by Admin | Feb 18, 2021 | Uncategorized
Overnight’s break above Tue’s 3.8450 high reaffirms the major uptrend and leaves yesterday’s 3.7940 low in its wake as the latest smaller-degree corrective low this market is now minimally required to fail below to even defer, let alone...
by Admin | Feb 18, 2021 | Uncategorized
After roughly two months of lateral chop, overnight’s recovery above 05-Feb’s 127.87 smaller-degree corrective high in the now-prompt May contract renders Jan-Feb’s sell-off attempt a 3-wave affair. Left unaltered by a relapse below at...
by Admin | Feb 18, 2021 | Uncategorized
-Brazilian soybean crop harvest significantly behind last year as well as the average-Brazilian 1st corn crop harvest slightly behind last year, ahead of average-Brazilian second corn crop planting has had a slow start and is well behind last year and well behind...
by Admin | Feb 18, 2021 | Uncategorized
-USDA new crop acreage ideas mostly in line with expectations – corn a touch low-Brazil soybean harvest/corn planting delays mount-USDA Cattle on Feed report Friday-Some rains added to Argentine forecast ï‚· USDA’s initial...
by Admin | Feb 18, 2021 | Uncategorized
This morning, in the opening session of the USDA’s Ag Outlook Forum, some preliminary ideas on the 2021/22 U.S. crop situation were released by the USDA. This post contains a look at USDA’s initial look at new crop acreage ideas, along with estimated...
by Admin | Feb 18, 2021 | Uncategorized
Date Time Event Period Survey Prior2/18/2021 8:30 USDA Outlook Corn Acreage 13-Jul — –2/18/2021 8:30 USDA Outlook Cotton Acreage 13-Jul — –2/18/2021 8:30 USDA Outlook Soybean Acreage 13-Jul — –2/18/2021 8:30 USDA Outlook Wheat...
by Admin | Feb 18, 2021 | Uncategorized
Cold snap causes continued energy havocFOMC provides reassurance that QE tapering won’t happen for “some time”U.S. unemployment claims expected to show improvementU.S. housing starts expected to remain strong30-year TIPS auction Cold snap causes...
by Admin | Feb 18, 2021 | Uncategorized
US 0800 ET Fed Governor Lael Brainard speaks at a climate finance summit hosted by the Institute for International Finance.0830 ET Weekly initial unemployment claims expected -23,000 to 770,000, previous -19,000 to 793,000. Weekly continuing claims expected -145,000...
by Admin | Feb 17, 2021 | Uncategorized
-Soaring natgas prices slowing ethanol production-Algeria wheat purchase less than expected-No USDA sales announcements-EIA/Export Sales delayed one day due to holiday It’s another quiet news morning for the grain markets, with overnight price...
