Monthly Archives: March 2016

The Overnight Trade Has Been Mixed

Good morning. The overnight trade has been mixed but has turned lower during the past hour. The Dollar is firmer this morning with crude oil again weaker. The Argentine Ag Ministry estimated Argentina’s  soybean crop at 60.9 MMT’s vs. the last USDA projection of 58.5. The corn crop was estimated at a record 37.0 MMT’s (USDA est. of 27.0). Chinese markets were lower today as were Malaysian palm oil futures. Two more storm systems will affect the Northern and Central

Grains Are Higher This Morning

Good morning. Happy St Pats Day! Commodities in general and grains in particular are higher this morning with support coming from the Fed’s meeting yesterday that ended with comments that interest rates are likely to rise at a slower pace than earlier projected. Lower interest rates are bearish to the Dollar. Crude oil and metals are higher this morning.. Traditional commodity funds are now estimated to be short 220,000 corn contracts, 94,000 wheat, and 37,500 soybeans. Informa will release its