by garrygard | Oct 16, 2018 | Daily Insights, Uncategorized
Good Morning, Turnaround Tuesday as corn, beans and wheat open 3-10-3 respectively lower this morning. Soybeans were the catalyst for all commodities yesterday as traders continued to cover their short positions. Talk of quality issues, strong NOPA crush and reports...
by garrygard | Oct 15, 2018 | Daily Insights, Uncategorized
Good Morning, Soybeans are leading the way higher this morning as they try to maintain last week’s upward trend. Currently trading 10 higher this market is looking for life that may not be around long. President trump commented on Saturday that the Chinese President...
by garrygard | Oct 12, 2018 | Daily Insights, Uncategorized
Good Morning, Yesterday’s USDA report was a pleasant surprise for producers with a little boost in the markets. The rally yesterday was a result of lower US yields and technical and fundamental buying that followed. US yields were dropped to 180.7 from 181.3 last...
by garrygard | Oct 11, 2018 | Daily Insights, Uncategorized
Good Morning, Markets are mixed ahead of today’s USDA report. Trade is anticipating record corn and soybean yields that will increase stocks. Corn is down 1 and soybeans are up 2 as support levels are challenged in both commodities. Whether or not corn support levels...
by garrygard | Oct 10, 2018 | Daily Insights, Uncategorized
Good Morning, Corn saw some pre report positioning again yesterday and this morning as it closed down -.02 yesterday and is down 2 today. USDA progress report yesterday afternoon estimated corn harvested progress at 34% complete vs last week at 26%, compared to the...
