Category: Agriculture

  • Grain Outlook from CTA: Kottke Commodities

    | | Agriculture, Commodity Trading Advisor, CTA, Grains

    Simultaneous, intense logistical snarls in both ocean-going shipments and North American rail transportation made for divergence between cash grain values and underlying futures contracts during the month. Part of what we do is forecasting how futures will act to realign regional imbalances, but this proved largely impossible as “uneconomic” dislocations abounded as never before: Cancellation of excess soybean purchases by China occurred at such an awkward time that U.S. was simultaneously loading soybeans and soymeal for export, and offloading imports of the same commodities from South America. This left the managers with insufficient understanding of whether U.S. supplies were growing … Read more Grain Outlook from CTA: Kottke Commodities