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 :

  • Several new recommendations this week. Please click on the View Performance Charts button below to review them.
  • USDA U.S. corn and soybean acreage report was bullish and Futures rallied allowing U.S. farmer selling.
  • Managed funds covered some of their record short corn futures.
  • They increase soybeans long and short wheat.
  • Today’s price action suggest corn futures is up against resistance.
  • Soybean future also suggesting a short-term top.
  • Two week U.S. Midwest weather forecast is above normal temps and below normal rains.
  • 40 percent of central Midwest could miss rains over next 2 weeks.
  • China flooding rains could drop their corn, soybean and rice supplies.
  • September soybean futures are near $8.98 with a large unknown in the amount of U.S. soybeans China buys.
  • September corn futures are near $3.46 with bearish fundamentals. Key is U.S. summer weather.
  • KC, Minn and Chicago wheat futures continue to trade near season lows. Sep Chicago wheat is near $4.93.
  • North Midwest farmers have sold 75 percent old crop soybeans and 10 percent 2020 new crop.
  • North Midwest farmers have sold 65 percent old crop corn and less than 5 percent 2020 new crop.
  • South Plains wheat farmer selling new crop. Summer crops under stress due to hot/dry weather.
  • Increase cases of virus in U.S./Europe/South America could slow raw material demand.

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

Go

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.