Sunday, December 11, 2016

The long MLK weekend seemed to be an excuse for soybean speculators to rethink the bullishness that came out of the Jan. 10th USDA reports.

For the last couple of weeks I have been saying that only the March Planting Intentions Report from USDA can help this market. My idea has been that I don’t see bullish news anywhere on the horizon. But, I do think that farmers will like $13 soybeans better than $4 corn.

Grain market traders got evened up ahead of today's USDA report.

Once again we can talk about the harvest low, except that we have to worry that the actual low is not in, and may not be seen until anticipation of the January Inventory Report by USDA.

The EPA is proposing a cut in what we refer to as the “ethanol mandate.” Although this is still a proposal, it hit the market like law.

The corn yields are surprising, and staying huge as the harvest goes on. Everyone's waiting for USDA's report Nov. 8.

One axiom in the grade trade is that big crops keep getting bigger. This does not necessarily mean that the crop improves, but that...

It should not surprise us that rainy weather has delayed harvest. It delayed planting, and cool weather did not allow the crop to catch...

The grain harvest delay has been the excuse needed to see prices perk up a little.

If the harvest is disappointing, we could see a rally into the late harvest. If not, we have not yet seen the low.
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