News and Blog

Grains - Several data releases from government agencies yesterday worth quickly reviewing.  NASS issued the Fats & Oils and Grain Crushings reports yesterday afternoon.  Looking at the Fats & Oils report first, the Oct soybean crush was reported at roughly...

Energy - An especially wild day in energy futures yesterday.  Obviously by now everyone knows OPEC came up to an agreement on a production cut.  I have attached a breakdown here for your review and here are some stream-of-consciousness thoughts on the issue: For the...

Livestock - Cash cattle trade remains slow this week.  There was some very light trade of 84 heifers in NE at $170, near the low end of last week’s trade range.  Most action is probably waiting until today’s Fed Cattle Exchange is done. Cutout held together pretty...

Grains - USDA today will release its “early look” of selected tables on its long-term projections through 2026 later this morning.  I personally never put too much thought into these figures, as they are mainly done for government budgeting purposes, but one can never...

Grains - The USD-BRL cross is basically steady at the time of writing this morning, but it remains close to recent lows.  Meanwhile CBOT futures continue to rally, putting more reals in the hands of the Brazilian farmer these days.  The chart below shows SK futures...

Grains - Yesterday posted another very impressive performance for the soy complex while corn and wheat traded somewhat listlessly until the late stages of yesterday’s session.  It of course begs the question, has anything changed recently that dramatically alters...

Grains - I have no major news or data to pass along this morning. We have started the week following inline with last week’s late strength. Friday’s COT report showed larger net selling in ag futures than expected, and that might be viewed as somewhat supportive....