Apr.
15
Apr.
11
Apr.
11
Pre-Opening Comments
Wednesday, April 11, 2012
Craig Haugaard, Grain Origination Manager
Corn: 2 higher
Remarks: In the
[MORE]
Apr.
8
April 9, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
We have the USDA Supply/Demand report tomorrow morning and the smart money seems to be betting that the report will show a reduction in the ending stocks
[MORE]
Apr.
4
April 5, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: I had to be on the road early this morning but expect the market to open in line with the overnight close.
REMARKS:
I had a few ladies yesterday email and tell me they would like to meet my slow
[MORE]
Apr.
3
April 4, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 2 higher New Crop 2 lower
REMARKS:
Before we get started on the markets this morning I have to tell you that my slow cousin Jimmy dropped by the house last night. After the Christmas
[MORE]
Apr.
2
April 3, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 2 higher New Crop unchanged
REMARKS:
Old crop and new crop corn are very much two distinctive markets. Probably the year that is most like this
[MORE]
Apr.
2
April 2, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 2 higher New Crop 1 lower
REMARKS:
Coming into Friday’s report we had seen substantial fund selling as they lightened up their positions ahead
[MORE]
Mar.
30
Mar.
28
March 29, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
All I can say is thank God that the Chinese showed up yesterday. An announcement came out that they had purchased six cargoes of corn for May and June
[MORE]
Mar.
27
March 28, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 2 higher
REMARKS:
My comments will be briefer this morning than they were yesterday. When I got home last night my wife said, “What were you trying to
[MORE]
Mar.
26
March 27, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 4 higher
REMARKS:
Yesterday we kicked these remarks off by talking about the inverted corn market and the need, as I see it, to develop a marketing strategy for selling the
[MORE]
Mar.
23
March 26, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 1 lower
REMARKS:
Every once in awhile my slow cousin Jimmy says something that makes sense. This week-end he happened to stumble into one of those moments. We were talking about grain prices and
[MORE]
Mar.
23
March 23, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 4 higher
REMARKS:
We have the dollar trading lower this morning which should be positive for the commodities in general today. We have some fresh numbers from Argentina this
[MORE]
Mar.
21
March 22, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 1 lower
REMARKS:
Not a great deal of fresh news in this market. We continue to hear reports of corn being planted across the fruited plains with even one report of it going
[MORE]
Mar.
20
March 21, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
We had a trifecta of negative news that hit the market like a tsunami yesterday.
1) The Saudi Arabia Oil Ministry announced that they would make up
[MORE]
Mar.
19
March 20, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 9 lower
REMARKS:
He rocks by the computer all day long
Hoppin' and a-boppin' and a-singin' his song
All the little traders on LaSalle Street
[MORE]
Mar.
19
March 19, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
There is nothing special going on in the outside markets this morning with crude oil slightly higher and the dollar slightly lower as I write this. We did have
[MORE]
Mar.
15
March 16, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 2 lower
REMARKS:
For the past few weeks my oldest son has been at Ft. Benning going through Airborne School. He is graduating today and while I can’t be there I
[MORE]
Mar.
15
CORN: 3 higher
REMARKS:
The answer to yesterday’s little trivia question was that Tom Netherton sang with the The Lawrence Welk Show. It also turns out he is a Minnesota kid and he is still available to perform if you so desire. Now, on to the corn.
[MORE]
Mar.
13
CORN: 4 lower
REMARKS:
Yesterday the market was all a twitter with word that unknown had purchased some more old crop corn. The last time I had seen that particular type of buzz was when my Mom and the other ladies of the Canby, MN AAUW scored some hot
[MORE]
Mar.
12
Mar.
9
CORN: 2 lower
REMARKS:
Well, I have to admit that I am a little surprised by this morning’s numbers. Let’s start with the 2011/12 carryout which was left unchanged at 801 million bushels. The average trade guess coming into the report was 784 with most
[MORE]
Mar.
8
CORN: 4 higher
REMARKS:
When my slow cousin Jimmy gets mad his face turns red and when he speaks his voice is very loud, kind of shaky and he spews a great deal of moisture out of his mouth in the process. Anyone unfortunate enough to be standing in front of him when he
[MORE]
Mar.
