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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

[Deep Dive] Commodity Demand-Side Information Sources

Demand is an ongoing process, and understanding and anticipating it takes careful and consistent attention. Executive summary: * A complete look at sources of public information used by firms and traders * How to create a framework to further analyze demand * A look at usage segments, feed demand, and domestic versus export
[Deep Dive] Commodity Demand-Side Information Sources

This Week in Ag (August 23)

Author: Doug Christie Fundamental Soy is the only market that has been able to trade above pre-WASDE levels despite the reports from USDA which lowered production and projected stocks for corn, soy, wheat and cotton. Perception seems to be that crop prospects have stabilized and yields will meet or exceed

This Week in Ag (August 9)

Sideways price action as market looks to WASDE report on Friday. Fundamental A similar theme this week. The generally hot weather pattern continues but with enough scattered moisture to keep bulls defensive. Condition scores for corn and beans reflected that, with a slight uptick in Good-Excellent ratings this week and