May 25, 2017 - Author: Ken Morrison
Friday's Cattle on Feed report during the trading session and Tuesday's first-of-the season crop condition rating by USDA each have market-moving potential. Read More...

May 24, 2017 - Author: Ken Morrison
We take a look at momentum across a wide swath of markets identifying the positive, negative, and the in-between. Read More...

May 23, 2017 - Author: Ken Morrison
Picking up on U.S. proposals to expand the Conservation Reserve in the next Farm Bill, we look at possible unintended consequences of removing U.S. supply from the global market. Read More...

May 22, 2017 - Author: Ken Morrison
2008 and 2013 may provide useful perspective to measure the impact on crop conditions of the current saturated soil and cool temperatures. But they also remind us there's more to making or breaking yield potential than May and June weather. Read More...

May 20, 2017 - Author: Ken Morrison
Corn producer's attention is shifting from 'will the corn market ever rally' to 'will it ever stop raining'. Wet and cold are holding up crop progress and I expect the coming week the market will take notice. Read More...

May 18, 2017 - Author: Ken Morrison
Alleged corruption involving Brazil's President sparked a crisis of confidence in the Brazilian Real pushing domestic soybean prices higher to levels not seen in 2 months. Continued Real-weakness is likely to shift demand in Brazil's favor. Read More...

May 17, 2017 - Author: Ken Morrison
The fundamentals of global grain supply are forecast to improve by end-2018 according to USDA's latest forecast. It's not a cause to do hand-stands as a number of unknowns remain but the trend is encouraging. Read More...

May 16, 2017 - Author: Ken Morrison
We consider possible surprises that could shift the fundamental thinking about crops and crop prices. Read More...

May 15, 2017 - Author: Ken Morrison
Any concern of delayed crop planting may have been brushed aside by this afternoon's weekly update. Limited areas are still behind schedule but the current forecast should allow progress this week. Read More...

May 13, 2017 - Author: Ken Morrison
Most markets were marking time last week but there were a couple standout exceptions that deserve closer analysis. Read More...

May 11, 2017 - Author: Ken Morrison
Green shoots, a term normally used to describe economic recovery, may be applicable to the broad commodities. We see signs of a more positive sentiment shift. Read More...

May 10, 2017 - Author: Ken Morrison
USDA's forecasts for 2017/2018 now sets the benchmark for subsequent updates. Don't get too comfortable with today's forecasts, they are likely to change, not all future changes will be positive. Read More...

May 9, 2017 - Author: Ken Morrison
We review how the professional money-managers are positioned heading into USDA's May report. Read More...

May 8, 2017 - Author: Ken Morrison
USDA issues their first look at the 2017/2018 global supply and demand Wednesday. Relative to the pre-report survey and market expectations, I'm less optimistic about USDA's export forecasts. Read More...

May 6, 2017 - Author: Ken Morrison
Today is Derby Day in the U.S. but the field of 20 horses has no clear-cut favorite. The muddy conditions compound the challenge of picking the winner. Commodity markets are dealing with similar challenges where the outcome can still produce surprising results. Read More...

May 4, 2017 - Author: Ken Morrison
The results of the Kansas Wheat Tour reinforced the vagaries of estimating crop yields in the challenging conditions left by last weekend's blizzard and sub-freezing temperatures. Read More...

May 3, 2017 - Author: Ken Morrison
Cattle futures (and cash-cattle) are standing out among all markets for their recent surge in prices and volatility. It has me thinking about past examples of parabolic market behavior and the commonalities of human behavior that accompany them. Read More...

May 2, 2017 - Author: Ken Morrison
We look at a cross-section of the 12 major markets, their money flows the past 2 months, and how their trends may develop. Read More...

April 29, 2017 - Author: Ken Morrison
There are certainly plenty of weather events to consider. Thus far the mere forecast of the events have not translated to much impact on futures but we'll see if the actual events are influential when trade resumes. Read More...

April 27, 2017 - Author: Ken Morrison
Packers were in a buying frenzy for market-ready cattle bidding prices $7-$8 above levels only 24 hours ago. The catalyst for such a change of heart remains elusive. Read More...

April 26, 2017 - Author: Ken Morrison
The market's anxiety and uncertainty over the direction of U.S. trade policy and relations with our two largest trade partners, Mexico and Canada, came to light today when the White House announced they were drafting a notice of withdrawal from NAFTA. Read More...

April 25,2017 - Author: Ken Morrison
2017/2018 crop year is shaping up to be an interesting year among the 3 major classes of U.S. wheat. The comparative supply of hard red winter vs. spring wheat has not been at this level in at least 10 years. Read More...

April 24, 2017 - Author: Ken Morrison
Crop markets showed better balance among buyers and sellers with grain generally holding support while soy continues to rally. This afternoon's planting progress reports, better than expected, will be a good test of the market's sentiment. Read More...

April 22, 2017 - Author: Ken Morrison
Friday's Cattle on Feed report set a new 21-year old record for placements in March exceeding all market expectations by 100,000-head. The weight-classes also showed heavier weights than last month indicating market-ready supply implications for mid-summer. It will test the resolve of those friendly/long cattle. Read More...

April 20, 2017 - Author: Ken Morrison
Grains, especially wheat, could hardly have been uglier today with winter wheat setting new contract lows. But the key will be follow through or lack thereof. Read More...

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