1
March 2, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 3 lower New Crop 1 higher
REMARKS:
To paraphrase that great philosopher Tommy Boy, I can get a good look at a T-bone by sticking my head up a
[MORE]
Feb.
29
March 1, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
I would like to kick things off this morning by noting that the dollar posted a key reversal to the upside with yesterday’s close. Will this be the
[MORE]
Feb.
28
Feb.
28
February 28, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 2 higher
REMARKS:
Since we have spent a lot of time lately being influenced by stories coming out of South America we may as well start there again hits morning. A private analyst has
[MORE]
Feb.
27
February 27, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
We have crude oil lower this morning which may put some pressure on corn at the open but the headline that is grabbing my attention this morning is a Reuters story with the
[MORE]
Feb.
24
February 24, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
Let’s kick this off this morning by looking at the acreage projections the Ag Forum has given us. They are using a planted acres number of 94
[MORE]
Feb.
23
Feb.
21
February 22, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
With the Ag Forum quickly approaching the cold reality of what that event will probably show us hit the market like a deluge of ice cold water
[MORE]
Feb.
21
February 21, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 6 lower
REMARKS:
As I looked in the mirror this morning it occurred to me that today is Fat Tuesday, hope you have a great day. As far as corn goes it appears as if it may
[MORE]
Feb.
17
February 20, 2012
By: Craig Haugaard, Grain Origination Manager
The futures market is closed today in honor of President’s Day. Oh to have leaders like Washington and Lincoln once again.
Feb.
16
February 17, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 5 higher New Crop 1 higher
REMARKS:
Corn was the beneficiary of profit taking as traders actively bought corn and sold beans as they unwound spreads and
[MORE]
Feb.
15
February 16, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 2 lower
REMARKS:
From a fundamental news standpoint yesterday was not all that bad. The weekly ethanol numbers were surprisingly strong and we had South Korea step in
[MORE]
Feb.
14
February 15, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
OK, so it turns out that the feeling that I had yesterday that I was supposed to do something was probably related to the fact that it was Valentine’s
[MORE]
Feb.
13
February 14, 2012
By: Craig Haugaard, Grain Origination Manager
Did you ever have the feeling that you were forgetting something important? I have had the feeling all morning that I was supposed to do something today but I’ll be darned if I can remember what it
[MORE]
Feb.
13
February 13, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old Crop 5 higher New Crop 3 higher
REMARKS:
The world financial situation may be a significant market force today. On Friday we saw the S & P
[MORE]
Feb.
9
Feb.
9
February 9, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
Well, it’s official now. For the second straight month the average trade guess was to take the carry-out below the 800 million bushel barrier and for
[MORE]
Feb.
7
February 8, 2012
By: Craig Haugaard, Grain Origination Manager
CORN:Old crop 5 higher New Crop 1 higher
REMARKS:
When I was a kid I loved watching the old westerns. One of the things they did really well was to set the mood
[MORE]
Feb.
7
February 7, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 4 lower
REMARKS:
The trade spent much of yesterday being influenced to one degree or another by three factors and the same three will probably be in the driver’s seat again
[MORE]
Feb.
6
Feb.
2
February 3, 2012
By: Craig Haugaard, Grain Origination Manager
CORN:Old crop 1 higher New Crop 1 lower
REMARKS:
I have been spending way too much time reading export projections because last night I dreamed that Tom Vilsack
[MORE]
Feb.
1
Feb.
1
February 1, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 9 higher
REMARKS:
With wheat charging higher yesterday corn assumed the coat-tails position for a change. The fear of wheat damage in Europe coupled with ongoing fears of a
[MORE]
Jan.
30
January 30, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 8 lower
REMARKS:
This morning it appears as if we will have a pure weather market that we are dealing with. The forecast for South America is for cooler and wetter weather
[MORE]
Jan.
25
Jan.
24
January 25, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Old crop 3 higher New Crop 2 lower
REMARKS:
I have been sitting here this morning trying to think of a good analogy for the stupidity which we have seen on display lately
[MORE]
Jan.
23
January 24, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 4 lower
REMARKS:
Disappointing rains were the main feature of the trade yesterday. Also helping the cause was continued fears over the Iranian saber rattling which had
[MORE]
Jan.
