Grain Comments
Monday, August 3rd, 2020
First of all I will be out of touch Sunday 8-2 and back Weds.5th around noon. Grains need some new mojo or an m 80 needs to explode. Just no interest in Corn trade but trends are down. Corn is testing BIG support 309-300. If need be to sell for cash my advice look at...
Monday, July 27, 2020
End of the month Friday the 31st. Weather looks to cool down to normal / slightly below normal temps.and dry. China purchases are impressive. BUT we still are below the norm. August is here this coming weekend. Beans should be the leader of grain trading be it bullish...
Sunday, July 19th
Wed. 22nd Cold storage Report Friday 24th Cattle on Feed also Friday Last Trading Options (Aug. short dated options) Refer to my comments last week July 13th Most numbers are the same Big change has been the China buying of Soybeans and Corn. They have really step up....
Monday, July 13th
Tuesday the 14th Last Trading Day July Grain Contracts Wed. 15th NOPA Crush Number USDA report imho pretty uneventful. BUT weather ruled the trade Friday with maps adding more rain less heat. China booked 2nd largest single day US Corn purchases on record. Market...
Monday, July 6th, 2020
Hope everyone had a GREAT 4th and a safe one. USDA threw a 105 mile fast ball right past the corn shorts and even a change up to soybean BULLS. 92 mil. corn acres is a slight game changer for the position of short players. Now the weather. One MUST have a plan to...
June 29th, 2020
Tuesday 30th Grain Stocks and Planted Acreage USDA Also this week end of the month and quarter Thursday 2nd Early Grain close 12:05 Friday the 3rd Closed. Bad week for grains. Rain makes grain and Covid-19 threat to close and slow down states added to the pressure....
Monday, June 22, 2020
Monday 22nd Cold Storage Report Thursday 25th Hogs and Pig Report China says they will BUY US Ag. products and continue to work on the Phase 1 trade agreement numbers. Looking at numbers:Last week CN +2.50 CU + 2.75 CZ +2.25 WN -20.75 WU -22.50 WZ -22.50 SN...
Sunday, June 14, 2020
Monday 15th NOPA Crush 11CDT Friday 19th Cattle on Feed Report Corn finding support between the 50 day and 20 day ma. Nov beans did close above the 100 day ma. If it holds the breaks the gap at 900-903 is next target. IMHO only IF the weather turns warmer drier this...
Sunday, June 7th 2020
This week USDA Report Thursday 11th (should not be a real market mover) End of the moth Tuesday the 30th Grin Stocks and Planted Acreage is the market mover. US Dollar vs. the Brazil Real help grains move higher for the week. Technicals on charts look encouraging and...
May 31, 2020
There are no comments this weekend. BUT corn had a nice performance Be safe in these crazy times Full Moon coming around Friday night.
Good Luck and Good Trades
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