Morning Comment – #Wheat #Corn #Soybeans – 04/06/2015

Soybeans down while soy oil up, corn flattish up, wheat down. It looks pretty dull this way but what a day… Volatility is the word. Funds sold 2,000 soybeans, bought 2,000 meal, bought 5,500 oil. They sold 3,000 wheat and were even on corn. Finally a bit of respite in W/C spread…  18 cents range … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 04/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 03/06/2015

Market is not boring by any means these days. Weather markets all over the world. US rain, US and Canada overnight freeze, Russia and Europe dry and hot weather, Australia drought, potential short Indian monsoon, El Niño,… Add volatility on currencies on top of it and the result is choppy indeed.  Wheat and Oats were … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 03/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 02/06/2015

Who is to blame today? US Dollar. Nice move, EURUSD and AUDUSD up more than 2%, GBPUSD up 1%, USDCAD down 1%... Market is expecting Greece to be saved! Woo hoo! June and July are bigtime for Greece indeed, sizeable amounts are to be paid to ECB. Did market really expected Greece would default without … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 02/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 02/06/2015

One can be genuinely clueless about where the markets are going on a short term point of view, but one sure thing is: fasten your seatbelt and get ready for a choppy ride!  Wheat rallied up after a quiet start on the night session. As it could be expected overnight freezing was out of the … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 02/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 01/06/2015

Wheat was trying hard to retrace the whole Friday sell off, and actually did it pretty easily. There must be a few long gamma traders very happy these days. There are still some talks about rain delaying the start of the harvest in Texas and Oklahoma and rain before the harvest can be really bad … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 01/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 01/06/2015

May is finally over. May has been extremely choppy for food stuff. Rice, Coffee and Sugar where sharply down while Cocoa was up sharply, wheat was volatile but finally stable (small up actually) while corn and Soy beans and meal Soybean went down significantly but soy oil went up.  As far as ags are concerned, … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 01/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 28/05/2015

Wheat is trading sideways… Market is having a lack of oomph and conviction today: down on ample supply prospects or up on short covering and weather fears? Struggling to make its mind up while corn is steady. Ethanol production is up 11,000 barrels per day to 969,000 barrels per day.  Soybeans are down on improvement … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 28/05/2015

Morning Comment – #Wheat #Corn #Soybeans – 27/05/2015

Funds continued to sell. 11,000 lots for wheat and 8,000 lots for corn… Wheat is getting closer again to the 100,000 mark while corn, option included, is getting closer to 200,000 lots! That is a level of short never seen pre-harvest.  Indeed, the crop progress and conditions was seen as bearish. Spring Wheat and Corn … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 27/05/2015

Evening Comment – #Wheat #Corn #Soybeans – 21/05/2015

In the principle, it’s a copy and paste of yesterday. Kansas wheat on fire, Chicago following slightly behind. Corn has not a lot of choice but to follow while soybeans are doing the ‘down’ quota for the day. Soybeans / Corn ratio took a serious hit from 2.75 to 2.58 in a few days, similarly … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 21/05/2015

Morning Comment – #Wheat #Corn #Soybeans – 21/05/2015

Funds kept selling corn (7,000 lots to reach a short of 140,000 lots), soybeans (5,000 contacts, they are now short 55,000 lots) but bought 5,000 lots of wheat, reducing their short to 94,000 contracts. Indeed, wheat has been pushed up on the same usual now weather concerns. Too wet, flooding, bugs, scab, sprout, lay over,… … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 21/05/2015