanol expected strong again today

8 AM sales continue, ethanol expected strong again today, less spill over weight from beans

Continue reading →

BB back to lower again, trade was optimistic again yesterday pricing in steady cash this week

BB lower again after a 1 day bounce (like we saw last week), packer profits at a dismal sub $0 level

Continue reading →

Overnight traders seem to still be highly concerned that the Trump victory will mean an instant slowdown of Chinese buying

Yesterday there were no gov’t reports so we didn’t see any 8 AM sales but overnight traders seem to still be highly concerned that the Trump victory will mean an instant slowdown of Chinese buying

Continue reading →

Funds buy 40K, now long 22K or 5% of record

Funds buy 40K, now long 22K or 5% of record, too early to tell if they plan to build a long position

Continue reading →