Chris Robinson
Opportunity Knocks with Next Week’s USDA on the 9th
Corn: December corn settled up ½ cent at $3.89 ¼ which is the highest settlement in 3 weeks. For the week, CZ gained just ¼ cent. One should note, however on the longer term weekly charts, this was the highest settlement in 2 months. Looking at the big picture, CZ has resistance at $3, 94 ½ which, coincidentally was Wednesday’s high. The next major high is just ½ cent above at 3.95 posted on September 15th which is a 2-month high. Conclusion? Someone somewhere is looking at that level, which happens to be the 38% retracement of the overall swoon from the July high tick […]
Opportunity Knocks with Next Week's USDA on the 9th
Corn: December corn settled up ½ cent at $3.89 ¼ which is the highest settlement in 3 weeks. For the week, CZ gained just ¼ cent. One should note, however on the longer term weekly charts, this was the highest settlement in 2 months. Looking at the big picture, CZ has resistance at $3, 94 ½ which, coincidentally was Wednesday’s high. The next major high is just ½ cent above at 3.95 posted on September 15th which is a 2-month high. Conclusion? Someone somewhere is looking at that level, which happens to be the 38% retracement of the overall swoon from the July high tick […]
Grains rally into tomorrow’s Small Grains Report
Grains rally into tomorrow's Small Grains Report
One month high settlement for SX &. WZ
September 25, 2015 Written by Chris Robinson Corn: December Corn settled up 7 ½ cents at $3.89. CZ traded sideways to higher in quiet overnight trade, but then caught a bid on the 8:30 AM re-open and grinded higher all day. For the week, CZ gained 11 ¾ cents. The old analogy, “never sell a quiet market” seemed to apply today. Yield reports continue to be 30 to 50 bushels less than 2014 on average in IL. As we head into a perfect weekend for harvest, we should get more reports from the WCB. A lot of folks can’t wait to see if the yields […]
One month high settlement for SX &. WZ
September 25, 2015 Written by Chris Robinson Corn: December Corn settled up 7 ½ cents at $3.89. CZ traded sideways to higher in quiet overnight trade, but then caught a bid on the 8:30 AM re-open and grinded higher all day. For the week, CZ gained 11 ¾ cents. The old analogy, “never sell a quiet market” seemed to apply today. Yield reports continue to be 30 to 50 bushels less than 2014 on average in IL. As we head into a perfect weekend for harvest, we should get more reports from the WCB. A lot of folks can’t wait to see if the yields […]
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Corn /Wheat/Beans post FSA and Pre Fed Announcement
2015 Written By Chris Robinson Corn: CZ settled down 4-1/2 cents at $3.86. The FSA delivered drama this morning with its first release at 3:50 AM initially setting off a quick 6 cent sell off. At 7:30 AM, the FSA announced it would re-release the info at 9AM. Around 9:30 AM the market finally received the “corrected” numbers. Prevent -plant acres for corn increased to 2.35M from 2.3M. Analysts had predicted the heavy rains in the eastern Midwest this spring created a decline in acres. Much bull had thought the acres lost to prevent would have been higher than was reported. CZ posted its day-session […]