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Grains Up But Cotton Down Following October WASDE Report

Author: Doug Christie Fundamental The October WASDE figures gave a jump start to grain markets, with lower production estimates posted for US corn and soy. The USDA lowered yields for both crops and that was enough to get a bit of upward momentum. Soy has been able to sustain that,

Markets Have a Defensive Tone

Author: Doug Christie Fundamental The release of the October WASDE report on Thursday will be the primary fundamental focus for markets. Coming into the report, the major US crops have had a defensive tone. Corn and soy are basically unchanged in price over the past five trading sessions, while wheat

[Video] Do USDA Reports Move the Market?

USDA reports are among the most important reports in the agricultural commodities market. To what extent do USDA reports move the futures market? How do traders adjust their trading positions with the release of USDA reports? We talked to Doug and Olga Isengildina Massa, a professor at Virginia Tech, for
[Video] Do USDA Reports Move the Market?

Soy and Wheat Downtrends Continue, While Corn and Cotton Consolidate.

Author: Doug Christie Fundamental The major fundamental input was the release of the grain stocks report last Friday, creating a bearish tone with soy, wheat and corn all closing down sharply in the immediate wake of the report. While the reported figures were only slightly lower than year-ago numbers, the

Markets Consolidate as US Harvest Approaches

Author: Doug Christie Fundamental Futures prices have remained in a narrow range over the past five trading days, with corn finishing up 3 cents, soy down 12 cents, wheat up 5 cents and cotton up 56 points. The decline in beans has slowed while corn and wheat both managed to

Supply Versus Demand Standoff Continues

Author: Doug Christie Fundamental In the week following the printing of new supply-demand estimates, soy has been the only market to show much movement. The November contract is down 30 cents on the week and off 52 cents from pre-report levels. Corn is exactly unchanged this week, with wheat and

[Video] What are the Supply and Demand Drivers of Ag Futures Market?

To what extent do supply and demand drive the agricultural futures market? In this episode, Doug is joined by Scott Irwin, the Laurence J. Norton Chair of Agricultural Marketing at the University of Illinois, for a deep dive on the supply and demand fundamentals, short term volatility, policy changes, and

This Week in Ag (September 13)

WASDE figures released, but limited market response. Fundamental In the trading hours following the release of updated WASDE numbers, the corn and bean markets behaved in classic “buy the rumor, sell the fact" fashion, moving lower immediately following the update. In corn, a 1.3 bushel per acre reduction

This Week in Ag (September 6)

Cotton up, soy down, grains unchanged across Labor Day period and one week out from WASDE. Fundamental Cotton moved up sharply going into the long weekend but was unable to sustain those gains coming out of the holiday. In what has been a hot and dry summer across the US,

This Week in Ag (August 30)

Ags stay on trend as financial markets find some footing Fundamental Nominally stronger markets on the week despite a rough day yesterday for corn and soy. Over the last 5 trading day period soy was the most active, posting a 46-cent gain while corn moved up 13 cents, Cotton up