The 2018 World Cup is fast approaching, with national sides making their final preparations ahead of this summer’s tournament. We now know the groups after
Conflicting fundamentals heading into the USDA report had the market trading choppily to the upside this week. Improved demand has been paired with abundant supplies
Soybean reached two year highs into this week as export sales receive a nice boost from South America’s supply dilemma. Flash sales in the USDA
Corn gained 4% over the past week on an aggressive move to fresh 11 month highs. Flash sales in the USDA Newsroom were quiet for
Reuters headlined a story this morning regarding Argentina’s waterlogged soybean farms. An agronomist from Buenos Aires Grain Exchange has said a third of the farms
The bearish surprise from the USDA resulted in record daily trading volumes (930,250 trades) in corn during Thursday’s session. Planting intentions were estimated at 93.601
Yearly Ranges: CK High 378.25 Low 354.25 38%=369.25 50%=366.25 618%=363.50 Gap on the daily chart at 365.25 CZ High 395 LOW
There were a number of supportive factors for soybean futures into this week with contracts gaining nearly 10 cents (+1%) from last Thursday. HighGround is
Abnormally dry conditions in the plains alongside economic uncertainty in Brazil lifted grains to fresh highs into Thursday though supportive export sales sure didn’t hurt.
Today is the monthly WASDE report for grain and oilseeds. In my opinion, the report is more likely to harbor bearish rather than bullish surprises.