Posts Tagged ‘usda crop report’

USDA Reports Tight Supplies, Sending Grains Skyward

By Kristina Zurla Landgraf • Mar 31st, 2011 • Category: Broker Commentary, Market Updates

The release of the USDA’s Prospective Plantings Report sent grains skyward and intensified food inflation fears. Corn futures surged their 30-cent limit after the report, and cotton futures rose their limit of 7 cents. U.S. corn stockpiles were reported at 6.52 million bushels at the beginning of March, lower than anticipated. Soybean stockpiles stood at [...]


Corn Rally Might be Cut Short

By Kristina Zurla Landgraf • Sep 29th, 2009 • Category: Broker Commentary, Market Updates

Corn Rally Might be Cut Short by Dennis Cajigas The corn market has caught the attention of traders as we head into harvest, given late planting in some key growing areas and worries about the threat of frost. I see a divergence between what fundamentals dictate and the market’s recent price action, however, and feel [...]


Post-USDA Soybean Trend Shift

By Kristina Zurla Landgraf • Jan 14th, 2009 • Category: Broker Commentary, Trader Viewpoints

Sell Soybeans on Trend Shift By Dennis Cajigas and Daniel Faretta New Recommendations: Sell March soybeans at $9.90 a bushel or better; risk the trade to a close above $10.40. Look to take profits on a break to $8.56.