BASIC & RECENT MARKET INFO

S&D Report Comment The biggest surprise on yesterday’s USDA S&D was the 2.1 million increase in corn planted acres and the decrease of 2.5 million acres of soybeans. The adjustment was made primarily as a result of the FSA certified acreage totals being available. This is the third consecutive year the FSA had the certified acreage paperwork completed before the August S&D. Always before, the certified acreage numbers were not available until September.   There is probably no

Tidbits President Trump  said his senior administration officials will meet with their Chinese  counterparts in London for trade talks on June 9. Trump also confirmed that he and Xi agreed to visit each other once in China and again in the U.S.   China  has called for improving bilateral ties with Canada and is willing to work with Canadian officials to address each other’s concerns according to Chinese Premier Li Qiang.   The EU  agriculture commissioner has said the EU is o

Highlights On Thursday, July corn  settled above its 200 day moving average for the first time since 2 May.   Reuters News Agriculture analyst Karen Braun reports this week included: "December corn futures surged above all moving averages on Wednesday, reaching a 1-month high of $4.56 per bushel. The contract is up 4.6% so far this week. But will we eventually hit $4.70? Since at least 1973, Dec corn has never failed to return to its average February price.   At 4.18 million

Tidbits The markets are closed today for Good Friday. They will reopen normal times on Sunday. Why have soybean futures been surprisingly firm this month? Canola futures rose above CA$680 per mt yesterday, up $120 since 17 March, as tightening supplies compounded with robust global demand for vegetable oils spurred the rally. China’s 100% tariffs on Canadian canola meal and oil makes canola seed exports to the U.S. very important for Canadian farmers. The U.S. is Canada’s top

Highlights On Tuesday, China hit Canada with an anti-dumping probe on canola after Canada imposed 100% tariffs on China’s electric vehicles and a 25% tariff on China’s aluminum. Canola November futures traded down the $45 per mt limit on Tuesday and settled down $23.80. Yesterday, canola stayed above Tuesday’s low, but settled down another $11.20.   Many analysts are saying this could be a trick that China likes to do to drop the prices of a commodity before making a purchase

Highlights Yesterday, Target, Lowes, Macy's, and Walmart all issued their quarterly financial reports and both were major, major...