July 15, 2019 - Author: Ken Morrison
Summer is the season for weather-dominated crop markets when abrupt forecast changes can turn the markets on a dime. Read More...

July 14, 2019 - Author: Ken Morrison
With so much attention on the acreage and output of current year corn and soybeans; market participants may be well-advised to look at the supply outlook for 2 U.S. crops, spring wheat and cotton, that will influence 2020 acreage of alternative crops. Read More...

July 11, 2019 - Author: Ken Morrison
USDA's unexpected aggressive cuts in non-U.S. wheat production, especially Russia, captured the attention of wheat traders enabling corn to shrug off an otherwise bearish report and tag along for part of wheat's ride. Read More...

July 10, 2019 - Author: Ken Morrison
We complete our expectations for revisions USDA may make in Thursday's monthly supply and demand update and discuss market implications. Read More...

July 9, 2019 - Author: Ken Morrison
Most analysts submitting pre-report estimates for USDA's upcoming report expect WAOB to 'revise' the June acreage intentions, something that has not been done since 1993. Read More...

July 8, 2019 - Author: Ken Morrison
This afternoon's crop condition reports were mostly inline to better than expected with soybeans the one exception. But the bigger surprise was CFTC's report on managed-fund positions where their net risk exposure in grain and oilseeds were larger than estimates as of July 2. Read More...

July 3, 2019 - Author: Ken Morrison
After languishing with big declines since mid-day Friday, grain markets staged their own brand of fireworks led by corn as domestic processors hike the basis hoping to remove the incentive to store corn. Read More...

July 2, 2019 - Author: Ken Morrison
Today's edition highlights some positives about 3 markets that have been out of favor in addition to factors that likely contributed to today's sharp pullback in Crude Oil. Read More...

July 1, 2019 - Author: Ken Morrison
USDA's most knowledgeable staff economist on China agriculture just completed an extensive paper with USDA's long-term outlook for trends in global soy trade. We share excerpts of the report here. Read More...

June 29, 2019 - Author: Ken Morrison
Planting intentions submitted by 68,000 producers defied all expectations for corn and soybeans sparking price reactions across the board. Uncertainty and wide ranging opinions on ultimate planted acreage and yields will dominate the markets for much of the next 2 months. Read More...

June 27, 2019 - Author: Ken Morrison
WSJ reporters broke a story outlining conditions for reaching a deal China's President Xi will present to President Trump this weekend. The story also shed new light on the trade package that has been discussed since December. Read More...

June 26, 2019 - Author: Ken Morrison
We cover a range of topics from quarterly grain and soybean stocks to U.S. consumer sentiment and concerns about the U.S. economy. Read More...

June 25, 2019 - Author: Ken Morrison
It was the perfect set-up or so it seemed. ASF in China laid the foundation for record pork sales to China setting high expectations for prices. That part of the story has lived up to the hype but other market influences have offset the story that captured everybody's focus. Read More...

June 24, 2019 - Author: Ken Morrison
Each year in January we provide an outlook for price ranges of corn, wheat, and soybeans. Today's newsletter reviews the projections and provides perspective on what the rest of 2019 may have instore. Read More...

June 22, 2019 - Author: Ken Morrison
Last week saw corrections in the grains and continued weakness in most other markets except for oil and gold. The week ahead will culminate Friday with USDA's quarterly stocks and the highly anticipated acreage update. Read More...

June 20, 2019 - Author: Ken Morrison
On the eve of the longest day of the year we share a weather expert's analysis what it will take in terms of growing degree days to minimize killing frost risk of this year's late planted corn crop. Read More...

June 19, 2019 - Author: Ken Morrison
We discuss 2-3 basic tools used regularly to assess and anticipate price trends. Read More...

June 18, 2019 - Author: Ken Morrison
Bullish trending markets reach a point when they require fresh bullish inputs to keep the momentum going. The task is made more difficult when bullish sentiment is at or near extremely high levels. Read More...

June 17, 2019 - Author: Ken Morrison
Although meeting expectations for the week, corn planting progress @ 92% complete is the all-time lowest for this time. Soybean planting progress fell short of expectations @ 77% , not a record but leaves @ 19.5 million acres to plant to meet producer's March expectations. Read More...

June 15, 2019 - Author: Ken Morrison
Since funds trading corn set their record net short April 23, they've been major buyers of corn propelling it over $1 bushel from the May 13 low. But it's telling well over 80% of the buying has been short-covering indicating the professional speculators have not embraced the notion long-corn is a favorable risk. Read More...

June 13, 2019 - Author: Ken Morrison
Increasing expectations of $5 corn illustrate the uncertainty of corn acreage. We look at past years when USDA took the unusual step of revising acreage in mid-June and compare them to the producer-survey intentions that followed them 2-3 weeks later. Read More...

June 11, 2019 - Author: Ken Morrison
USDA delivered the largest revision ever to a June supply/demand update. It may not have met the expectations of many but it's now a benchmark by which to measure the crop's progress in the weeks and months ahead. Read More...

June 10, 2019 - Author: Ken Morrison
U.S. corn and soybean planting progress continue to set new records and near-records for the slowest planting season since USDA began compiling the data. We'll find out Tuesday if that translates to historic revisions in USDA's acreage or yield forecasts. Read More...

June 8, 2019 - Author: Ken Morrison
Thursday's newsletter focused on the supply side expectations for USDA's upcoming forecast. Part II looks at expectations for demand revisions. Read More...

June 6, 2019 - Author: Ken Morrison
Numerous opinions about corn and soybean acreage and yields are making the rounds in advance of next Tuesday's updated supply and demand update. I expect USDA to make revisions similar to the conditions in 1995. Read More...

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