December 5, 2022 - Author: Ken Morrison
EPA added some uncertainty surrounding feedstocks for the biodiesel industry last week , a catalyst for selling soy oil. Fund-driven sales may be overshadowing the fundamentals in soy oil. Read More...

December 3, 2022 - Author: Ken Morrison
Initial disappointment with EPA's proposed biodiesel volume targets gave way to concerns and uncertainty about EPA's approval of rapeseed oil for biofuels and the implications for soy crush. Read More...

December 1, 2022 - Author: Ken Morrison
EPA's proposal for RFS volumes were construed disappointing relative to the known and planned biodiesel and RD capacity. Soy oil led the selling and soy crush margins declined about 20-cents/bushel. The final RFS is due in June. Read More...

November 30, 2022 - Author: Ken Morrison
I examine the results of Wheat-funds who have sustained a net-short position in SRW for 20 consecutive weeks. It's not what I expected. Read More...

November 29, 2022 - Author: Ken Morrison
In a follow-up to the piece on renewable diesel of 10 days ago, I examine the trend in soy crush margins and the value of diesel and the implications when diesel supply normalizes. Read More...

November 28, 2022 - Author: Ken Morrison
Fund-positions in main crops and soy products were pared for the third consecutive week led by soybeans. Net-long for the big 5 (corn, srw, soybeans, soy oil, and soy meal) is the smallest since mid-August. Read More...

November 26, 2022 - Author: Ken Morrison
Crude Oil returns to January levels, diesel futures premium to gasoline and refining margins narrow. All of this bodes well for reducing fuel costs. Read More...

November 22, 2022 - Author: Ken Morrison
Confirmation a cargo of Brazil corn is headed to China officially adds a third major supplier to China's list. I discuss the implications. Read More...

November 21, 2022 - Author: Ken Morrison
Crude Oil and Cattle were most interesting today, the former sent $5 lower on a WSJ report OPEC would increase production and later denied. Cattle show upside potential. Read More...

November 19,2022 - Author: Ken Morrison
The transition to less carbon-intense fuels is the biggest game-changer to U.S. agriculture since the RFS in 2007. The implications focus mainly on the soy complex but I differ with some who predict it will spur huge increase in U.S. soy acreage. Read More...

November 17, 2022 - Author: Ken Morrison
Various futures-spreads were showing some movement today and this week; many with a bullish bias. Price tends to take cues from spreads. Read More...

November 16, 2022 - Author: Ken Morrison
A chart about Crude Oil options a couple weeks ago was one of the best proxies imaginable to illustrate overwhelming bullish bias that's prevailed in Oil most of this year. December options expired today with the vast majority expiring worthless. Read More...

November 15, 2022 - Author: Ken Morrison
Russia-news started the day and Russia-news ended the day, each with distinctly different outcomes. It reinforces the market-sensitivity of the war in Ukraine. Read More...

November 14,2022 - Author: Ken Morrison
No shocking surprises in the latest CFTC report of trader positions where the influence of renewable & biodiesel has whet the risk-appetite of funds for exposure to the soy complex. Read More...

November 13, 2022 - Author: Ken Morrison
Reviewing global trade and market-share for the U.S. and other major exporters over the past 20 years can reveal some interesting trends. Some recent trends raise some concern. Read More...

November 10, 2022 - Author: Ken Morrison
Better-than-expected inflation triggered major rallies in stocks and bonds and weakened the Dollar. Not all boats floated in the rising tide but it shows the influence slight changes can make in the markets. Read More...

November 9, 2022 - Author: Ken Morrison
I expected 3 significant revisions from USDA in feedgrains that never materialized. Without significant progress over the next 30 days, the case for those revisions will remain valid. Read More...

November 8, 2022 - Author: Ken Morrison
Commodities lost the momentum they had at the end of last week. The love for oil and energy has gone missing and grains are threatening important support on the eve of another USDA forecast. Read More...

November 7, 2022 - Author: Ken Morrison
By numerous measures, Oil stocks are showing signs their valuations may be getting stretched. Earnings from the sector are one of the few bright spots in stocks and it's attracting a lot of investment. Read More...

November 5, 2022 - Author: Ken Morrison
On balance, professional money-managers added long-exposure last week putting money-at-risk to the highest level in over 4 months. The week ahead could be pivotal for the trend. Read More...

November 3, 2022 - Author: Ken Morrison
Barge freight values have come down a little but they are still 4-5X 'normal' levels with little hope of normal rates until the rivers get replenished. Read More...

November 2, 2022 - Author: Ken Morrison
I expect USDA to make revisions in Grain Sorghum's forecast next week with important implications for corn. Read More...

November 1, 2022 - Author: Ken Morrison
Wheat was kept off-balance most of the day until a 1-2 punch of uncertainty mid-day lifted it to the day's high. Read More...

October 31,2022 - Author: Ken Morrison
Russia utters more nonsense and the market jumps yet it's not clear Russia's 'temporary' suspension from their commitment to the Grain Corridor will immediately stop vessel-traffic. Read More...

October 27, 2022 - Author: Ken Morrison
Crop markets are in a period between harvest and mid-January relying on mostly routine information and lacking market-moving catalysts. Read More...

Existing Subscribers

Your user name is your email address and the password is as you designated upon subscribing.




Follow on twitter

Recent Messages