Insights
ACI Market Update 6/12/2020
Jun 12, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Grains/Oilseeds A total snoozer of a USDA report where the WASDE showed very limited changes to balance sheets – they took down corn production in ND on old crop due to the fact some still have not been harvested and they modestly reduced ethanol grind. The resulting 20/21 carryout remains extremely large but that is nothing new and the market doesn’t seem… Read More
Market Udpate 6/5/2020
Jun 5, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Grains/Oilseeds It was an active week in the grain and oilseed complex with decent volatility and mostly firmer values. Soybeans saw a very constructive week with plenty of export flashes to China as well as a strong Brazilian Real. (4.97 at current compared to 5.33 last Friday and 5.88 on May 13th) Elevations are decent for the US exporter, should be interesting to see if we… Read More
Market Update 5/22/2020
May 22, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Grains/Oilseeds A fairly quiet week in Grains and Oilseeds with not too many features in the futures markets. Corn was essentially unchanged on the week (down a quarter-cent) and Soybeans were a penny weaker as the ebb and flow of good and bad news out of China put a lid on any performance in beans.… Read More
Market Update 5/15/2020
May 15, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Grains/Oilseeds Corn market finished lower on the week after the USDA increases 20/21 carryout. Although the report was bearish overall, a glimmer of hope was seen as they expect ethanol grind to be higher than private analysts’ estimates. Regionally, corn basis bids firms significantly as the country elevator and ethanol producer look to fill space with the anticipation… Read More
Market Update 5/8/2020
May 8, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Macro Equity markets were firmer on the week with the Standard & Poor’s 500 Index up over 3% to 2928. Overall optimism on the opening back up of states, and the market’s view that the Fed is actually going to have negative rates in Q4 of this year have pushed the concept of “there is… Read More
ACI Market Update 5/1/2020
May 1, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Macro It was a mixed performance from the macro environment with equities rallying Monday-Wednesday while taking a breather Thursday and Friday with today’s losses being the most significant. Currently, the Standard and Poor’s 500 Index is at 2822, a touch lower than the close last Friday at 2836. The market continues to fight between the accommodative Federal Reserve and the scary earnings that are… Read More
Market Update 4/24/2020
Apr 24, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Macro On the week equities have been down slightly with the Standard and Poor’s 500 Index down about 75 points. Overall, there hasn’t been any major news or breakthroughs with regards to the economy or COVID-19 on the week. It seemed like equities wanted to rally today after the House passed another aid package and now needs to go to the President for his… Read More
Market Update 4/17/2020
Apr 17, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Macro Equity markets continued their exceptional pace with the Standard & Poor’s 500 index up 350 points in the last two weeks on general optimism about a plan of attack on normalization of the economy, record government spending on a stimulus, and the Federal Reserve pushing their total position of support above 6 Trillion dollars. If there ever was an example where the power of positive thinking means something in the equity market… Read More
Market Update 4/3/2020
Apr 3, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Macro Equities continue to fall this week as U.S. jobless claims were double last week at 6.6 million due to the COVID-19 pandemic. Unprecedented numbers elsewhere with Canada reporting 2.1 million jobless claims (one-tenth of their workforce). Many analysts are now abandoning their ‘v-shaped’ recovery curve theory with a more difficult outlook for the coming months as the nationwide Social Distancing stays in… Read More
ACI Pre-Report Comments
Mar 30, 2020
Agronomy, Crop Management, Grain, Market Update, Soybean, Technology
Grains Tomorrow at 11 am the market will get both March 1 Grain Stocks numbers and Planting Intentions from the USDA. ACI is expecting around 94.5 million acres of corn plantings and 83.7 million acres of soybean plantings in the United States. Currently, average analyst expectations are 94.1 million acres for corn, 85.0 million acres of soybeans, and 45 million acres of all classes of wheat. Grain stocks are always more difficult to predict, currently, analyst projections are averaging 8.134 billion bushels of corn, 2.218 billion… Read More
