U.S. March corn futures are showing some signs of life… but is this simply a relief bounce from oversold conditions? Prices rose last week, giving bulls some breathing room. But they will need to change the fundamental picture for an rally to have staying power. Let’s discuss what’s happening in…
The past week saw a nice trading bounce in December Corn Futures… but the range is intact until it isn’t. Below is a recap of the trading action and what’s to come this week. U.S. Corn Futures Weekly Highlights & Insights: Monday’s Weekly Crop Progress report showed the U.S. corn…
WEEKLY HIGHLIGHTS: With the October 12 Crop Production report quickly approaching, a number of notable private analysts started offering their October U.S. corn yield estimates this week. FCStone in particular revised its October U.S. corn yield forecast to 169.2 bushels per acre with total production of 14.129 billion bushels. This compares…
The September round of flash manufacturing PMIs saw our composite “global flash PMI” rising +0.4pts to 54.7 – the same level it got to in January before ranging as low as 53.9. Looking at the breakdown, all 3 major components were up in September: Eurozone +0.8 to 58.2 USA +0.2…
The big focus this week is on whether the Fed will either hike rates, announce Quantitative Tighening (QT) aka balance sheet normalization, do both, or do nothing…. but a bigger set of trends are playing out at a global level in the monetary policy space. The key chart in this article came…
December corn futures closed UP 1 ½-cents per bushel week-on-week, finishing at $3.56 ¾ on Friday. Corn bulls continue to defend the $3.50 price support area. But they are in need of a script-altering catalyst if prices are to sustain any rally attempt. Fundamentally, the corn market remains mixed. WEEKLY…
With every market-moving tweet, promise, provocation and policy proposal, President Trump has changed the investing and trading landscape. Finance Twitter is but a petri dish of sentiment representing what’s happening beyond the stream. And clearly it is lit up with arguments–sometimes loud, angry, fact-maligning rants–for and against the POTUS and his…
Optimists hope that government will eventually move on to tax reform, while pessimists worry that the Obamacare repeal-failure means tax reform is even less likely. Meanwhile, geopolitical concerns (here and abroad) are adding to market uncertainty for investors. Despite the worries, the economy continues to grow and add jobs. Below…
This article was written with Craig Basinger. This week we wrestled with what to focus on given the many big moves we have seen in the markets including bond yields, the Canadian dollar (C$) and crude oil. Our problem stemmed from the fact that these three topics were covered in…
July corn futures moved slightly lower this week, closing down 3 ¾-cents per bushel week-on-week, finishing on Friday (6/16) at $3.84. Corn futures although closing lower on the week did manage to climb out of a big hole following Monday’s (6/12) down 10 ½-cents per bushel trading session. Weekly Corn…