Written by Chris Robinson 4/16/17 Corn: May corn settled up ¼ cent at $3.76 ¼. New Crop CZ15 settled down ¼ cent at $4.00 ¼. Corn continued to have quiet overnight trade which extended into the day session as we meandered through a 4 cent trading range. Exports remain a non-factor. Planters are rolling in the WCB and some think that central Illinois might be 50% planted by weeks end. Ground temperatures are reported to be perfect for germination and we should see normal emergence based on these temperatures. News out of South America was bearish, as Argentina’s Rosario Exchange bumped up their corn production […]
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Don't Let Corn and Beans Put you to Sleep—- YET
Written by Chris Robinson 4/16/17 Corn: May corn settled up ¼ cent at $3.76 ¼. New Crop CZ15 settled down ¼ cent at $4.00 ¼. Corn continued to have quiet overnight trade which extended into the day session as we meandered through a 4 cent trading range. Exports remain a non-factor. Planters are rolling in the WCB and some think that central Illinois might be 50% planted by weeks end. Ground temperatures are reported to be perfect for germination and we should see normal emergence based on these temperatures. News out of South America was bearish, as Argentina’s Rosario Exchange bumped up their corn production […]
Wheat and Taxes
Wheat and Taxes – Traders Exclusive – Market news and trading education with trading videos on stocks, options and forex from the exchange floor of the CME Group via articles on trading.
Weather issues could affect prices
As farmers begin to scratch in the dirt with the planting itch, there were no major surprises in the corn and soybean supply and demand balance sheets released recently by the U.S. Department of Agriculture.
USDA Crop Production and WASDE Reports
Jack Scoville (PRICE Futures Group) and Chris Robinson (Top Third Ag Marketing) discuss the April 9 USDA Crop Production and WASDE reports, with a focus on sustained low prices. Moderated by Chris Grams of CME Group.
Ask the Experts – April 9 USDA Crop Production and WASDE Reports
Weather Bulls Awaken in the Wheat
April 2, 2015 Written By Chris Robinson Corn: May corn settled up 5 cents at $3.87 ¼. New Crop December corn settled up 4 ¼ cents at $4.11. For the week May corn lost 4 cents, while December lost 3 cents. Corn returned to the middle of its 3-month, 25 cent trading range today. Tuesday punished the bulls and rewarded the bear. 48 hours later, the tables are turned. This truly looks like a market searching for direction. For now, that direction will be directly tied to the weather. Dryness in the plains threatening the wheat crop spilled over into the corn today. For all […]
500 Point Trading Range is an Average Week in the Dow
Just taking the first 12 weeks of 2015, the average weekly trading range for the Dow has been 500 points. The biggest range came on the first week of February, sparked by the January Unemployment number. That week DJM had a 920 point trading range. This current week has had the second widest trading range of 661 points… So FAR. I say so far because Friday we have a half day/ Good Friday. The Dept of Labor will release the March Unemployment figures. The bond futures market has the 10 year future at its 2 -1/2 month high. The market’s yield curve continues to be […]
Is there a Break Out Finally Coming for the Stock Indexes?
< Another 200 point trading range today as we ready for Friday's Unemployment Report. Bonds Currencies Equities are all open. The metals and oil will be closed. The grains will be closed. Will we break out finally above 18000? Or below 17000? Don't think a 1000 point move on a Good Friday abbreviated market session is possible? Remember, 900 points is 5%. The only folks who continue to be blind to the percentages are TV and Radio News persons. Friday's unemployment figure might be a catalyst for the Fed to actually move instead of shadow boxing with Congress and Media pundits.