Below you'll find a list of all posts that have been tagged as “grain market outlook”
Average trade estimates show grain analysts expect a lower corn acreage number from USDA today and a slightly higher soybean number. In March, USDA put corn at 95.3 million acres. We expect a number at or just below 95 million today. Planters rolled nearly nonstop, especially in this area, resulting in a few more soybean acres nationwide. We think 85 …
Outside of ag commodities at midweek, the dollar index posting its highest level in 13 months, two-year treasuries trading at 16-month highs, while crude oil continues lower, now the lowest since early in February. Grain trade not the only sector battling support in here at midweek. Bottom line analysts point to the tech sector under pressure early week with those …
Bottom Line grain analysts wonder if the grain trade is getting a little ahead of itself here in early June. Corn, soybean, wheat futures all seeing lower lows on a regular basis. Wheat in fact is lower 10 sessions in a row, even with conditions here at harvest the lowest in 37 years. Harvest pressure is here, combines rolling in …
Bottom Line grain analysts suggest keeping an eye on corn futures, a rally back above $5 from just two weeks ago. December corn reached a 52-week high, $5.06 and a half on May 13th, and quickly backed off toward the $4.80 level, good planning progress, favorable weather in most major areas, and continued uncertainty on any resolution with Iran. Bottom Line analysts say those …
The Consumer Confidence Index, the highest in four months, hopefully trickling down to Main Street. The February reading from the Conference Board was the highest since October, reaching just over 91. Looking at January’s number, also adjusted higher, from near a 12-year low of 84.5 up to 89. Economists say the improvement comes from consumers’ view of the future. Bottom Line analysts say these readings and …
Grain Markets Search for Support After Major Data Release The grain markets faced their largest data release of the year last Monday, and the results have kept pressure on prices across key commodities. With sellers still largely in control, market analysts are now closely watching technical levels to determine where new price support may emerge for corn, soybeans, and wheat. …
Traders Anticipate Market Shifts Ahead of November USDA Crop Report After a two-month data gap, the U.S. Department of Agriculture (USDA) is set to release its long-awaited crop report, which could bring significant movement to the grain markets. The last official supply and demand report was issued on September 12, leaving traders, exporters, and producers without updated figures during the …
