January 28,2023 - Author: Ken Morrison
Tuesday's annual beef cattle inventory and 2022 calf crop is expected to point toward continued 'slimming' of future beef supply. It may be an under-appreciated story. Read More...

January 12, 2023 - Author: Ken Morrison
Revisions in harvested acreage and yields triggered the need to adjust demand for corn, cotton, and soybeans. Winter wheat acreage proved to be the biggest upside surprise ever vs. pre-report estimates but the largest increase in Texas earns an asterisk. Read More...

January 11,2023 - Author: Ken Morrison
The largest weekly rise in U.S. oil inventory in nearly 2 years didn't discourage oil from ending higher. Oil exports fell off a cliff last week ; the question is whether that's a sign of things to come. Read More...

January 10, 2023 - Author: Ken Morrison
Thursday brings the first producer-survey based report on winter wheat acreage and it could prove to be a wild-card surprise. Fewer than expected acres means U.S. wheat supplies remain at or near 10 year lows while a big surprise over expectations could be the catalyst to break important support. Read More...

January 9, 2023 - Author: Ken Morrison
USDA's updated forecast Thursday will provide a benchmark for gauging demand the remaining 9 months. I look at 3 scenarios to arrive at ending corn supplies. Read More...

January 7, 2023 - Author: Ken Morrison
The week ahead will be high-volume resulting from the annual index re-balancing period when index investors adjust portfolios to recommended weights with new money coming in and some investors exiting. USDA's January forecast tends to have far more influence on grain and soybeans. Read More...

January 5,2023 - Author: Ken Morrison
Ethanol production and gasoline demand were the lowest in 97-weeks. Extreme weather events account for much of the decline but each are ongoing trends of weakness. Read More...

January 4, 2023 - Author: Ken Morrison
The first 2 days of the new year have proven to be different than the final week of 2022 but also out of the norm when compared to most new year beginnings. Read More...

January 3, 2023 - Author: Ken Morrison
4 months into the crop year and updated forecasts coming next week, we look at progress toward current forecasts. Read More...

January 1, 2023 - Author: Ken Morrison
Closing the chapter on 2022, a look back on the forecasts of a year ago and ahead to expectations for a few select markets in 2023. Read More...

December 27, 2022 - Author: Ken Morrison
Dalian China soy futures were opened for foreign trade as of Monday. The past 2-days rally in China was a catalyst for a stronger opening but producers in Brazil seized the opportunity to sell. Read More...

December 24, 2022 - Author: Ken Morrison
All classes of wheat had their best rallies in several weeks influenced by a variety of factors. I look ahead to the index rebalancing period in January when an opportunity for short-covering may exist. Read More...

December 22, 2022 - Author: Ken Morrison
Post-the-close Friday the Quarterly Hogs and Pigs and monthly Cattle on Feed reports will provide insights to the meat-protein supply for 2023. Based on pre-report estimates, consumers should not expect much relief on prices. Read More...

December 20, 2022 - Author: Ken Morrison
It's the time of year when producers pre-pay expenses for 2023 inputs and begin to solidify their acreage plans. Although expenses are up vs. 2022, net revenue for corn and soybeans is not materially different than a year ago. Read More...

December 19, 2022 - Author: Ken Morrison
Some large price movements in 4 markets enabled the opportunity to follow up to the weekend edition's focus on momentum. Read More...

December 17, 2022 - Author: Ken Morrison
Measured by momentum trends, it's a mixed bag across the commodity spectrum. I discuss what it will take to move and sustain markets. Read More...

December 15, 2022 - Author: Ken Morrison
Following 2 strong months of soy crush, November fell short of expectations implying crush is only slightly ahead of a year ago. That will need to improve in order to achieve the full-year forecast. Read More...

December 14, 2022 - Author: Ken Morrison
U.S. corn exports, despite USDA's downward revisions, are still well below the pace needed to achieve the target. 3 months into the crop year, it's becoming clearer why U.S. is lagging. Read More...

December 13, 2022 - Author: Ken Morrison
USDA's Research-arm added clarity to Friday's forecast revisions for soy oil providing context how canola and other fats fit into the biofuels picture. Read More...

December 12, 2022 - Author: Ken Morrison
The build in diesel inventories is counter seasonal and I maintain it may have as much to do with better refining margins (vs. gasoline) than demand-destruction or softening economy. Read More...

December 10, 2022 - Author: Ken Morrison
Market participants pay close attention to money-flows and position changes but too often overlook that large changes in fund positions required a similarly large offsetting change in the position of other major participants. Read More...

December 8, 2022 - Author: Ken Morrison
A major change has occurred in the relative value of oilseeds and oilseed by-products. Reviewing relative values over a long period provides useful context. Read More...

December 6,2022 - Author: Ken Morrison
December has not been kind for commodity refining and processing margins but what's bad for processor-earnings tends to be good for consumers. Read More...

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...

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