23
CORN: 6 higher
REMARKS:
We are back to playing the South American weather game again this morning. Rains over the week-end were termed “disappointing” and although there is rain in the forecast for later this week all we needed to push the grains higher
[MORE]
Jan.
17
Jan.
16
January 17, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 8 higher
REMARKS:
Coming off of a three day week-end it is always a little dicey to try and determine which way the market is going to go but I suspect we now have the USDA
[MORE]
Jan.
12
January 13, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 4 lower
REMARKS:
Based on the markets yesterday it looks as if Friday the 13th came a day early. With an increase in the national average yield and production with
[MORE]
Jan.
12
January 12, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: Out of the market until the open
REMARKS:
I will start by saying that SDWG is out of the market this morning until the open. That probably tells you all you need to
[MORE]
Jan.
10
January 10, 2012
By: Craig Haugaard, Grain Origination Manager
I would like to remind you that Wheat Grower annual meeting is this week. Today we will be at the Dakota Event Center in Aberdeen and then on Wednesday, January 11 we will be meeting at the Crossroads in
[MORE]
Jan.
9
January 9, 2012
By: Craig Haugaard, Grain Origination Manager
I would like to remind you that Wheat Grower annual meeting is this week. Tomorrow, January 10 we will be at the Dakota Event Center in Aberdeen and then on Wednesday, January 11 we will be meeting at the
[MORE]
Jan.
4
January 5, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 6 lower
REMARKS:
I find myself wishing I was a radio DJ this morning because I have had an overwhelming urge to play Summer in the City by the Loving Spoonful and dedicate it to the fine
[MORE]
Jan.
4
January 4, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
When my kids were little they could, at times, be little jerks. One of the things that irritated me the most was when one of them would try to tell something to the
[MORE]
Jan.
3
January 3, 2012
By: Craig Haugaard, Grain Origination Manager
CORN: 3 higher
REMARKS:
I think my slow cousin Jimmy could call this market today. As I pen these words crude oil is up over two bucks a barrel, the dollar is down sharply and they
[MORE]
Dec.
28
December 29, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
It is a wacky world these days. We have the saber rattling in the Strait of Hormuz where Iran Naval Chief said yesterday, “Closing the Strait of
[MORE]
Dec.
27
December 28, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 higher
REMARKS:
We appear to be the beneficiaries of a drought in South America. With disappointing rains over the week-end and a ten day forecast showing hot and dry
[MORE]
Dec.
27
December 27, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
We are all familiar with the 12 Days of Christmas but this morning I wanted to look at my own version, the first trading day after Christmas for the past 12
[MORE]
Dec.
23
December 26, 2011
By: Craig Haugaard, Grain Origination Manager
A number of you have been asking me what my slow cousin Jimmy has been doing lately and so with
[MORE]
Dec.
21
December 22, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
It would be a bit simplistic to say that the markets are a one trick pony these days but the hard cruel fact is that the attention of the trade is glued to South
[MORE]
Dec.
20
December 21, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 4 lower
REMARKS:
A trifecta of terrific news drove the commodity prices higher yesterday. Outside markets surged nicely with crude oil up in excess of $3/barrel while the
[MORE]
Dec.
19
They say a picture is worth a thousand words so what follows is a six thousand word opening comments. The following are the seasonal charts followed by the 2012 new crop futures charts with the Fibonacci numbers drawn in.
December 19, 2011
By: Craig Haugaard,
[MORE]
Dec.
18
December 19, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 12 higher
REMARKS:
I had a chance to catch up on some reading over the week-end and came across an opportunity that some of you may want to take advantage of. There is a
[MORE]
Dec.
15
December 16, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
I had a fellow call me up yesterday and ask me what I thought the markets were going to do. After I got done giving my opinion he called me a Grinch.
[MORE]
Dec.
14
December 15, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
I sometimes get the feeling that there are days in the market when the action has nothing to do with the underlying commodity. That was the case with grains
[MORE]
Dec.
13
December 14, 2011
By: Craig Haugaard, Grain Origination Manager
Recently I had a friend from New York City come out and visit our state for the first time in his life. I should preface this by saying that my friend grew up in New York City and has no familiarity with
[MORE]
Dec.
8
December 8, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
I have heard from several of you lately that my comments have all been a little negative. I didn’t think much about it until Tuesday when I was
[MORE]
Dec.
6
Dec.
