February 24, 2018 - Author: Ken Morrison
One common theme in a number of markets is their rallies are now at resistance or remain stuck within trading ranges. The week ahead could be important for establishing the next move. Read More...

February 22, 2018 - Author: Ken Morrison
Valid concerns continue about the drought in the Southwest Plains but it's not unusual this time of year nor do they always endure beyond planting season. Read More...

February 21,2018 - Author: Ken Morrison
Today's sharp pullback on heavy volume in Live Cattle had no obvious catalyst but established clear support by which we can gauge subsequent price action. Read More...

February 20, 2018 - Author: Ken Morrison
In the weekend edition we pondered the notion if funds would continue their 3-week buying spree with price levels now at resistance. Today's price action may have provided clues to the issue. Read More...

February 17, 2018 - Author: Ken Morrison
The past 3 weeks indicates producers seized the opportunity to transfer inventory when funds stepped up to cover short positions. The question now is whether funds shift from a defensive posture to a more offensive one. Read More...

February 15, 2018 - Author: Ken Morrison
With only 20% of the crop year remaining, we take stock of wheat exports and the challenges faced to meet current forecasts. Read More...

February 14, 2018 - Author: Ken Morrison
The consumer-price index got the inflation watcher's attention with the 'hotter-than-expected' number wreaking another day of havoc on bonds sending rates to a new recent high. Read More...

February 13, 2018 - Author: Ken Morrison
This is not everything you need to know about what has been and will continue to drive interest rates but it's a good start. Read More...

February 12,2018 - Author: Ken Morrison
The rising cost and shrinking availability of truck transportation may become an important component in the market's increasing sensitivity on inflation. Importantly, upward pressure on consumer prices may add challenges toward achieving USDA's targets for beef and pork consumption. Read More...

February 10, 2018 - Author: Ken Morrison
China's announced investigation alleging U.S. is dumping grain sorghum into China took a quick 10% out of U.S. domestic grain sorghum prices. The mere prospects of losing China's demand, 95% of the U.S. export market, will alter planted acreage for it plus corn, cotton, and maybe soybeans. Read More...

February 8, 2018 - Author: Ken Morrison
USDA made some revisions to U.S. exports, some justified and others perhaps prematurely optimistic. Read More...

February 7, 2018 - Author: Ken Morrison
Markets that were leaders have turned lower; those that were weak have suddenly found favor. It's possible the price-action we are seeing is the unwinding of major bets by money-managers. Read More...

February 6, 2018 - Author: Ken Morrison
EIA released their latest oil outlook today indicating U.S. oil production will reach the 11 million barrels/day benchmark sooner than previously expected. Read More...

February 5,2018 - Author: Ken Morrison
Escalator up, elevator down is a well-known adage for market behavior. The past few days has shaken confidence in global stocks and we consider possible implications for economic-sensitive commodities. Read More...

February 4, 2018 - Author: Ken Morrison
Funds became very aggressive buyers of grain and soy recently far surpassing estimates of their activity. The result is considerably less risk they are now holding from record or near-record short-positions. It also indicates prices reached a level triggering massive producer sales. Read More...

February 1, 2018 - Author: Ken Morrison
Can you guess the biggest bear market over the past 3-4 months? You'll have to read today's newsletter to know the correct answer but here's a hint: Have you applied for a short-term loan recently? Read More...

January 31,2018 - Author: Ken Morrison
Month #1 for 2018 is now market-history. It's interesting to compare price-levels and trading ranges of major commodities to year-ago January levels. For many, prices and volatility are higher year-over-year. Read More...

January 30, 2018 - Author: Ken Morrison
Kansas historically produces 40-45% of U.S. hard winter wheat, by far the single-largest producer. Given current crop conditions there, we constructed a 'what if' balance sheet providing big-picture perspective. Read More...

January 29, 2018 - Author: Ken Morrison
Recent commodity leadership is taking a breather while some of the laggards are improving, a theme we see continuing near term. Read More...

January 27, 2018 - Author: Ken Morrison
It was an eventful week for commodities aided in part by the weaker Dollar Index. Commodities, led by Energy and Metals, closed at their best level since 2015. Further advances will need help from the laggard markets. Read More...

January 25, 2018 - Author: Ken Morrison
Much has been written about the loss of U.S. market share on soybean trade with China but the explanation resides mostly in fundamental supply and other competitive advantages. Read More...

January 24, 2018 - Author: Ken Morrison
Weakness in the Dollar was 'credited' with the broad-based commodity rally today. We review the current momentum with an outlook what it will take to build upon today's momentum. Read More...

January 23, 2018 - Author: Ken Morrison
Signs of anxiety continue as a new round of talks on the future of NAFTA began today. The stakes are high, especially for U.S. pork producers. Read More...

January 22, 2018 - Author: Ken Morrison
Friday's Cattle on Feed report may be as important for the quarterly message on breeding stock retention as the cattle inventory. Read More...

January 20,2018 - Author: Ken Morrison
As measured by money-at-risk, there is more conviction in select commodity markets than ever. Those convictions may not suit our desires but, like politics, changing conviction requires a fundamental change or threat to prevailing beliefs. Read More...

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