August 18, 2022 - Author: Ken Morrison
Hog futures had their largest single-day decline in over 6 months as recent peaks in wholesale pork combined with seasonal tendencies finally got the upper hand. Read More...

August 17, 2022 - Author: Ken Morrison
There was wheat before the biscuit-break and wheat after the 8:30 re-opening. The one after 8:30 prevailed today. The chop-fest continues in wheat. Read More...

August 16, 2022 - Author: Ken Morrison
Liquidation of losing positions may partially explain weakness in certain markets but it's never just one reason. Refining margins indicate there's value in Oil in the mid-$80's. Read More...

August 15, 2022 - Author: Ken Morrison
Despite pullbacks from Friday, momentum is setting up well to support prices. The weeks-long consolidation in wheat finally appears to be turning the corner toward the upside. Read More...

August 14, 2022 - Author: Ken Morrison
Surprisingly large downward production revisions in a couple U.S. crops illustrated the delicate supply balance that necessitates demand-rationing. Read More...

August 11, 2022 - Author: Ken Morrison
Supply-levels are such that larger than expected cuts in production will trigger some offsets in demand forecasts in order to provide reasonable balance to ending stocks in 2023. Read More...

August 10, 2022 - Author: Ken Morrison
In a semi-victory, consumer prices rose less than expected for the first time in a year but rose nevertheless by 8.5% over last year. But food rose more than fuel fell so there's still work to do in the battle against inflation. Read More...

August 9, 2022 - Author: Ken Morrison
Hog futures and wholesale pork are price levels seen less than a handful of times over the past 10 years. It comes after 8 consecutive quarters of lower inventories but with decent profits , expect hog producers to respond with plans for increased supply. Read More...

August 8, 2022 - Author: Ken Morrison
It's very rare when USDA does not make changes to crop yields in the August forecast. To the extent crop conditions influence the direction of the change, expect some lower yields in Friday's report vs. USDA's July forecast. Read More...

August 7, 2022 - Author: Ken Morrison
Energy markets continue to weigh on broader commodities but this is a critical period for crop development that could lend support to certain markets. Read More...

August 4, 2022 - Author: Ken Morrison
Crude Oil closed at the lowest level since mid-March pressured by weak product prices. Retail gasoline and diesel continue to come lower aided by weaker refining margins but diesel stocks remain tight. Read More...

August 3, 2022 - Author: Ken Morrison
U.S. equity markets and commodities have been on divergent paths the past few weeks and began the divergence within a few days of each other; stocks making their low and commodities their high. Softening treasury yields have contributed to the gain in equities. Read More...

August 2, 2022 - Author: Ken Morrison
I update and assess current year demand relative to USDA's current forecast(s) and discuss the implications for revisions to the balance sheets. Read More...

August 1, 2022 - Author: Ken Morrison
The parameters I've discussed for soybeans and corn have been tested each of the past two days but settlement prices today remained in neutral territory. Read More...

July 30, 2022 - Author: Ken Morrison
Volatility was the word of the month where wide ranges in certain markets masked the transfer of risk from managed-money funds to commercials. Read More...

July 28, 2022 - Author: Ken Morrison
Extending the previous day's focus on bear-market rallies, I highlight 5 markets with thoughts on upside and downside targets . Read More...

July 27, 2022 - Author: Ken Morrison
A long-term market veteran observed more money has been lost trading rallies in bear markets than lost in bear-markets. It's a reminder bear markets rally all the while remaining a bear market. Read More...

July 26,2022 - Author: Ken Morrison
I highlight 2-3 tidbits gleaned from USDA's text reports that accompany each month's forecast. Read More...

July 25, 2022 - Author: Ken Morrison
Shared observations from recent travel in addition to comments on China's recent decision to delay phyto-sanitary approval for importing corn from Brazil. Read More...

July 21, 2022 - Author: Ken Morrison
The week in commodities, so far, has been dominated by negative news with few exceptions escaping the downward pressure. Read More...

July 17, 2022 - Author: Ken Morrison
I discuss USDA's revisions in the July 12 forecast, update money-flows, and review price action and the implications for the week ahead. Read More...

July 7, 2022 - Author: Ken Morrison
USDA's next forecast is Tuesday July 12. I outline the revisions expected which will include the acreage changes from the June 30 report. Read More...

July 6, 2022 - Author: Ken Morrison
If estimates of fund trade-activity are closely accurate, the week ending July 5 will be distinguished by record selling when combining corn and soybean activity. Today's price-action showed some signs of encouragement with recovery potential. Read More...

July 5,2022 - Author: Ken Morrison
Money-managers continue to pare back risk-positions in commodities with selling now hitting energies hard for the first time. Read More...

July 2, 2022 - Author: Ken Morrison
As analysis of futures open interest changes reveals, it's been a painful period for commercial hedgers needing to cover their short-hedges in the July corn contract. 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