November 20, 2017 - Author: Ken Morrison
Over 700 agricultural bankers gathered in Milwaukee last week to share thoughts on the farm economy and outlook on the challenges faced. Read More...

November 18, 2017 - Author: Ken Morrison
Rumor mills were working overtime Friday attempting to rationalize and assign an explanation for the best corn and soybean rallies in weeks. Is it China? Is it La Nina? Neither or both? Read More...

November 16, 2017 - Author: Ken Morrison
It's no surprise soybean export sales are lagging year ago and forecasted levels. But there's only been 2 years in the past 10 that's been the case. We discuss those outcomes and the implications of the current situation. Read More...

November 15, 2017 - Author: Ken Morrison
As we head into Friday's cattle on feed report we take stock of the market's reaction and subsequent correction to last month's report but conclude the risk is to the downside this time around. Read More...

November 14, 2017 - Author: Ken Morrison
Much attention is given to USDA's demand forecasts , especially the tendency to underestimate final demand in early forecasts.But it's instructive to look at USDA's producer-price forecast that don't always correlate with trends in demand. Read More...

November 13, 2017 - Author: Ken Morrison
It's clear from money flows the loved and unloved markets as funds press the short side in grains and continue their love-fest with Oil and Livestock. Read More...

November 11,2017 - Author: Ken Morrison
Given the outlook for U.S. crop supplies and the market structure, producers would be prudent to begin their marketing and risk-management programs for 2018 crops soon. Read More...

November 9, 2017 - Author: Ken Morrison
Unexpected record corn yields added to the mountain of U.S. corn supply and sent prices to a new low. It may push producers to increase soybean acreage in 2018. Read More...

November 8, 2017 - Author: Ken Morrison
We dug deeper into yesterday's analysis of USDA's 10-year tendencies and conclude probabilities exist for adjustments in soybean and corn exports Thursday. Read More...

November 7, 2017 - Author: Ken Morrison
Comparing analyst consensus expectations to USDA's tendencies for change in the November forecast yields a couple of interesting divergences we may see Thursday. Read More...

November 6, 2017 - Author: Ken Morrison
Global soy demand remains robust but Brazil is managing to capture an increasingly larger share that puts USDA's U.S. export forecast in doubt. Read More...

November 4, 2017 - Author: Ken Morrison
8 markets within the universe of 15 major markets stand out for their distinctive trends and money-flows: 4 bullish and 4 bearish. We provide an overview and outlook for each. Read More...

November 2, 2017 - Author: Ken Morrison
Protein basis premiums in terminal markets continue to climb higher both relative to year ago and prior 3-year averages. It illustrates the scarcity of high-quality milling wheat. Read More...

November 1, 2017 - Author: Ken Morrison
A day spent listening to CEO's of ADM and Bunge review the challenges and opportunities they are experiencing in their global business was insightful. Read More...

October 31, 2017 - Author: Ken Morrison
October is now in the history books with livestock markets garnering the positive trends and grains 'holding' their place on bearish trends. We look at some anomalies in the cattle markets. Read More...

October 30, 2017 - Author: Ken Morrison
Cash cattle trade caught fire late Friday in part bolstered by the strong export sales week for boxed beef. But the weekly sales can be volatile and, seasonally, exports of beef tend to decline November-December. Read More...

October 28, 2017 - Author: Ken Morrison
An historically low proportion of September 1 U.S. wheat stocks in producer's hands has some important implications for the wheat market. It also indicates a major change in producers marketing-behavior for wheat. Read More...

October 26, 2017 - Author: Ken Morrison
The perennial debate over USDA's performance forecasting soy demand prompted me to take a closer examination over the past 5 years. The results were interesting as well as surprising. Read More...

October 25, 2017 - Author: Ken Morrison
A select group of markets came into today with the potential to build upon recent strength but by day's end retreated modestly. The failures were not fatal but place more importance on holding their current momentum. Read More...

October 24, 2017 - Author: Ken Morrison
Todd Hubbs of the U of Illinois issued thought-provoking analysis that solved for the soybean acreage necessary to maintain cash prices near 2016/2017 levels. The realities of the market took my thoughts in a different direction. Read More...

October 23, 2017 - Author: Ken Morrison
4 markets put in outside reversals and each from important inflection points of their trends. Follow through in the same direction as today's reversal will be needed to confirm today's possible shift in trend and sentiment. Read More...

October 21, 2017 - Author: Ken Morrison
Implied volatility, the measure of expectations for broad price moves, continues to decline to extreme lows by long-term perspectives. It should be viewed as an opportunity for longer-term risk management as option premium decline. Read More...

October 19, 2017 - Author: Ken Morrison
We illustrate the price convergence of forward-contracts toward the price-level of the most recent contract expiry, highlighting the possibility of an early-base building process. Read More...

October 18, 2017 - Author: Ken Morrison
By any measure NAFTA negotiations have not gone well at the midway point. U.S. demands largely focused on achieving benefits for U.S. manufacturing are met with resistance by Mexico and Canada. Their outright rejection may force the hand of the U.S. to trigger the 6-month withdrawal process. Read More...

October 7, 2017 - Author: Ken Morrison
Futures volatility may be at a low-ebb but recent roller coaster rides in barge freight is giving the cash grain trade and producers tributary to the inland waterways all the volatility they want and more. Read More...

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