April 23, 2018 - Author: Ken Morrison
Futures spreads in Live Cattle have been signaling huge supplies are coming. Steiner Consulting provided additional perspective on the magnitude with estimates of on-feed inventories that will be market-ready over the next 2 months. Read More...

April 22, 2018 - Author: Ken Morrison
Broad weakness among most asset classes dominated Friday's market highlighted by rising interest rates, oil, and rumors China may put the threatened tariffs on U.S. soybeans into effect. Read More...

April 19, 2018 - Author: Ken Morrison
Four weeks into the tariff-threat war we review demand for U.S. soybeans over the period relative to our expectations the threat of a tariff will actually be a net benefit to U.S. soy demand in the near-term. Read More...

April 18,2018 - Author: Ken Morrison
As OPEC boasts it has exceeded the cuts in production target set in November 2016, we note nearly 50% of the cut has been a result of the implosion of Venezuela's oil industry and economy. That's sure to figure into OPEC's plans as it discusses production plans Friday and to be decided in June. Read More...

April 17, 2018 - Author: Ken Morrison
Friday's upcoming monthly cattle on feed report is unique in so much as the pre-report expectations call for feeder placements to be substantially lower in March than year ago levels, the first year-over- year decline in nearly 18 months. Read More...

April 16, 2018 - Author: Ken Morrison
Counter-trend corrections are dominating a number of markets and we discuss methods that may provide gauges to know when the counter-trend moves have gone far enough. Read More...

April 14, 2018 - Author: Ken Morrison
U.S. and allied bombing of Syrian chemical weapon installations was a more limited military action than expected. Indications from U.S. and France describe it as a 'one-time shot' signaling no further action is imminent. This plus the absence of Russia's retaliation should calm the nerves of the Oil market in the week ahead. Read More...

April 12,2018 - Author: Ken Morrison
At day's end we see a number of markets where the path of least resistance appears to favor the upside. Read More...

April 11, 2018 - Author: Ken Morrison
We examine recent trends for soybean prices in Brazil where we found prices in local currency are the best level since July 2016. It's the type of signal that, if sustained for a few weeks, will encourage acreage expansion in 2019. Read More...

April 10, 2018 - Author: Ken Morrison
Producer outlooks are nearly evenly divided in response to President Trump's assurance they will be better off when trade disputes with China are resolved. It's the longer-term effects that are the most difficult to weigh. Read More...

April 9, 2018 - Author: Ken Morrison
We'll be watching USDA's updated export forecasts for U.S. corn and soybeans Tuesday expecting a more positive outlook than the market's consensus. Read More...

April 4, 2018 - Author: Ken Morrison
China's list of targeted goods and threat of tariffs, including soybeans and cotton, had its largest impact on the comparative values of the global soybean markets today.Therein is the key to U.S. soybean exports. My take will probably surprise you. Read More...

April 3, 2018 - Author: Ken Morrison
Based on domestic supply fundamentals, even a new tariff from China accounting for only 5% of U.S. export demand for pork is an unwelcome headwind coming at a time of record U.S. protein supply. Read More...

April 2, 2018 - Author: Ken Morrison
As the threat of tariffs on U.S. goods became a reality today, it reminds me how the 1980 grain embargo of sales to the Soviet Union re-shaped the U.S. political landscape in 1980. Read More...

March 30, 2018 - Author: Ken Morrison
There was something for bulls and bears alike in the Stocks and Planting Intentions reports Thursday. One sure bet: Acreages will change between now, June, and the Final. Read More...

March 28, 2018 - Author: Ken Morrison
Cash hogs especially continue weak and no place is that reflected better than the June contract's premium over April Hog futures. At near $20 cwt., it may be an all-time record spread. We examine the potential opportunity. Read More...

March 27, 2018 - Author: Ken Morrison
Changes in fundamentals and sentiment can sometimes occur in a matter of minutes. Such was apparently the case today in Live Cattle futures and fed-cattle trade. Read More...

March 26, 2018 - Author: Ken Morrison
Farm Futures magazine released results of their latest survey of planting intentions. It's interesting to see the changes in producer plans since August and the corresponding changes in crop prices and relative values. Read More...

March 24, 2018 - Author: Ken Morrison
That Smithfield Foods is owned by the largest pork producer and importer of pork to China presents an interesting dilemma for China as they 'review the impact of U.S. tariffs' . Read More...

March 22, 2018 - Author: Ken Morrison
We hardly know any more about the specific tariffs planned by the U.S. than yesterday. Today's announcement leaves us with a 45-day waiting period of uncertainty guessing what China may target in retaliation. Read More...

March 21, 2018 - Author: Ken Morrison
Early estimates have China's soybean imports reaching the 100 million ton mark. We look at the growth rate and implications that extend beyond global soybeans. Read More...

March 20, 2018 - Author: Ken Morrison
Abrupt declines such as we've seen in grain and soy wreaks havoc with momentum. We illustrate a cross-section of market-momentums. Read More...

March 19, 2018 - Author: Ken Morrison
The combination of better weekend rain & sizeable long-risk teamed up to pressure crop markets today with multiple uptrend support levels broken. Read More...

March 17, 2018 - Author: Ken Morrison
2018/2019 is shaping up to be another challenging year for U.S. wheat exports. Despite declining U.S. wheat supply, major exporters such as Russia and the EU have the inventory to dominate global trade. Read More...

March 15,2018 - Author: Ken Morrison
Beware of markets that fail to respond to bullish news. It's become increasingly evident a number of markets have discounted the news and are failing to respond to similar inputs. Read More...

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