Market Commentary
Trilateral Protein Heat Map – First Week of August
Look to buy beef tenderloins. Although they are higher y/y, the difference (3.47%) is not nearly as much as almost all the other beef items and they are entering a bottoming period on the seasonality chart.
December Corn Technical Outlook
Commodity Funds Establish Record Net Short in Minneapolis Wheat Futures
For HRS specifically, the USDA is projecting a 22% year-over-year increase in HRS ending stocks, the highest since 1987/88. That, coupled with relatively weak dependence for higher protein HRS wheat for blending purposed, bodes bearishly for HRS wheat. HRS demand is weakened, even with the drop in the average protein level in HRW wheat this year, by large stocks of high quality and high protein HRW in storage.
Trilateral Protein Heat Map
Live Cattle Technicals
June Cold Storage Recap
A Case For A Developing Bullish Edible Oil Market
Trilateral Protein Heat Map – 7/17/2019
Time To Buy Soybeans
Although improved weather forecasts and poor demand from a slowing Chinese economy that is in a trade war have soybean prices retreating, now is the time to buy. A summary of today’s fundamental information is at the end of this post.