Grains 02 (Jan 14 - Dec 24)

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Tue Apr 25, 2017 8:56 pm

Chart of the day: Corn set to pop

by Nicole Elliott

Though Dalian corn futures volumes have picked up since mid-March price action has been slow indeed, keeping historical volatility low while forming a rounded bottom chart pattern.

This hints that prices have found a new interim low and are set to pick up a little further.

Momentum is bullish, as is the MACD histogram, plus the rolling front month contract is not overbought and therefore ought to be able to break above first Fibonacci retracement resistance at 1,672 yuan per tonne.

This should then lead to a sudden burst up to the 50 per cent retracement level at 1,750-1,760 where some hesitation is likely.

Later this summer we favour yet another notch up to second Fibonacci retracement resistance at 1,846.

Source: SCMP

http://www.scmp.com/business/commoditie ... rn-set-pop
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Mon Jun 19, 2017 7:51 am

China said to be considering record US soybean purchase

The US Soybean Export Council says the Chinese Ministry of Commerce may make a commitment to buy a record volume of American soybeans when its officials are in Iowa next month.

Ministry members, a delegation from which is due to sign an accord in Des Moines on July 13, have discussed the possibility with the council's top representative in China, said spokeswoman Lisa Humphreys of the Chesterfield, Missouri-based organization.

A record commitment would exceed the 13.4 million tonnes China agreed to buy in February 2012, also at a ceremony in Des Moines.

Such a deal this time around would show continued strength in US soybean sales at a time when China's appetite for the oilseed is showing signs of waning.

Chinese imports may decline to about seven million tonnes in August and six million tonnes in September, from more than nine million tonnes in both June and July, according to Yang Linqin, an analyst at COFCO Futures.

China snaps up roughly one-quarter of the US soybean crop, and is the biggest buyer of American farm goods overall, with US$22.3 billion (HK$173.9 billion) in purchases projected in the year ending September 30, the US Department of Agriculture has said.

Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Tue Jul 11, 2017 9:04 pm

not vested

July 9, 2017

U.S. soybeans bounce off 1-week low on U.S. weather concerns

Investing.com - U.S. soybean futures rose for the second consecutive session on Thursday to move further away from a more than one-week low hit in the previous session as cool and wet weather conditions renewed concerns over crop prospects in the U.S. Midwest.

On the Chicago Mercantile Exchange, US soybeans for August delivery jumped 14.35 cents, or 1.44%, to trade at $10.1175 a bushel during U.S. morning hours.

Excessive rain across the U.S. Midwest is forecast to damage crop conditions and dampen the quality of the harvest.

A day earlier, prices of the oilseed fell to $9.8720, the weakest level since June 30, before recovering to close at $9.9660, up 4.6 cents, or 0.48%.

According to the U.S. Department of Agriculture, nearly 63% of the soybean crop was in good to excellent condition as of July 5, above market expectations.

Soybean emergence was 93% complete, improving from 89% a week earlier, while 21% of the crop bloomed, up from 8% in the preceding week.

Source: Investing.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Fri Jul 14, 2017 6:46 am

Chinese importers sign deal to buy 12.53 mln tonnes of US soybeans

China is world’s biggest buyer of soybeans used mainly in feed industry and the deal is second largest between the two countries

The non-binding deal was signed at a ceremony in Des Moines, Iowa.


The US Agriculture Department expects China to import 93 million tonnes of soybeans in the 2017/18 marketing year, up from 89 million in 2016/17.

Total US soybean exports are pegged at 58.51 million tonnes, up from 55.79 million tonnes a year earlier.


Source: SCMP

http://www.scmp.com/business/global-eco ... s-soybeans
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Sun Jul 16, 2017 8:15 am

Drought in High Plains the worst some farmers have ever seen

Source: Market Beat

https://www.marketbeat.com/articles/dro ... 017-07-15/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Tue Jul 18, 2017 10:15 pm

vested JJG

Grains Take Off

Jul. 5, 2017

by Andrew Hecht

Summary
Drought during the 2017 growing season.
Wheat- The leader of the agricultural pack.
Corn- Less planted and the new crop price over $4 per bushel.
Soybeans- $10 target.
All grains are marching higher, but caution is necessary.

Source: Seeking Alpha

https://seekingalpha.com/article/4085632-grains-take
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Mon Jul 31, 2017 2:01 pm

The Great Corn Clash Is Coming as U.S., Brazil Farmers Face Off

by Tatiana Freitas, Megan Durisin

Brazilian farmers are in the midst of collecting their biggest corn harvest ever and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.


Crop supplies have gotten so big that farmers are already short on storage after collecting a massive soybean harvest just a few months earlier.


Brazil’s corn production in the 2016-17 season is forecast to surge 45 percent from a year ago to a record 97 million metric tons, according to the U.S. Department of Agriculture.

The agency estimates that the 2016 U.S. harvest reached an all-time high and that the crop gathered this fall will be the second-bigger ever.


Sales are also on the rise from Argentina, which reaped a record harvest this season.


Brazil’s shipments normally climb at this time of year, the heart of the country’s winter harvest, and its expected exports are the highest ever, according to vessel line-up figures through 2013. U.S. growers will collect their next crop between September and November.


The South American country’s success in stealing market share partly depends on moves for the Brazilian real and how many farmers are willing to sell crops at low local prices.


Source: Bloomberg

https://finance.yahoo.com/news/great-co ... 00074.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Wed Mar 07, 2018 8:30 am

Chart of the day: Building to a soybean burst

by Nicole Elliott

Scorching temperatures and a drought in Argentina have seriously affected this season’s soy crop.

Though on the other side of the world, it has started to affect the price of soybean meal on the Dalian Commodity Exchange.

The recent rally, while not on the scale of the sharp gyrations of 2016, has seen the highest weekly close in a year.

A golden cross (the 50-day moving average crossing above the 200-day one) happened in November and this has acted as support to prices for a good six months.

Though overbought on the RSI, we feel bullish momentum is building and should trigger a burst higher this month, targeting the area around 3,400 yuan (US$536) to 3,600 yuan per tonne.

Source: SCMP

http://www.scmp.com/business/commoditie ... bean-burst
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Wed May 23, 2018 11:33 am

The problem with ethanol

Government ethanol mandates and subsidies are great for some people, but for most Americans? Not so much.

By Paul Driessen

Source: Foundation for Economic Freedom

http://thecrux.com/the-problems-with-ethanol/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Grains 02 (Jan 14 - Dec 18)

Postby winston » Tue Aug 14, 2018 8:44 pm

Brazil's farmers dump sugar for soy as trade war boosts Chinese demand

by Marcelo Teixeira

The nation’s soy plantings have expanded by 2 million hectares in two years - an area the size of New Jersey - while land used for cane shrank by nearly 400,000 hectares.

The Asian nation paid $20.3 billion last year for 53.8 million tonnes of soybeans from Brazil, nearly half its output — and up from 22.8 million tonnes in 2012.

Brazilian soybean exports to China rose to nearly 36 million tonnes in the first half of 2018, up 6 percent from a year ago. In July, they surged 46 percent from the same month a year earlier to 10.2 million tonnes.

About 60 cane mills have closed in the past five years in Brazil’s center-south cane region. About 270 that remain open must fight harder than ever to secure cane supplies.


Source: Reuters

https://www.reuters.com/article/us-braz ... SKBN1KZ0B5
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Commodities

Who is online

Users browsing this forum: No registered users and 5 guests