5
The Financial Times of London yesterday ran a story yesterday saying that Germany and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative credit watch.
[MORE]
Dec.
2
Dec.
2
December 2, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
As we get ready for today’s session to open I see that the dollar is a little lower, crude oil is higher and the S & P futures are trading higher so
[MORE]
Nov.
30
December 1, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 higher
REMARKS:
No sooner had I sent out yesterday’s comments than I heard that, metaphorically speaking, the USA was going to provide more ice cream to the
[MORE]
Nov.
29
I once had a guy tell me, “If you take a quart of ice cream and a quart of dog feces and mix them together, the result will generally taste more like the latter than the former.” I was reminded of that yesterday as I read the news reports coming out of Europe. Unless
[MORE]
Nov.
28
November 29, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
Let’s start with an assumption. Let us assume that yesterday marked a change in direction for the
[MORE]
Nov.
28
November 28, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 10 higher
REMARKS:
The dollar is down sharply this morning and crude oil is up $2.95/barrel as I write this so we will in all likelihood have a higher opening and
[MORE]
Nov.
24
The outside markets held the key to commodities on Wednesday and I suspect that may be a trend that continues for some time. Of particular concern to the markets at large on Wednesday was the fact that Germany tried to sell bonds and could only find buyers for 60% of what they were
[MORE]
Nov.
23
November 24, 2011
By: Craig Haugaard, Grain Origination Manager
Nov.
21
November 22, 2011
By: Craig Haugaard, Grain Origination Manager
I am beginning to wonder if I am a paranoid freak or a genius. The reason that I say that is that I just can’t get too excited about the grain fundamentals and getting a little obsessed with the
[MORE]
Nov.
20
Nov.
17
November 18, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
I have been a little on the bearish side the past week or two but even I was a little depressed by the ferocity with which the markets were treated
[MORE]
Nov.
16
November 17, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 6 lower
REMARKS:
Mahmoud Ahmadinejad and his merry band of mischief makers had crude oil sharply higher yesterday on the threat to shut down the Strait of Hormuz should
[MORE]
Nov.
15
Nov.
15
November 15, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 higher
REMARKS:
I was out on vacation last Friday as well as yesterday but it does not appear as if much changed while I was way. The first thing that jumped out at me
[MORE]
Nov.
9
Nov.
9
November 9, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 lower
REMARKS:
Well, we have out USDA report and I would bet there is a pretty good chance that we won’t be trading it by the end of today’s session. First,
[MORE]
Nov.
7
November 8, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 2 higher
REMARKS:
This market has been about as fast moving as a tortoise on valium lately and I don’t think things are going to change much today. With the USDA
[MORE]
Nov.
6
Nov.
4
Nov.
2
Oct.
31
Oct.
31
October 31, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 7 lower
REMARKS:
With today being Halloween I thought it was time to hear from the Voice From the Tomb.
Long ago in the Windy City there lived a grain trader who
[MORE]
Oct.
28
October 28, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 4 lower
REMARKS:
I will be the first to admit that I am a little twisted but as I have watched the European economic situation push to the brink of imploding, watched the Greeks
[MORE]
Oct.
26
October 27, 2011
By: Craig Haugaard, Grain Origination Manager
CORN:10 higher
REMARKS:
Have you ever felt like the only fire hydrant in a dog pound? That is pretty much the way that commodity bulls felt yesterday as everything seemed
[MORE]
Oct.
25
Oct.
25
October 25, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 4 higher
REMARKS:
Well, we were higher in the overnight once again but the question is; Does this mean anything? The past couple of night sessions we have had a very strong
[MORE]
Oct.
24
October 24, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 10 higher
REMARKS:
It is said that a rising tides raises all ships and that principle seems to have been at work in the overnight markets. The situation in Europe is at
[MORE]
Oct.
21
October 21, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 9 higher
REMARKS:
A few years ago I had a friend that bought his dream pickup and had vanity plates put on it that said CUZICAN. As far as I can tell that could have been
[MORE]
Oct.
20
October 20, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
We saw the funds sell 8000 contracts yesterday which put some pressure on the market. This could become a trend as the CFTC voted yesterday to limit the
[MORE]
Oct.
18
October 19, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 2 higher
REMARKS:
I know that a lot of you use smart phones so I am excited to announce that SDWG has a site that you can access from your mobile phone that I believe is the
[MORE]
Oct.
