After what seemed to be an impressive start to the week on Monday, with some more speculator buying based on the Argentina dryness, only ended in heartbreak after the bearish USDA report on Thursday left many traders running from the grain market. At the end of the week Corn was Down 44 cents, Soyb
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Funds continued to buy into the Argentina dryness throughout the week again, up until Thursday in which a decent amount of moisture is forecasted to come into the area late Monday through Wednesday. With this news and funds looking to take some profits off of the table the markets started to retrea
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It was an excellent way to bring in the New Year as we saw all grain commodities finish the week in the green on continued dryness in Argentina, which has been crippling the crops in the area. Throughout the week there was heavy producer selling, on account of many wanting to take advantage of thes
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With all eyes were on South America last week as a lack of rains in Argentina and Brazil have been adding support to the market as these two countries are looking at a reduction in production and we could see a shift of Chinese purchases to the U.S. This week everyone will be continuing to look at
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Outside market weakness weighed down commodities early on in the week. However, the market had a small amount of bullish support with drought fears in South America possibly cutting production. In order for this small pop of bullish support to continue, it will depend on whether or not South Ameri
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Outside market strength provided support to commodities early on in the week. However, the market was soon weighed down upon by yet another disappointing export sales report, rumors of a bumper Corn crop in China, and then South America received some much needed rain in their dry areas. By the end
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It was a rough week for the grain futures as funds continue to focus on macroeconomic influences to the grain market. We saw the funds sentiment turn increasingly bearish following the disappointing export sales report on Thursday. This was coupled with the continually improving new crop productio
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After an underwhelming USDA report was, for the most part, within trade guess estimates; it left traders with a neutral to bearish feeling on the grain market, as the market had factored in current USDA report results at these prices. By the end of the week we saw Corn end 17 cents lower and Winter
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After a week of hearing about the continuing EU problems and everyone waiting in anticipation for the November 9th USDA report, the grain futures markets did not do a whole lot. By the end of the week we saw Corn end 1 cent higher and Winter Wheat was 20 cents lower off of the December futures. Wh
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The grain futures were mixed this week as no real good news has come out to interest much fundamental trading outside of the choppy technical action we have been seeing. By the end of the week, Corn was 9 cents higher and Winter Wheat was 15 cents higher off of the December futures. While Soybeans
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