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Missed a recent article by Jon Scheve?  Get it sent to you directly every week.  Send a request by email:  jon@superiorfeed.com Soybeans Basis Bean basis continues to be on fire.  My local processor increased their basis... (full story)

This week, 2020 earnings estimates (for the S&P 500) held pretty steady at $178.87, or 9.7% EPS growth for 2020. Stoxx 600 Estimates are comparable. (full story)

The annual MU Crop Management Conference is December 17 and 18 in Columbia. Tom Steever spoke to Greg Luce, Missouri Soybean Research Director, who says part of the conference will focus on 2019 flooding issues. To learn more, visit mosoy.org.... (full story)

I was asked to comment on Warren Buffett's purchase of 7.5M additional shares in OXY on Fox Business this Friday. Here's what I think... (full story)

Bitcoin (BTCUSD) spent this past week consolidating for a 3rd straight week the massive gains of Oct 25/26. Significantly, any multi-day bounce from current levels around prior descending wedge resistance (on the weekly chart) and descending triangle resistance (on the daily chart) will likely... (full story)

Ag Secretary Sonny Perdue says Market Facilitation Program payments are being fairly distributed. Perdue told farm broadcasters Friday that the process for determining MFP payment rates will not be changing and contrary to a recent report from the... (full story)

Across the Corn Belt, cold conditions persist, although dry weather generally favors fieldwork. However, local harvest complications include soggy soils, snow cover, and a high moisture content for crops remaining in the field. On November 10,... (full story)

A storm system will drift northward just east of the Atlantic Seaboard, reaching the Canadian Maritimes by next Tuesday. Although the storm will graze the Atlantic Coast States with heavy rain, greater concerns will include coastal winds of 60 mph or... (full story)

Although black gold futures moved higher after our Alert was posted, the bulls couldn't sustain their breakout above the upper border of the blue consolidation and the upper border of the orange gap. That's for the 9 th time and counting that they didn't manage to close... (full story)

USD/JPY has been steadily decreasing in recent days, as the bulls had trouble overcoming the orange resistance zone. The pair has ended its losing streak with today's rise, however. Does it mark the end of its decline, or is there more to come? (full story)

USDCHF with the pair continuing to retain its consolidation threats, directional move is now a challenge. (full story)

AgFax Weekend – Trade Aid Update | Corn Exports Recovery? | and more. (full story)

The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)

U.S. Secretary of Agriculture Sonny Perdue today announced the second tranche of 2019 Market Facilitation Program (MFP) payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation […] (full story)

While last rites for the Bear were performed last week the birth of a new bull is just that, a baby bull. One of you declared I was ridiculous for […] (full story)

Spot quotations averaged 27 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for the base quality of cotton (color 41, […] (full story)

  Market Watch with Alan Brugler November 15, 2019 Procrastination “Never put off until tomorrow what you can do the day after tomorrow.”   Mark Twain Those of you who have followed me for a while will recall the rule of thumb that markets... (full story)

Corn futures lost 4 cent to 4 1/2 cents on Friday. The Commitment of Traders Report from this afternoon showed that as of Tuesday, managed money was further net short for corn futures. They strengthened their short position by 5.8% wk/wk. Weekly expo... (full story)

Nearby bean futures finished on Friday with gains of 1 to 1 1/2 cents. Soybean meal closed Friday with $4.00/ton gain. Soybean oil lost 35 points on the day. The NOPA Oilseed Crush Report showed 175.397 mbu, which was above trader expectations of ~16... (full story)

Live cattle futures closed fairly firm on Friday, with 2 to 5 cent gains, and losses of 2 cents in front months. Feeder cattle futures were down by as much as 37 cents for the soon to expire Nov contract, the other nearbys saw gains of 15 to 22 cents... (full story)

Friday wheat futures finished Friday with losses, MPLS falling as much as 9 cents on the day. CFTC reported that managed money reversed their Chicago wheat position from a 654 contract short to a 391 contract long as of 11/12. Kansas City wheat futur... (full story)

Corn futures lost 4 cent to 4 1/2 cents on Friday. The Commitment of Traders Report from this afternoon showed that as of Tuesday, managed money was further net short for corn futures. They strengthened their short position by 5.8% wk/wk. Weekly expo... (full story)

Lean hog futures are down by as much as $1.37, with Dec futures posting a daily gain of 45 cents. Managed money open interest for lean hogs fell evenly on both sides, as the open interest was 3.21% lower, but the net long position shrank by 10 net co... (full story)

