Morning Comment – #Wheat #Corn #Soybeans – 15/06/2015

After a shy Friday, wheat seems to be keen on continuing going down and is leading the grains down. Funds drastically reduced their short position, risk off before the USDA WASDE report. The report was not bullish by any means and they seem to be on their rod to reinstate their massive short position. Watch … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 15/06/2015

Week-End Comment – #Wheat #Corn #Soybeans – 14/06/2015

Following the USDA report and the selloff, Egypt’s GASC has been consistent with its strategy and bought Thursday 60,000T of Russian wheat second half July shipment, CNF $199.49. As the best offer was close to being $3 better than the second best and as Thursday market continued to go down Sharply GASC only bought one … Continue reading Week-End Comment – #Wheat #Corn #Soybeans – 14/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 11/06/2015

After sleeping on the USDA Report, wake up feeling is weird. Yes that is still bearish crop, all the talks fears seems pointless. Yes but on the other side, it’s still not the real summer, market has been shaken up on a very unusual weather market for the season. On wheat basically, if the rain … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 11/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 10/06/2015

Just a few minor adjustment on wheat old crop. New wheat crop World production is increased +2.62MT to 721.55MT this is just -4.77MT compared to previous year, still above the 700MT level. US (+0.91MT), European Union (+0.39MT), FSU (+2.5MT) are increased while Argentina is decreased (-0.5MT). Ending stocks are slightly lowered to 202.40MT (-0.92) due … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 10/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 10/06/2015

Pressure is growing… USDA WASDE day… Fasten your seatbelt, life jacket under the seat… Unless it’s going to be a non-event once again because no huge change is actually expected! Whatever market has been really nervous about it, the amount of short covering and new long has been quite important, implied volatility was all over … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 10/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 09/06/2015

Another very nervous day before the USDA WASDE report, wheat was trading sideways: morning in negative territory and afternoon in the green. Corn finally managed to slightly disconnect itself from wheat and traded slightly lower (and corn prospects are quite good in the US so far), while soybeans reacted very positively (price action wise) to … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 09/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 09/06/2015

Short covering continued… Corn and Wheat bought 6,000 contracts each, Soybeans 5,000. Risk off before the USDA WASDE report, implied volatility went up, uncertainty before this report is quite thrilling. Day was driven by higher wheat and lower US dollar. Rain is still concerning, fusarium is still concerning. But temperatures are going higher and it’s … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 09/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 08/06/2015

It is still too wet and market is reacting putting wheat up again, two digits. But a question begin to arise: ok, some acreage will be lost, some yields with decrease, but some other places are going to see a huge benefits from the rains, and yield increase is expectable. So is the balance actually … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 08/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 08/06/2015

What to expect this week? Last week, wheat was the shining star on dryness, wetness, freezing. Obviously not at the same time and place! Canada, Australia, India, France, Black Sea,… Every producing country has been subject to weather market. Justified or not?  The main event will be USDA report on Wednesday. Short where drastically reduced … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 08/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 05/06/2015

This first week of June has been pretty hectic. Very technical days… Night session began on a softer not and gradually came into the green territory, outcry opened and market rallied to 2 digits up. Theses level did not sustained for long and just before the close market came back to the session lows and … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 05/06/2015