December 2, 2021 - Author: Ken Morrison
December marks the unofficial start of producer-marketing meetings that attempt to provide perspective for the year ahead. A recent webinar discussing 2022 crop acreage left me wondering about the forecasted acreage that wasn't explained. Read More...

December 1, 2021 - Author: Ken Morrison
October soy crush set a new record beating out the previous record of 12 months ago by a hair. But higher crush combined with better soy oil yields also means soy oil inventories continue to grow; the largest end-October soy oil supply since 2012. Read More...

November 30, 2021 - Author: Ken Morrison
Coming into today, following 2 sharp declines, a near-perfect script had already set the course for a third day down. But slashing prices can be effective in clearing the shelves as well as setting the stage for a recovery. That's where we are heading into December. Read More...

November 29, 2021 - Author: Ken Morrison
Selling in most commodities continued as the weak markets on Friday got weaker and the few with gains Friday retreated today. Managed-money funds have aggressively added to their long-exposure 5 consecutive weeks through November 23 but have pared back in the latest reporting period. Read More...

November 27, 2021 - Author: Ken Morrison
A new Covid strain, feared to be more contagious than others to-date, sent shockwaves through financial and commodity markets Friday leaving more economic uncertainty in its wake. Read More...

November 23, 2021 - Author: Ken Morrison
Re-visiting analysis on soybean exports from October 31, the evidence continues to support the notion USDA's forecast is far too optimistic. Read More...

November 22, 2021 - Author: Ken Morrison
Untimely wet weather in Australia is the latest catalyst propelling most classes of wheat to new multi-year highs. It's adding to the uncertainty of global milling quality supply while adding to feed-quality supply. Read More...

November 20, 2021 - Author: Ken Morrison
If we think of price trends like flights, the climb during takeoff is followed by an extended period of cruising altitude. There are some signs the recent market climbs may be ready for the descent phase of the flight. Read More...

November 18, 2021 - Author: Ken Morrison
I've selected 4 markets, 2 positive and 2 with potential for downside risk, to focus on momentum. Read More...

November 17, 2021 - Author: Ken Morrison
Previewing Friday afternoon's cattle on feed, expectations look for similar total inventory as a year ago which also matches the largest cattle on feed in November 2006. Placements during October may cast the deciding vote. Read More...

November 16, 2021 - Author: Ken Morrison
As the administration considers what, if anything, can be done to respond to concerns of rising energy costs; we look at one possibility. Read More...

November 15,2021 - Author: Ken Morrison
Rising gasoline prices, contributing to overall inflation, has been the ire of consumers. But consumers may have forgotten they paid more for gasoline as recently as 2014. Viewed in terms of fuel efficiency, consumers are paying less to drive the same distance than in the recent past. Read More...

November 13, 2021 - Author: Ken Morrison
In a twist of fate and example of the bust to boom commodity cycle, U.S. livestock producers have witnessed the supply and price of lysine at its most and least favorable in the space of 12 months. It's now meal's turn to carry the banner for soy crush margins until equilibrium is restored to lysine. Read More...

November 11, 2021 - Author: Ken Morrison
The market structure of Cotton combined with the positions held by market participants led many to expect a volatile period for cotton futures and spreads. With the index roll wrapping up Friday, the roll to date has been orderly without volatility. Will the next 7 days be different? Read More...

November 10, 2021 - Author: Ken Morrison
A 31-year high for the U.S. CPI was not much higher than expected but enough to keep 'inflation' on the minds of many. Meanwhile, energy, the leader of inflation, closed lower on the day perhaps a reminder markets are forward-looking while measures of inflation are through the rearview mirror. Read More...

November 9, 2021 - Author: Ken Morrison
USDA's soybean forecast was not as bearish as anticipated but it wasn't bullish. Read More...

November 8, 2021 - Author: Ken Morrison
Grain and soybean markets head into Tuesday's USDA report with downside vulnerability if the news is more bearish/less bullish than expected. That said soybeans appear to be expecting the worst but prices may have already discounted Tuesday's report. Read More...

November 6, 2021 - Author: Ken Morrison
Major crop markets , with the exception of cotton, declined on the week with a noticeable change in sentiment mid-week. Consensus expects corn and soybean yields improved since the October forecast and uncertainty over demand for soybeans has the soy complex on the defensive. Read More...

November 4, 2021 - Author: Ken Morrison
Inflation may be the most popular subject of concern but there are important signs in certain areas indicating the inflation trend may be easing. Read More...

November 3, 2021 - Author: Ken Morrison
U.S. cotton sales have progressed well recently and are on the pace to achieve USDA's full-year forecast. Read More...

November 2,2021 - Author: Ken Morrison
China, in attempts to re-build energy supply and protect the needs of the domestic market, has taken several policy actions with ripple effects in certain global markets. Read More...

November 1, 2021 - Author: Ken Morrison
Following on the weekend edition's focus on lagging export demand, prospects favoring increased year-end supply makes the case the current futures structure is mis-priced. Read More...

October 31, 2021 - Author: Ken Morrison
It's a challenge to stay current on rising crop input costs and their influence on 2022 acreage decisions. But it's important to consider the demand-outlook for soybeans and corn to assess the probability they can achieve forecasts. Read More...

October 28, 2021 - Author: Ken Morrison
I expand on earlier comments on U.S. export sales and the challenges faced to reach USDA's forecast. Read More...

October 27, 2021 - Author: Ken Morrison
Only time will tell if it's demand that's driving the rally in corn. For now, mum's the word. Read More...

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