Agri Blog

AM AG Update: June 18th, 2024

– Agricultural commodities:
– 3-4 cent gains overnight in both corn and soybeans
– 93% planting progress for corn and soybeans
– 49% winter wheat conditions rated good to excellent (up 2%)
– 76% spring wheat conditions rated good to excellent (up 4%)
– 1 million metric tons decrease in China’s May imports of soybeans (down 37% year-over-year)


– Energy markets:
– 2.3 million barrel expected decrease in US crude oil inventories
– 1.5 million barrel expected increase in US gasoline stocks
– 3-10 BCF expected net injection to US natural gas inventories


– Cattle and hog markets:
– 119,000 head of cattle slaughtered yesterday (down 2,000 from previous week)
– 98.3-100 range for June 1 cattle on feed (average estimate 99)
– 95-102 range for May cattle placements (average estimate 98.5)
– <59,000 head hog slaughter expected
– $91.44 CME hog index price
– $95.37 July hog futures closing price yesterday

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. Market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any tim

RECENT POSTS

COT Data and Managed money Movement

Author: Nathan Harris, Ag Optimus COT data below highlights managed money movement in the week ending Tuesday, Oct 29th.  Tuesday, Oct 29 Publication Source: ADMIS Funds have covered nearly all of their net short corn position (short only 17k). MM$ holds a net short...

Factors That Drive Corn Futures Prices

Corn futures are vital to the agricultural commodities market, offering farmers, traders, and investors opportunities to hedge risks and speculate on price movements. Understanding the factors influencing corn prices is crucial for anyone involved in this market....

How to Trade Corn Futures: A Comprehensive Guide

Corn futures trading offers investors and agricultural producers a way toparticipate in one of the world's most important commodity markets. Thisexpanded guide will provide you with essential information on corn futurestrading, helping you make informed decisions....

Morning Ag Update 9/30/2024

Grains:Corn:- Managed money traders reduced their net short position in corn by 47,000 contracts, now short 131,000. Soybeans:- Managed money traders are still short 75,000 soybean contracts.- Managed money traders bought back 32,000 soybean oil contracts, now short...

Ag Morning Update Sep 26 2024

Corn:- Corn production forecast: 1.846 billion bushels (up 34 million from September) Wheat:- Wheat production forecast: 1.959 billion bushels (lowest estimate)- Winter wheat production forecast: 1.360 million bushels- Spring wheat production forecast: 535 million...