January 22, 2019 - Author: Ken Morrison
Progress in trade talks comes in bits and fits and may be best measured in baby steps. Markets react to good news but quick to retreat at the first sign of negative news. Read More...

January 19, 2019 - Author: Ken Morrison
Rumors and reports of China's offer to ramp-up trade with the U.S. added fuel to Thursday's rumors of U.S. trade strategy negotiators are considering in preparation for the January 30-31 meetings. China made a similar proposal in May that failed to gain U.S. approval. Will the outcome be different this time? Read More...

January 17, 2019 - Author: Ken Morrison
First wheat, then corn, soon followed by soybeans; grain and soy markets became active mid-morning wth prices rallying on high volume and still have market participants searching for the catalysts. In the absence of USDA's export reports during the government shutdown, rumors and conjecture is all we have. Read More...

January 16,2019 - Author: Ken Morrison
China officials show concern about declining hog herds indicating plans to replenish reserve supplies. Meanwhile, U.S. market participants are concerned with low wholesale pork prices, pressuring futures despite the positive vibes from China. Read More...

January 15, 2019 - Author: Ken Morrison
The U.S. Department of Energy issued their latest outlook for 2019-2020 energy today. We share their summary and some interesting charts illustrating several implications for energy prices. Read More...

January 14, 2019 - Author: Ken Morrison
Working with available information on U.S. exports that continues despite the government shutdown, we're able to project a plausible range of U.S. soybean exports for the full year. Read More...

January 12, 2019 - Author: Ken Morrison
The absence of USDA's all-important January supply/demand report reminded market participants the importance of the recognized global benchmark when it's unavailable. But it places more importance on paying attention to the anecdotal market signals. Read More...

January 10, 2019 - Author: Ken Morrison
USDA has rescheduled the January 11 supply and demand report when funding is restored but we discuss analyst expectations what tomorrow's report might have been. Read More...

January 9, 2019 - Author: Ken Morrison
Once again the word, substantial, is used to describe China's commitment to purchase U.S. goods. Market participants want to know who will determine if purchases will meet the threshold of 'substantial' expected by negotiators. Read More...

January 8, 2019 - Author: Ken Morrison
With few exceptions, charts are struggling to overcome resistance that will be necessary if positive momentum is to return. Read More...

January 7, 2019 - Author: Ken Morrison
Revenue comparisons for 2019 corn and soybeans are inconsistent with the expectation U.S. soybean acreage will be reduced materially. Despite what may be 'needed' to re-balance soybean supply, the market is sending a different message. Read More...

January 5, 2019 - Author: Ken Morrison
The upcoming week ushers in the annual 5-day re-balancing period for commodity indexers but it may see new investor-funds committed to commodities. Read More...

January 3, 2019 - Author: Ken Morrison
We illustrate a few examples of consistent chart patterns that have provided good trading opportunities. Read More...

January 2, 2019 - Author: Ken Morrison
Sentiment and price reversed course on Oil and oil products today as aggressive production cuts by the Saudi's offset the weak economic data out of Asia that dominated early trade. Read More...

January 1, 2019 - Author: Ken Morrison
As is the custom each year, the first edition of the New Year announces the Market Contest winners, a review of last year's Fearless Forecasts, and Fearless Forecasts for the year ahead. Grab a strong drink, sit back, relax, and gaze into the crystal ball for 2019. Read More...

December 22, 2018 - Author: Ken Morrison
Russia's Ag Minister didn't utter the words export control, opting instead to increase grain exports by 2-3 million tons from their prior estimate. But USDA's forecast for Russian grain exports has been and continues to be higher. Read More...

December 20, 2018 - Author: Ken Morrison
Neither the cattle on feed report nor the quarterly Hogs & Pigs report delivered major surprises which likely keeps the respective markets on their current track. Read More...

December 19, 2018 - Author: Ken Morrison
Whether soybeans or the S & P 500, ample evidence of unfulfilled expectations and disappointment is obvious in the price action in response to confirmed sales of soybeans and guidance from the Federal Reserve on monetary policy. Read More...

December 18, 2018 - Author: Ken Morrison
USDA's monthly cattle on feed report Thursday could be the deciding factor whether cattle futures stall here or make a new high. It's all in the numbers. Read More...

December 17, 2018 - Author: Ken Morrison
Outlook for record pork production in 2019 places increased importance on growth in export and domestic demand. Retail pork prices indicate they are trying to do their job to encourage demand. Read More...

December 14, 2018 - Author: Ken Morrison
Disappointment was the key word expressed following China's first purchases of U.S. soybeans since tariffs were put into effect. We discuss realistic expectations for U.S. soybean shipments to China over the next 3 months and the remainder of the crop year. Read More...

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...

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