US Markets

U.S. Corn Futures Weekly Outlook: Yields Overwhelm Bulls

U.S. December corn futures have been showing weakness for some time now, as supply concerns continue to weigh on traders. Prices dipped again last week, but bulls hope that the market is beginning to fully price in this year’s crop. Let’s discuss what’s happening in the corn market and review…

U.S. Economic Surprise Index Higher as Hard Data Concerns Grow

The Economic Surprise Index soars higher on increased survey readings. We have seen an overall surprise beat from consumer confidence, empire manufacturing surveys, and the Dallas Fed survey. This further emphasizes the hard data versus soft data debate. Hard data being those data points which are not survey based and…

U.S. Corn Futures Market Outlook: Pricing In A Huge Crop

The price action for U.S. December corn futures has been weak for some time now, likely due to the reality that supply continues to outweigh demand. As the corn market digests this reality, the bulls hope is that the market has fully priced in this year’s crop. Let’s discuss and…

US Corn Futures Weekly Market Outlook: Demand Stalls

Trade volume and volatility on December U.S. Corn futures has been weak, mirroring a similar sentiment and reality on the demand side. The corn market looks like it needs more time to digest its supply side issues…  but there’s a lot going on. Let’s review and discuss the week ahead….

U.S. Corn Futures Weekly Outlook: Navigating The Maze

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…

Housing Market: Trouble Brewing On Rising Input Costs

The Housing market run into some trouble over the near-term… But the long-term picture is still bright. I recently wrote about the strengthening economy and housing boom in the United States… and how a Millienial tailwind should give the market a boost over the coming 5-10 years. So why am…

U.S. Energy Trade Deficit Nears Zero As Options Expand

This US energy update was power by data from my firm Avory Research. The chart highlights the shrinking energy trade deficit, the drop in solar prices, and the increase of total US crude production. The US energy trade deficit is nearing zero as U.S. production of crude oil, coupled with…

Is The Unemployment Rate “Right”?

The topic of the unemployment rate has come up a lot recently with regards to debates around full employment, wage growth, inflation, the stage of the business cycle, and of course monetary policy. These are all critical inputs into the macro backdrop which is of great relevance to most of…

FWIW: Saying It Slowly Doesn’t Help

The most fundamental basis for economics is human decision-making. Satisfying needs and wants creates demand. Engaging in a vocation to provide a good or service of value to others generates supply. The intersection of the two is a market. This week we introduce the unique insight of Mark McElroy. Mark…

U.S. Corn Futures Trading Outlook & Market Insights – October 9

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…