Tag: wheat
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Incredible Velocity Movement Between KC Wheat and Chicago Corn
| | Agriculture
Commentary provided by Chad Burlet of Third Street AG Investments As always, the month of March and the first quarter ended with the USDA’s release of their March 1 stocks report and their spring planting intentions report. These reports often have the potential to dramatically disrupt conventional wisdom and today’s report did not disappoint. For the past several years the stocks numbers have provided the biggest surprise, but today it was the acreage estimates that rocked the market. Both corn and soybeans came in well below the average of the analysts’ estimates. An overwhelming majority expected the two major row crops to … Read more Incredible Velocity Movement Between KC Wheat and Chicago Corn -
Kottke Commodities – Cheaper Gas and Oil Slashes Grain Costs
| | Commodities, Commodity Trading Advisor, Kottke Commodities, Managed Futures, USDA
Most of our expectations are really just knee-jerk reactions to day-to-day details, but today’s headlines rarely reflect tomorrow’s reality meaningfully. How many tectonic changes in how many different areas of our lives have and continue to occur, only dimly perceived even by those attentive to broadcast, print, and internet? Indeed most “experts” seem equally oblivious, leaving mainly to historians the task of describing change … Read more Kottke Commodities – Cheaper Gas and Oil Slashes Grain Costs -
A look back at the Grain Markets
| | Commodity Trading Advisor, Grains, USDA
Wheat made new lows led by Matif, and corn and beans worked towards low end of the ranges. There were no real weather scares in SAm and both corn and bean prod’n ideas are getting bigger. For the month, corn lost 19-20 cents and beans were down 27. Meal was down $11.00 and oil down 25 points. Chgo was the biggest loser – down 35 cents with KC down 27 and Mpls down 16. Matif wheat was down $14.75 euros/tonne – 44 cents. French wheat is $20-25/ton below SRW and thus continues to bring Chgo down … Read more A look back at the Grain Markets -
Kottke Associates – It’s The Weather, Stupid
| | Agriculture, Grains, Kottke Commodities, Managed Futures, spread trading
August trading results improved markedly as one of the metrics with which we track ourselves, the ratio of winning trades to losers, rose dramatically. Summer crop development was uncharacteristically dull, with unchanging, uncannily positive growing conditions. Since we refrain from exposing investor capital to weather forecasts anyway, we trained our attention on the wheat crops already harvested and the old-crop soybean market still working out its supply tightness … Read more Kottke Associates – It’s The Weather, Stupid -
Kottke Commodities – A Sea Change in World Grain Prices
| | Agriculture, Commodity Trading Advisor, Fundamental, Grains, Kottke Commodities, Soybean Meal, Soybean Oil, Soyoil
After persistent rain-delayed spring planting, a clearing window allowed its completion – and consistently excellent crop-development weather has prevailed since. On May 18 U.S. planting was decidedly behind average pace, verging on price bullishness, but only a week later it had leapt ahead. About 90% of the Corn Belt received normal to above-average spring rainfall, which together with moderate temperatures has supercharged growth progress. The result is no less than a sea change in prices which have been kept high in recent years by harvests lagging amid demand growth … Read more Kottke Commodities – A Sea Change in World Grain Prices