Agriculture

U.S. Corn And Soybeans Update: 2016 Price Forecasting

Corn and Soybean summary for the week ending 5/20/2016: It was another week of largely sideways to slightly higher price action in corn futures with soybeans closing slightly lower. December corn futures closed up 1 ½-cents per bushel week-on-week, finishing on Friday at $3.99 ¾ per bushel. November soybean futures…

Grain Trade: Soybeans BreakOut Points To Higher Prices

Unlike an Apple’s quarterly revenue miss or a hedge fund activist tussle with a struggling multi-national corporation, business coverage on one of the world’s most important crops, soybeans, tends to be neglected in favor of a tech IPO or predictions of the next Fed Funds rate hike. Developments in the agricultural markets…

U.S. Corn Weekly Outlook: Price Volatility Set To Continue

The tug of war between bulls and bears in the corn and soybean market continued this week with the focus almost entirely on South American weather developments. And how this might affect the corn crop and soybean crop. Regarding Argentina’s soybean crop, the magnitude of the bushels lost due to extensive…

US Corn Weekly Review: Remembering $7 Corn Prices

For this self-avowed corn trader of nearly 16-years, the last 20-months in this barren wasteland of a market have been anything but prolific. Nearly every trading session has left me with the uninvited, yet distinct aftertaste of utter indifference. The corn market has read like a 21st century rendering of Milton’s…

Tactical Breakout In Soybean Meal Underway

In the Soybean Meal market, commercial hedgers are maintaining their largest net long position in history. This, combined with public sentiment sitting near multi-year lows and March being the second strongest period of the year, suggest higher prices may be ahead for Soybean Meal. Structurally, Soybean Meal peaked in late…

Coffee Futures Update: Big Rally Coming If Lows Hold

If you follow coffee futures, you know that it has been a frustrating year. Rallies have been stifled and price has fallen in a descending channel. In short, it’s be a grind lately. But there may be some good news on the horizon… IF the lows hold. You can see…

Corn Futures Weekly: Inside The National Ethanol Conference

I spent the early part of this week at the 2016 National Ethanol Conference in New Orleans. All anyone had to do was take one quick glance at the list of attendees to notice the immediate and inseparable link between ethanol and corn. I’ve noted in previous columns that nearly…

US Corn Weekly Review: February WASDE Report Summary

February WASDE Report Summary For Corn and Soybeans: On Tuesday the USDA released its February 2016 World Agricultural Supply and Demand Estimates (the February WASDE report). There were very few surprises in the report but it did weigh a bit on corn prices (futures). In corn the USDA increased the U.S. 2015/16…

Cocoa Futures Setting Up For A Tactical Bounce Higher

If you’re on the sidelines in the equity market, or don’t necessarily have much conviction long or short at current levels, Cocoa futures may be the non-correlated trade setup you’re looking for. There’s no clear edge in terms of sentiment or seasonality, but the price action suggests that a tactical…

9 Market Themes To Watch Heading Into 2016

First of all, I want to say that the purpose of this post is not to make predictions about the future, so if you’re expecting a 12-month price target for the S&P 500, you’ll want to look elsewhere. Throughout this exercise I used the weight of evidence present in markets…