We’re going to take a look at USDA Supply Demand Report. US soybean ending stocks for 2016/2017 crop year are estimated to be 290 million bushels. This was up 30 million bushels from the June report and in line with trade expectations. US corn production for 2016/2017 is projected to be a record 14.54 billion […]
The soybean futures market at the CBOT has rallied $3.50 per bushel in the past four months. This strength may have come as a surprise to some market participants, given U.S. soybean ending stocks have increased in each of the past two years. However, astute chart readers were led to believe that something was up […]
Today’s USDA Seeded Acreage Report. Soybeans area up 1% from last year at a record 83.70 million acres. This was in line with trade expectations. The corn seeded area up 7% from last year at 94.15 million acres. The trade was looking for a reduction of 840,000 acres from the March planting intentions report, but […]
Today Statistics Canada updated their seeded acreage report for the major crops. Watch our video below for insightful commentary from David Drozd, Senior Grain Marketing Analyst from AgChieve.
Sometimes it just does not pay to ignore what the charts are telling you. Case in point, soybean meal futures exploded higher after a two month reversal materialized on the monthly nearby futures chart. This reversal pattern indicated a change in trend and is illustrated in the accompanying chart. Since its development on March 31st, […]