June 21, 2017 - Author: Ken Morrison
If Friday's cattle on feed report verifies the pre-report expectations it will reinforce the signals recently sent by cash and futures markets: Namely supply is now catching up and perhaps overwhelming demand for beef. Read More...

June 20, 2017 - Author: Ken Morrison
Reuters reported more health-conscience Chinese consumers are reducing pork and other fatty foods in their diet. Given China's the preeminent global pork consumer, the main driver in soy protein demand, this seems important. Read More...

June 19, 2017 - Author: Ken Morrison
The diverging paths of wholesale beef vs. cash and cattle-futures indicates an expectation boxed beef will soon begin its summer swoon. Read More...

June 17, 2017 - Author: Ken Morrison
A few markets are showing signs 'new money' inflows are being attracted by the recent volatility. Read More...

June 15, 2017 - Author: Ken Morrison
May's CPI was tame overall but within food, specifically meat, showed some interesting trends and divergences. Read More...

June 14, 2017 - Author: Ken Morrison
The market is wrestling with uncertain wheat production and near certain supply tightness in spring wheat. To add to the challenges, another year of sub-par protein in hard winter wheat will compound the supply issues. Read More...

June 13, 2017 - Author: Ken Morrison
A review of momentum indicates we may be seeing the early stages of a change of leadership. Markets that have been in downtrends are improving even as some of the positive trend markets are showing signs of deterioration. Read More...

June 12, 2017 - Author: Ken Morrison
Improved prospects for beneficial rain, especially in the parched Eastern Corn Belt, sent crop prices reeling today. But crop conditions after the close reinforce the importance forecasts meet the expectations. Spring Wheat, shockingly in decline week over week, indicate it may be getting too late to turn things around. Read More...

June 11, 2017 - Author: Ken Morrison
USDA's lack of adjustments to their forecasts signals the market to stay tuned for developing stories in the weeks ahead. The storyline is work in progress. Read More...

June 8, 2017 - Author: Ken Morrison
Today's focus looks at similar years of drought conditions in Spring Wheat country and their impact, if any, on final yields. Read More...

June 7, 2017 - Author: Ken Morrison
EIA's weekly oil and product inventory dealt an immediate blow to futures as the magnitude of the build was counter to seasonal trends and market expectations. Read More...

June 6, 2017 - Author: Ken Morrison
Crops are feeling some heat providing some angst to short-sellers who hold near-record risk positions. All this providing an interesting backdrop to Friday's update from USDA. Read More...

June 5, 2017 - Author: Ken Morrison
Today, week #2 for corn and spring wheat ratings, showed significant deterioration in spring wheat but in-line improvement for corn. It sets up possible adjustments for Friday's USDA forecast update. Read More...

May 30, 2017 - Author: Ken Morrison
This afternoon's first-of-the-season crop ratings for corn and spring wheat fell short of the market's expectations but reinforce anecdotal reports of challenging early conditions. Read More...

May 27, 2017 - Author: Ken Morrison
The fate of funds that hold record or near-record risk positions may rest on the events of the coming week when seasonal weakness in beef accelerates and the first-of-the-season crop condition ratings are issued for corn and soybeans. Read More...

May 25, 2017 - Author: Ken Morrison
Friday's Cattle on Feed report during the trading session and Tuesday's first-of-the season crop condition rating by USDA each have market-moving potential. Read More...

May 24, 2017 - Author: Ken Morrison
We take a look at momentum across a wide swath of markets identifying the positive, negative, and the in-between. Read More...

May 23, 2017 - Author: Ken Morrison
Picking up on U.S. proposals to expand the Conservation Reserve in the next Farm Bill, we look at possible unintended consequences of removing U.S. supply from the global market. Read More...

May 22, 2017 - Author: Ken Morrison
2008 and 2013 may provide useful perspective to measure the impact on crop conditions of the current saturated soil and cool temperatures. But they also remind us there's more to making or breaking yield potential than May and June weather. Read More...

May 20, 2017 - Author: Ken Morrison
Corn producer's attention is shifting from 'will the corn market ever rally' to 'will it ever stop raining'. Wet and cold are holding up crop progress and I expect the coming week the market will take notice. Read More...

May 18, 2017 - Author: Ken Morrison
Alleged corruption involving Brazil's President sparked a crisis of confidence in the Brazilian Real pushing domestic soybean prices higher to levels not seen in 2 months. Continued Real-weakness is likely to shift demand in Brazil's favor. Read More...

May 17, 2017 - Author: Ken Morrison
The fundamentals of global grain supply are forecast to improve by end-2018 according to USDA's latest forecast. It's not a cause to do hand-stands as a number of unknowns remain but the trend is encouraging. Read More...

May 16, 2017 - Author: Ken Morrison
We consider possible surprises that could shift the fundamental thinking about crops and crop prices. Read More...

May 15, 2017 - Author: Ken Morrison
Any concern of delayed crop planting may have been brushed aside by this afternoon's weekly update. Limited areas are still behind schedule but the current forecast should allow progress this week. Read More...

May 13, 2017 - Author: Ken Morrison
Most markets were marking time last week but there were a couple standout exceptions that deserve closer analysis. Read More...

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