June 21,2018 - Author: Ken Morrison
Pork sales to Mexico, the #1 destination for U.S. pork, have slowed materially even before their recent decision to levy a 10% tax on U.S. pork with an additional 10% set for July 6. But the current U.S. pork market continues to signal strong prices. Read More...

June 20,2018 - Author: Ken Morrison
The past 3 weeks has seen a record shift in the risk profile of managed funds in corn and soybeans. But a comparison to changes in open interest indicates commercial interests were also seizing the opportunity to close out short positions. Read More...

June 19, 2018 - Author: Ken Morrison
Volatility ruled the day as the market responded to the heightened trade tension with China. It revived memories of another market-shock in 1980. Read More...

June 18, 2018 - Author: Ken Morrison
It's been a rocky ride over the past 2-3 weeks driven by multiple influences including stop-loss positioning. The question for the market is whether prices have departed fundamental underpinnings. Read More...

June 6, 2018 - Author: Ken Morrison
Corn and soybeans each had key reversals today, closing below Tuesday's low. It's indicative of the efforts to reduce risk exposure driven by an array of influences. Read More...

June 5, 2018 - Author: Ken Morrison
Expectations for Russia's wheat production have continued to move lower since USDA's May 10 forecast. We look at the implications for global exports if Russia's wheat crop eventually proves to be materially lower. Read More...

June 4, 2018 - Author: Ken Morrison
Favorable growing and crop conditions combined with lack of progress on trade disputes continue to be the overriding influences in price trends and money flows. Numerous trend support levels have been broken but extreme sentiment may provide a brief stabilizer. Read More...

June 2, 2018 - Author: Ken Morrison
3 important market leaders to begin May turned negative by month-end. A continuation in June would put most crop markets in jeopardy and perhaps most commodities. Read More...

May 31, 2018 - Author: Ken Morrison
The month ends with new U.S. tariffs on Europe, Canada, and Mexico and their promise to retaliate in kind. Read More...

May 30, 2018 - Author: Ken Morrison
Headlines indicating OPEC & Russia were not ready to abandon the production cuts in place since 2016 seemed to be all the crude oil traders needed to hear to bid oil higher. But a closer read left the door open to raise production in line with last week's reports. Read More...

May 29, 2018 - Author: Ken Morrison
Strong openings followed by weak closes describes the grain and soy markets with plenty of news and market-moving events as catalysts. Cotton was the exception where margin calls may be the pain trade in the making. Read More...

May 28, 2018 - Author: Ken Morrison
The sharp pull-backs in Oil and oil-products mean commodities have lost important leadership. Although still in uptrends, oil will be challenged to return to recent highs as the seasonal peak is just ahead. Read More...

May 24,2018 - Author: Ken Morrison
Friday's cattle on feed report could be a pivotal time for the trend in cattle futures. It's a tale of two markets; heavy nearterm supply vs. concern of feeder supply 4-6 months from now. Read More...

May 23, 2018 - Author: Ken Morrison
The overall trend in commodities has been to the upside defying the popular notion a strong dollar is not a friend of commodities. We look at a cross section of markets ranging from those leading the general trend to one's lagging the trend. Read More...

May 22, 2018 - Author: Ken Morrison
Revisions in the outlook for Russia's grain production and exports for 2018/2019 by Russia's Minister of Agriculture are worthy of attention and could be the catalyst for Wheat to overcome price resistance. Read More...

May 21, 2018 - Author: Ken Morrison
We examine the notion U.S. trade of agricultural commodiites with China may increase by 35-40% over the next year on a commodity-by-commodity basis. Read More...

May 19, 2018 - Author: Ken Morrison
The second round of talks ended on a more positive note than in Beijing. A joint statement outlined areas of agreement with encouraging signs China intends to increase purchases of U.S. goods and services, citing energy and agriculture specifically. Details remain to be worked out. Read More...

May 17,2018 - Author: Ken Morrison
As the U.S and China trade negotiators focus on the U.S. demand to reduce China's trade surplus, I examine how adjustments in the 2002 WTO agreement might pave the way for improved agricultural trade with China. Read More...

May 16, 2018 - Author: Ken Morrison
U.S. oil production and oil exports are setting records as refiners gear up for the summer driving season. But Oil's seasonal peak is often in June and the market will be sensitive to OPEC's June meeting when production controls are sure to be discussed. Read More...

May 15, 2018 - Author: Ken Morrison
Treasury yields hit multi-year highs today triggering renewed strength in the Dollar and weakness in Gold in addition to other markets. The implications of the strong dollar are already being felt in the form of tougher global competition. Read More...

May 14, 2018 - Author: Ken Morrison
USDA adjusted Q2 beef production lower but their revisions still point to sizeable increases in beef and pork supply this and next year. Domestic consumption will prove to be the balancing act but may require lower prices. Read More...

May 12, 2018 - Author: Ken Morrison
One might say USDA's outlook for 2018/2019 was bullish in the wrong places. Their optimism regarding China's soybean demand and drawdown of China's corn supply were the two most bullish factors in Thursday's report. Unfortunately China's own forecast 12 hours earlier contradicted USDA's outlook. Read More...

May 10, 2018 - Author: Ken Morrison
Surprising divergence in USDA's forecast of harvested wheat acreage relative to the weekly crop conditions revealed a process of data-gathering that is prone to conflicting signals for all market participants. Read More...

May 9, 2018 - Author: Ken Morrison
USDA releases their first outlook for crop year 2018/2019 Thursday. I have an eye on 2 possible surprises. Read More...

May 8, 2018 - Author: Ken Morrison
President Trump made the U.S. withdrawal from the 7-nation Iran nuclear agreement official today and will impose sanctions on anybody continuing business with Iran following a wind-down period of 90-180 days. The oil market will now look to those capable of filling any decline in Iran oil supply that may result. 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