September 21,2021 - Author: Ken Morrison
Inflation is headline news and none is more prevalent than U.S. retail meat and poultry that each set records in August. Read More...

September 20, 2021 - Author: Ken Morrison
Anything that may threaten China's engine of growth is bound to have ripple effects on markets. Today's focus on the credit and debt problems with China's largest property developer was such a catalyst. Read More...

September 18,2021 - Author: Ken Morrison
With base crop insurance values set for winter wheat, I take a look at what it may mean for 2022 HRW acreage which, in turn, has implications for non-wheat acreage. Read More...

September 16, 2021 - Author: Ken Morrison
Corn sales were below the lowest estimate in the latest week taking some air out of the recent rally. A closer look at competing corn suppliers indicates U.S. corn offerings are uncompetitive relative to competing suppliers to many destinations. Read More...

September 15, 2021 - Author: Ken Morrison
Grain and oilseeds futures rallied sharply but fundamental signals are not all consistent with the price action. Read More...

September 14, 2021 - Author: Ken Morrison
Revised estimates of Canada's crops all came in below expectations and some important footnotes in the report indicate the revisions to the downside may not be complete until December. Read More...

September 13, 2021 - Author: Ken Morrison
Stats Canada will issue updated crop production estimates Tuesday, only 2 weeks after their last report which was based on July 31 satellite data. It may be the catalyst wheat and oats need to determine their next big move. Read More...

September 11, 2021 - Author: Ken Morrison
The news is often not as impactful as the rumor that preceded the news. That may best describe the price-action following USDA's forecast Friday. Read More...

September 9, 2021 - Author: Ken Morrison
USDA FSA's early release of acreage reinforced the notion held by many planted corn acreage will be revised higher. I discuss why the premise their notion is based may be flawed. Read More...

September 8, 2021 - Author: Ken Morrison
USDA's Farm Service Agency inadvertently released the report of registered crop acreages 2 days early but it may remove some mystery about USDA's acreage estimate upcoming Friday. Read More...

September 7, 2021 - Author: Ken Morrison
With a high proportion of speculative longs with losing positions, stop-loss selling has become a dominant market influence in corn, soybeans, and cattle futures. Read More...

September 4, 2021 - Author: Ken Morrison
Hurricane Ida sure left a mess in the Mississippi River and the 10 grain export elevators accounting for over 50% of U.S. corn and soybean exports. Read More...

August 26, 2021 - Author: Ken Morrison
Export sales of corn, soybeans, and cotton to-date are a mixed bag and have tended to be toward the lower end of expectations recently. There's plenty of time to make progress toward USDA's forecast but cotton may be the one that is most at risk of downward revision. Read More...

August 25, 2021 - Author: Ken Morrison
As consumers we tend to focus on inflation of the goods we buy but record and near-record ocean shipping costs are creating havoc for the global consumers dependent upon imports. Read More...

August 24, 2021 - Author: Ken Morrison
As Brazil crop producers stockpile fertilizer imports in advance of the coming planting season, fertilizer is setting records in dollar terms. But the common practice in Brazil of exchanging future crop production to secure fertilizer supply requires fewer sacks of corn and soybeans due to high crop prices. Read More...

August 23, 2021 - Author: Ken Morrison
Despite a few counter-trend rallies, the trends set in motion last week for the major markets remained as such today. Read More...

August 21, 2021 - Author: Ken Morrison
Support levels broken Thursday proved to be a preview of Friday as selling accelerated after many trader's positions went into loss-territory. Read More...

August 19, 2021 - Author: Ken Morrison
Weaker Oil & a stronger Dollar were but 2 of the catalysts for broad-based selling in Commodities. Important support levels have been breached presenting new challenges for commodity trends. Read More...

August 18, 2021 - Author: Ken Morrison
Front-month cattle have been testing breakout territory without success for 2 months but deferred cattle have moved steadily higher. Friday's cattle on feed report may prove to be either the catalyst higher or a decisive blow to current levels. Read More...

August 17,2021 - Author: Ken Morrison
The U.S. dependence upon imported oats to meet demand combined with Canada's ongoing drought sets up an interesting year for oats. Read More...

August 16, 2021 - Author: Ken Morrison
A knowledgeable source of China agriculture believes China's pork imports should revert to @ 2.9 million tons/year, down from 5 miillion this year, if China hog and pork producers manage to meet the government targets. It's similar to the estimate I concluded in the July 28 newsletter. Read More...

August 14,2021 - Author: Ken Morrison
USDA's extensive text reports of global production and trade provide useful context to their monthly reports. They focused on Canada wheat and canola. Read More...

August 12, 2021 - Author: Ken Morrison
USDA's ending corn supply may have matched pre-report estimates but it's how USDA got there that set the bullish tone. Transitioning from demand-led to supply-constrained changes everything leaving no room for lower corn yields. Read More...

August 11, 2021 - Author: Ken Morrison
Despite some beliefs otherwise, trade flows are determined by lowest-landed cost. To understand what's occurring is to understand all the costs associated with delivering goods from the most economical source to the end-consumer. Read More...

August 10, 2021 - Author: Ken Morrison
Revisions in harvested acreage is but one of many possible variables in USDA's August forecast. Revisions are less common in wheat and corn, more common in soybeans, and the norm in cotton. Revisions, when they occur, can result in significant changes to production. Read More...

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