December 13, 2018 - Author: Ken Morrison
Recent developments reinforce the notion Russia's exportable wheat supply is tightening after very strong exports the past 5 months. The U.S. will be the beneficiary of shrinking exportable wheat supplies over the next 6 months. Read More...

December 12, 2018 - Author: Ken Morrison
Credible reports indicate China's state-owned trading companies purchased as much as 80 million bushels of soybeans today. That's a gesture of goodwill but more is needed. Read More...

December 11, 2018 - Author: Ken Morrison
One might be hard pressed to find bullish information within USDA's update of global supply and demand but what matters is the market's reaction was mostly friendly. Read More...

December 10, 2018 - Author: Ken Morrison
Funds were active buyers of corn and soybeans in the latest CFTC reporting week but the type of activity indicates different attitudes about risk driving their actions. Read More...

December 8, 2018 - Author: Ken Morrison
As leaders of the #1 & #2 global economies square-off, it's mindful of the full-court press in basketball in a high-stakes game where each need to win in a race against time. Read More...

December 6, 2018 - Author: Ken Morrison
Headline risk, unanticipated events, have become more frequent as the importance of trade relations with China are at a crossroads. Read More...

December 4, 2018 - Author: Ken Morrison
It's the time of year when crop budgets are compiled and operating loans are secured for the year ahead. Uncertainty over trade and record soybean supplies add to the complexity for 2019 planning. Read More...

December 3, 2018 - Author: Ken Morrison
The trend of global protectionism is at an all-time high but the leading nations of trade distorting protectionist policies may surprise you as it did me. Read More...

December 2, 2018 - Author: Ken Morrison
The long-awaited dinner of President's Trump and Xi is history and now the challenge is to sort through the varying accounts of what both sides agreed. Read More...

November 29,2018 - Author: Ken Morrison
We share two similar polls taken 6 weeks apart gauging crop producer's attitude about commitment to price-protection for 2019 production. Surprisingly, one shift doesn't appear linked to a change in prices. Read More...

November 28, 2018 - Author: Ken Morrison
We take a comprehensive look at momentum and conclude a more positive outlook than the analysis of 5 weeks ago. Read More...

November 27, 2018 - Author: Ken Morrison
We compare and contrast futures spreads and cash basis levels in the 3 classes of U.S. wheat to illustrate the mixed signals of each market. Read More...

November 26, 2018 - Author: Ken Morrison
Funds in major crops and crop-product markets are now net-short all 5 markets for the first time since mid-June 2017 reinforcing the shift of sentiment to a more bearish bias. Read More...

November 25, 2018 - Author: Ken Morrison
The spread between Brazil and U.S. export soybeans has been narrowing steadily since early October but the vast majority of the narrowing has been Brazil's decline, not improvement in the U.S. Read More...

November 21, 2018 - Author: Ken Morrison
Less than 10 days until President's Trump and Xi meet in an effort for progress in their disputes and the rhetoric from the trade representatives of both sides is as heated as ever. Read More...

November 20, 2018 - Author: Ken Morrison
USDA will release the Cattle on Feed report during market hours Wednesday with expectations total on-feed inventory will be the largest since 2011. With economic weakness becoming a larger concern, beware of a sentiment change for livestock if consumers begin to curtail spending or change spending habits. Read More...

November 19, 2018 - Author: Ken Morrison
Natural gas futures have shown their sensitivity to seasonally low gas inventories but the cash vs. futures relationship raises questions about the underlying trend. Read More...

November 18, 2018 - Author: Ken Morrison
Evidence shows managed-money funds, professional speculators, hold a much smaller risk exposure than a year ago at this time and the recent trend show risk-positions at a 4-week low. Read More...

November 15, 2018 - Author: Ken Morrison
Today's markets were driven and influenced more than usual by breaking news with various White House officials speaking their mind on issues related to U.S.-China trade. Knowing the context helps filter and decipher the news. Read More...

November 14, 2018 - Author: Ken Morrison
It's interesting to consider this year's beef and pork production fell short of USDA's January forecast by a significant amount yet prices of fed-cattle and hogs are still below USDA's initial expectations. Read More...

November 13, 2018 - Author: Ken Morrison
Crude oil completed its 12th consecutive daily decline capping off a 29% decline since the peak on October 3. There will be production adjustments to realign supply with demand but don't rule out more geopolitical surprises. Read More...

November 12, 2018 - Author: Ken Morrison
Understanding the context that triggered $250 billion in U.S. tariffs on China is important toward an understanding how we got here and the prospects for resolution. Read More...

November 10, 2018 - Author: Ken Morrison
Making several assumptions, we analyze one scenario that would enable U.S. soybean exports to reach USDA's revised forecast. Read More...

November 8, 2018 - Author: Ken Morrison
Multi-year revisions of China's corn production and consumption caught traders offguard but at the end of the day it's of very little significance and merely corrects omissions that USDA should have recognized years ago. Read More...

November 7, 2018 - Author: Ken Morrison
I'll be watching USDA's updates of export demand Thursday where recent sales pace justifies downward revisions especially in corn and soybeans. Read More...

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