18
October 18, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 9 lower
REMARKS:
The problems in Europe will just not go away with Moody now telling France that their rating could be in jeopardy if they dont get their financial house in
[MORE]
Oct.
17
October 17, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
This week-end I read about the coolest thing that I just have to share with you. I read about autopoiesis. This is a concept that a biologist by the
[MORE]
Oct.
12
October 13, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 8 lower
REMARKS:
After the limit up move of Tuesday, yesterdays action was kind of anticlimactic. For that matter I suppose the USDA report fell into that category as
[MORE]
Oct.
12
October 12, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
Well, my opinion that yesterday we should “see an unremarkable session today” could not have been more wrong as buyers streamed into this market
[MORE]
Oct.
10
October 11, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 higher
REMARKS:
The market had a pretty wild night Sunday evening as fantasies about Chinese buying and a lower dollar drove the traders into a bullish speculative
[MORE]
Oct.
10
The headline for a story in The Financial Times of London yesterday read as follows:
‘Time short’ for eurozone, says Cameron
The story spoke to the idea that they have just weeks to “avert economic disaster” in
[MORE]
Oct.
6
October 7, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: open should follow the overnight close
REMARKS:
I needed to be on the road before the overnight market closed this morning but look for the day session to open in line with
[MORE]
Oct.
6
October 6, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 4 higher
REMARKS:
The market surged higher yesterday on the renewed hope that the world financial situation is stabilizing. The prospect of a stabilized global financial
[MORE]
Oct.
4
Oct.
3
October 4, 2011
By: Craig Haugaard, Grain Origination Manager
Was yesterday just a dead cat bounce or is the market getting ready to roar once
[MORE]
Oct.
3
October 3, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 13 lower
REMARKS:
European turmoil has the dollar higher again this morning. That coupled with the lingering shock of Friday’s USDA report will have the market opening lower
[MORE]
Sep.
30
September 30, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 30 lower
REMARKS:
We may have a pretty good shot at hitting that new 40 cents limit today. Unfortunately we will probably test it on the downside. The average trade guess
[MORE]
Sep.
28
September 29, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: unchanged
REMARKS:
There is a school of thought that
[MORE]
Sep.
28
September 28, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 7 lower
REMARKS:
I am not sure what to lead off with this morning so I am going to go with the stuff that might matter down the road but that nobody probably cares much about right
[MORE]
Sep.
27
On this day in 1881 the record for “smallest crowd” to ever watch a professional baseball game occurred when 12 folks showed up to see the Chicago Cubs beat the Troy Trojans by a score of 10 to 8. That has nothing to do with the markets but it is also the most interesting
[MORE]
Sep.
26
“If you can keep your head when all about you
Are losing theirs…” Rudyard Kipling
September 26, 2011
By: Craig Haugaard, Grain
[MORE]
Sep.
22
September 23, 2011
By: Craig Haugaard, Grain Origination Manager
On April 26 of this year I ran the CRB index chart showing you that we had experienced a full 61.8% Fibonacci retracement of the last down move and suggesting that we needed to keep the market
[MORE]
Sep.
22
September 22, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 20 lower
REMARKS:
The outside markets will set the tone for the market today and perhaps for days to come. The whole world seems on the edge of an economic precipice. In
[MORE]
Sep.
21
September 21, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 2 higher
REMARKS:
We were better right out of the chute on Tuesday as the impact of another decline in the crop ratings coupled with persistent rumors of Chinese corn purchases stirred
[MORE]
Sep.
20
September 20, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 11 higher
REMARKS:
The market started out getting stomped on yesterday as the negative pressures of the outside markets sapped any bullish enthusiasm that traders may have still
[MORE]
Sep.
18
September 19, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 6 lower
REMARKS:
The headline of one article that I read this morning was Europe digs ever deeper debt hole. This has the dollar higher this
[MORE]
Sep.
16
September 16, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 4 higher
REMARKS:
Sometimes in life you run into things that just make you shake your head. Yesterday I went into a fast food place to grab lunch. The young lady behind the
[MORE]
Sep.
15
September 15, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
I heard from a number of you with grandparent sayings that I missed yesterday. Some of the ones that I missed were: You haven’t the brains that
[MORE]
Sep.
