Skip to main content

Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items :

  • MS has no new cash recommendations.
  • U.S. stocks, U.S. dollar, crude oil and gold futures trading higher.
  • Managed funds added to their net short corn futures but reduced soybean longs.
  • The U.S. 2 week Midwest weather forecast is normal temps and normal rains.
  • USDA next report is August 12. This is the first official summer crops estimate based only on farmer surveys.
  • Trade now estimating U.S. 2020 corn yield near 182.0 and soybean yield near 52.0.
  • U.S. farmer remains reluctant seller of especially new crop corn which is firming cash basis in areas.
  • September soybean futures are near $8.70. China buying U.S. soybeans is supportive but the big U.S. and Brazil crop is negative.
  • September corn futures are near $3.11. Fundamentals are bearish but the key to market direction is if the U.S. farmers have enough storage.
  • September Chicago wheat is near $4.91. Talk of higher Russia, Australia and Canada crops offer resistance.
  • Q4 demand for U.S. corn and soybean exports is improving.

Contact Your ADM Grain Representative

From early crop-year planning, ‘til your money’s in the bank, we pledge to be the best grain marketing strategists you can find. Ask for ideas anytime.

Enter your ZIP code


Find Your ADM Fertilizer Representative

We’re specialists in driving down nutrient costs through forward pricing and direct purchasing. Let us help you build better margins into your bottom line.