USDA SNOOZE: WHAT’S NEXT?
AUDIO COMMENTARY
USDA big nothing burger
US corn balance sheet unchanged
Yield. unchanged as expected
South America mainly unchanged
Russia crop -5 MMT to 83 MMT
Big bean sales for month of June, Brazil tax situation
This report did nothing. Big debate is now acres & future weather outlook
Late heat for late June & early July
Who should use courage calls now
For those that struggle to pull the trigger
June 30th report will define how important weather is
Fundamentals have changed, carryout for corn is not as huge. Which makes basis contracts not as bad of idea for July
If old crop beans take off, make sure you take advantage of basis with this inverse
When to be using puts & floors
Full USDA report recap
Listen to today’s audio below
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Check Out Past Updates
6/11/24
USDA TOMORROW
6/10/24
IS USDA OVERSTATING CROP CONDITIONS? DOES IT MATTER?
6/7/24
WEATHER & USDA NEXT WEEK
6/6/24
ARE GRAIN SPREADS TELLING US SOMETHING?
6/5/24
GRAINS NEARING BOTTOM? 7 DAYS OF RED
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6/4/24
HIGH CORN RATINGS, SCORCHING SUMMER, & RUSSIA CONCERNS
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6/3/24
5TH DAY OF THE SELL OFF. ARE YOU COMFORTABLE?
5/31/24
4 STRAIGHT DAYS OF LOSSES IN GRAINS
5/30/24
I DON’T THINK SEASONAL RALLY IS OVER. WHAT IS THE PLAN IF I’M WRONG?
5/29/24
PLANTING DELAY STORY VANISHES. BUT IS REAL STORY OVER?
5/28/24
GETTING COMFORTABLE WITH GRAIN MARKET VOLATILITY
5/24/24
WET SPRINGS DON’T CREATE RECORD YIELDS, DO THEY?
5/23/24
MANAGE RISK DESPITE STUPID PRICE POTENTIAL IN GRAINS
5/22/24
BEANS NEAR NEW HIGHS. WHAT TO DO WITH WHEAT?
5/21/24
BIG MONEY KEEPS DRIVING WHEAT HIGHER
Read More
5/20/24
ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES
5/17/24
WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP
5/16/24
SITUATIONAL GRAIN MARKETING
5/15/24
HEDGING VS GUESSING
5/14/24
CORRECTIONS ARE HEALTHY
5/13/24
FUNDS DON’T WANT TO BE SHORT GRAINS
5/10/24
PRICE ACTION TELLS DIFFERENT STORY FROM USDA REPORT
Read More
5/9/24
MARKET PRICING IN NEGATIVE REPORT. WHAT TO EXPECT FROM USDA
5/8/24
USDA IN 2 DAYS
5/7/24
WHO SHOULD WAIT FOR TRIGGERS NOT TARGETS
Read More
5/6/24
GRAINS HIGHEST IN 4 MONTHS
Read More
5/3/24
SEASONAL RALLY JUST BEGINNING OR BULL TRAP?
5/2/24
ARE THE TIDES STARTING TO TURN?
5/1/24
BE PATIENT & READY FOR THESE OPPORTUNITIES
4/30/24
FIRST NOTICE DAY SELL OFF
4/29/24
WHEAT TAKES A BREATHER
Read More
4/26/24
SHOULD YOU REWARD WHEAT RALLY?
4/25/24