Agriculture

U.S. Corn Futures Weekly Outlook: Headwinds Persist

May corn futures moved slightly higher this week, closing up 3 ¼-cents per bushel week-on-week, finishing on Friday (3/17) at $3.67 ½. Friday’s positive close was important for corn bulls with May corn futures under significant selling pressure from March 6th through March 14th, breaking 23-cents per bushel from high-to-low…

Corn Futures Outlook: Weighing Brazil’s Record Production

May corn futures for 2017 moved sharply lower this week, closing down 16 ½-cents per bushel week-on-week, finishing on Friday (3/10) at $3.64 ¼. Friday’s close was disappointing for Corn Bulls with May corn futures unable to hold the 100-day moving average at $3.673. May corn futures had not closed…

U.S. Corn Futures Weekly Review: 2017 USDA Ag Outlook

March corn futures moved lower last week, closing down 4 ¼-cents per bushel week-on-week, finishing on Friday (2/24) at $3.64. March corn futures are now 16-cents per bushel removed from the prior week’s day high of $3.80 (2/16). Friday’s March Corn futures (CH7) close was below both the 35 and…

U.S. Corn Futures Weekly Outlook: Is The Rally On?

March corn futures moved higher this week, closing up 9 ¼-cents per bushel week-on-week, finishing Friday (2/10) at $3.75 ½. March corn futures (CH7) closed at its highest level since July 13th, 2016. The big question now:  Can the rally continue? WEEKLY MARKET HIGHLIGHTS U.S. Ethanol Stocks Continue to Climb: In…

US Corn Futures Weekly Outlook: Ethanol Production In Focus

March corn futures moved higher this week, closing up 2 ¾-cents per bushel week-on-week, finishing on Friday (2/3) at $3.65 ¼. CH7 continued to show an inability to close above key price resistance at the 200-day moving average of $3.684, despite challenging that level once again on Thursday. That said…

U.S. Corn Futures Price Outlook: Is A Breakout Coming?

March corn futures moved higher this week, closing up 11 ¼-cents per bushel week-on-week, finishing on Friday (1/20) at $3.69 ¾. With the January WASDE report now distinctly in the rearview mirror, the market focus shifted this week to more positive pricing trends for both U.S. corn demand and potentially…

U.S. Corn Outlook: Fine-Tuning 2016 Yield Estimates

Private October U.S. Corn yield estimates remain strong. FCStone, as well as other notable private forecasters, issued their October 2016 corn yield estimates this week in advance of the USDA’s release of its October 2016 Crop Production and WASDE reports next Wednesday (10/12). FCStone issued U.S. yield projections of 175.2…

Grain Prices Looking To Find A Nearby Bottom

The reasons are mounting for a nearby low in grains, namely the price action. The guys from Trading On The Mark discuss what to look for when asking, will grain prices bottom soon?  As with most commodities, grain prices have been following a generally downward path since 2012. However, there are…

US Corn Weekly Outlook: Prices Fall As Dollar Surges

The corn market was reduced to a standing eight count last Monday and Tuesday. Over that 2-day stretch, December corn futures closed down a combined 40-cents per bushel. The summer corn rally gave way to strong selling pressure last week. This was likely attributed to two key price drivers: A…

Soybean Meal Rally Stalls: Trading Bias Shifts To Downside

Soybean Meal has rallied roughly 70% off it year-to-date lows, as Agricultural commodities are back in vogue. The current weight of the evidence however, suggests that the tactical bias in Soybean Meal has shifted from bullish to neutral / bearish. In short, that means that the soybean meal rally is…