Nearby cotton futures finish higher on Friday with gains of 54 to 61 points. The CFTC reported spec funds in cotton futures and options were net short by 14,272 positions, which is 975 less short than the previous release. Cotton weekly export sales ... (full story)

Summary Much of the eastern half of the country saw widespread snow and rain combined with record-breaking cold during the Drought Monitor week ending Tuesday, November 12. The combination helped […] (full story)

CASH MARKET Thai rice prices are steady to lower. Thai rice exporters have thrown full support behind a ban on Paraquat, Glyphosate and Chlorpyrifos. They feel that global rice consumption […] (full story)

Puzzlement has surrounded prevent plant acres for corn in 2019.  Specifically, using November 1 data from USDA, FSA, how can corn have 11.4 million prevent plant acres when corn planted […] (full story)

The President of the National Corn Growers Association says time is wearing thin to get the USMCA ratified this year. Asking how progress on the agreement might fair once the election year begins, Kevin Ross tells Brownfield, “That is a... (full story)

The USDA Risk Management Agency (RMA) today announced it will continue to defer accrual of interest for 2019 crop year insurance premiums to help the wide swath of farmers and […] (full story)

The Barchart Chart of the Day belongs to the Retail REIT Kite Realty Group (KRG). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to... (full story)

About 500 people attended an LSU AgCenter meeting Nov. 13 to find out about the potential of growing industrial hemp as a cash crop. Experts advised that the commodity can […] (full story)

Chicago Mercantile Exchange live cattle futures were mostly modestly lower on spread adjustments, profit taking, and end of the week consolidation. December was up $.05 at $119.10 and February was $.05 higher at $124.97, after that, contracts were... (full story)

CORN HIGHLIGHTS: Corn futures finished the week on a sour note, losing 3 to 4-1/2 cents, as Dec led today’s drop, closing at 3.71-1/4, its lowest close since September 20. Prices broke below the low from earlier in the week and below last week’s ... (full story)

Peanut prices received by farmers for all farmer stock peanuts averaged 19.6 cents per pound for the week ending November 9, down 1.2 cents from the previous week. Marketings of […] (full story)

The U.S. average diesel fuel price rose by 1 cent to $3.07 per gallon on November 11, 24 cents lower than a year ago. The Rocky Mountain price increased by […] (full story)

Farm credit conditions in the Federal Reserve’s Tenth District continued to deteriorate steadily in the third quarter of 2019. Despite a slight increase in the price of some agricultural commodities […] (full story)

Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro Currency is BEARISH. (full story)

WASHINGTON, DC 15-NOV-2019 WA_FV101 ... (full story)

WASHINGTON, DC 15-NOV-2019 WA_FV102 ... (full story)

Based on 8 algo trading strategies and 4 indicator based algo strategies, the current position bias for S&P500 is BULLISH. (full story)

USDA is already giving out its Agricultural Projections forecast for 2020. Some analysts don’t exactly agree with the forecast. Tyne Morgan, host of U.S. Farm Report asked, “Do things look better next year?” ... (full story)

Class III milk futures at the Chicago Mercantile Exchange Friday were mostly higher. November was up $.06 at $20.25 and December was down $.14 at $18.56, while January was $.08 higher at $17.89 and February was up $.09 at $17.30. Cash cheese... (full story)

but the bear is starting to wake up (full story)

Dec. corn closed at $3.71 and 1/4, down 4 and 1/2 cents Jan. soybeans closed at $9.18 and 1/4, up 1 and 1/2 cents Dec. soybean meal closed at $307.10, up $4.00 Dec. soybean oil closed at 30.43, down 35 points Dec. wheat closed at $5.02 and 3/4, down... (full story)

Market recap november 11 to 15 (full story)

Trade continued with its pattern for mixed activity today, with grains under pressure and soybeans higher. Export sales data added to this divergence as numbers favored soybeans over the grains. Reports that progress was in fact being made on US/Chin... (full story)

Based on 9 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Crude Oil is NEUTRAL. (full story)

The grain markets ended the week on a negative note. December corn was down 6¢, January beans were down nearly 13¢ and December wheat was down nearly 8¢ for the week ending Nov. 15. The negative tone in the markets is due to a lack of movement... (full story)

Based on 8 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Gold is BEARISH. (full story)

Soybeans were modestly higher on short covering and technical buying, still ending the week lower. Weekly export numbers were good, with China the leading buyer ahead of unknown destinations, which might turn out to be China when it’s time for... (full story)

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