14
September 14, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
I was at a meeting yesterday where one of the speakers kicked off their comments by say, “Like your grandparents used to tell you, an ounce of prevention is worth
[MORE]
Sep.
12
Sep.
12
September 12, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 5 lower
REMARKS:
The report this morning reflects one of the largest yield reductions ever made in a September report. If memory serves me correctly the average trade guess coming
[MORE]
Sep.
9
September 9, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 higher
REMARKS:
More pressure on the corn market yesterday as reports trickling out of Illinois seemed to indicate that the corn that has been harvested thus far is yielding
[MORE]
Sep.
8
September 8, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 3 lower
REMARKS:
We tossed a pretty good pile of positive news at this market yesterday and couldn’t manage to close in positive territory for the day. We were working off of
[MORE]
Sep.
6
September 7, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 6 higher
REMARKS:
We had a very interesting session yesterday with corn finally staging a comeback when the price of crude oil turned and started to work higher. To illustrate
[MORE]
Sep.
5
Sep.
1
September 2, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 5 higher
REMARKS:
We saw rampant profit taking during yesterday’s session as funds were sellers of 18,000 contracts during the session. As best I can determine the sell
[MORE]
Sep.
1
September 1, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 8 lower
REMARKS:
Before I get into the morning comments I have to tell you that I saw the coolest thing a couple days ago. I saw a SDWG patron sell cash corn for over
[MORE]
Aug.
30
Aug.
26
August 29, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 7 higher
REMARKS:
I have found myself wondering this week-end if I am myopic in my thinking. I hope not, but having said that I can’t imagine that we will do anything
[MORE]
Aug.
26
August 26, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 1 lower
REMARKS:
The July 2011 corn futures had a life of contract high at $7.99 ¾. We achieved that price as we were looking at an estimated carry-out of 675. Now, as
[MORE]
Aug.
24
Aug.
24
Aug.
23
August 23, 2011
By: Craig Haugaard, Grain Origination Manager
Apparently this audience contains huge number of Meatloaf fans as we had an overwhelming number of you respond with Paradise by the Dashboard Light. On the other hand it would appear that Julio
[MORE]
Aug.
22
Aug.
19
Aug.
18
Aug.
16
Aug.
16
Aug.
15
Aug.
12
Aug.
10
Aug.
9
Aug.
9
The outside markets seem to have stabilized this morning with DOW futures up 129 as I write these words. Crude oil and the dollar are still a little lower while gold is higher once again.
August 9, 2011
By: Craig Haugaard, Grain Origination Manager
[MORE]
Aug.
8
It is no secret that the news that has dominated since Friday evening is the downgrading of the United States from AAA to AA+. With this downgrade we now have the same credit rating as that economic powerhouse, Belgium. In overnight trade stock market indexes around the world as
[MORE]
Aug.
5
It is with more than a little embarrassment that I reveal publicly for the first time that the first vote I ever cast for president was in 1976 and I cast that vote for Jimmy Carter. Although I wax nostalgic for those days from time to time one thing that I don’t miss are the
[MORE]
Aug.
3
The headline of a Bloomberg article this morning probably says it all - Yen Slides By Most Since 2008 as Japan Resumes Intervention; Franc Weakens. The story reported that the yen fell by over 4% today and noted that the Euro was weaker as well. The
[MORE]
Aug.
2
I had to be on the road prior to the closing on the overnight session but look or the markets to open in line with the overnights close.
August 3, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: use the overnight sessions close
Aug.
2
It was this day in 1972 that gold hit $70/once for the first time. Things have certainly changed since those days.
August 2, 2011
By: Craig Haugaard, Grain Origination Manager
CORN: 2 lower
REMARKS:
The market surged higher on
[MORE]
Aug.
1
The news of a budget deal seems to have rallied stocks around the world. It also has crude oil higher and the dollar lower which should be supportive to commodities today. In the end it looks like we probably just kicked the can down the road or to be more precise re-arranged the
[MORE]
Jul.
29
Jul.
27
Jul.
26
Enter your e-mail address to subscribe to this blog and receive notifications of new posts by e-mail.
Travis Antonsen
Producer Marketing Manager
Jay Culver
Sales Agronomist
Brad Ruden
Director of Agronomy Technical Services
