6/18/18

Morning Bullet Points - 06/18/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading lower again with wheat “catching down” to the corn/soybean markets. July options expire Friday with the largest open interest in corn/beans well above the market at 3.80 and 10.00 respectively. Friday’s CFTC report showed managed funds as...
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6/14/18

Morning Bullet Points - 06/14/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading lower overnight led by weakness in the corn that is reverting to liquidation mode. Export sales out this morning for wheat 302,300 MT (150-450 expected), old crop corn 936,400 MT (600-900), new crop corn 240,200 MT (200-400), old crop...
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6/12/18

Morning Bullet Points - 06/12/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading higher overnight in a small recovery ahead of the USDA numbers today. Crop ratings were slightly below expectations, but ratings remain historically strong. CONAB estimated Brazil soybean production this morning at 118.05 MMT, which was up...
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6/8/18

Morning Bullet Points - 06/08/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading mixed this morning with sizable overnight ranges. Agroconsult estimates Brazil soybean planting for the 2018/19 crop will increase by 1 million hectares. Agroconsult sees Brazil 1st crop corn area down by 3%. Agroconsult expected frost to...
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6/7/18

Morning Bullet Points - 06/07/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading higher overnight, led by strength in the wheat, which is related to crop concerns in several growing areas around the world. Export sales this morning for wheat were 250,900 MT (250-450 expected), old crop corn 838,600 MT (600-900...
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6/5/18

Morning Bullet Points - 06/05/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets recovering some of yesterday’s losses overnight with wheat seeing the best buying. Corn is up 2 cents, soybeans down 1 cents, and wheat up 13 cents. Crop progress yesterday came in as expected with corn ratings still historically high, soybean...
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6/4/18

Morning Bullet Points - 06/04/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading lower across the board overnight with US trade relations keeping buyers on the sidelines. Managed funds on the CFTC report were net buyers of 2,400 contracts of corn as of last Tuesday to push the net long out to 202,000 lots, net buyers of...
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6/1/18

Morning Bullet Points - 06/01/2018
HAPPY FRIDAY—   MARKET HIGHLIGHTS Markets trading mixed overnight with corn/soybeans higher and spreaders selling wheat. Weekly export sales this morning came out with old crop wheat 29,500 MT (-100-100 expected), new crop wheat 270,900 MT (150-450), old crop corn 993,100 MT (700-1,000),...
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5/31/18

Morning Bullet Points - 05/31/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading higher this morning in a relatively active night session.  Trump announces new steel and aluminum import tariffs on the EU, Mexico and Canada. Export sales delayed until tomorrow due to Memorial Day. Last day of May has corn trading...
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5/30/18

Morning Bullet Points - 05/30/2018
GOOD MORNING—   MARKET HIGHLIGHTS Markets trading lower overnight in follow through from yesterday’s weak finish as well as bearish crop ratings for corn yesterday afternoon. Corn rated 79% good-to-excellent, which is the highest late May rating on record.  The correlation between initial...
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