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Markets Idle No More either

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  • fjlip
    Senior Member
    • Oct 2002
    • 9879
    #1

    Markets Idle No More either

    Soybeans up $0.45
    Corn up $0.15
    Canola up $10/ T
    MGE HRS up $0.10/ bu
    So much for a bearish report...
    Tags: None
    • Oliver88
      Senior Member
      • Dec 2012
      • 4688
      #2
      Lets hope there is a bull market this week.

      Would be nice to see $14 canola again along with
      a good fall 2013 price.

        Comment

        • Mufferaw
          Senior Member
          • Jan 2007
          • 169
          #3
          Even dead cat's bounce.

            Comment

            • charliep
              Senior Member
              • Oct 2000
              • 9002
              #4
              Any thoughts about the markets/charts?

              Wheat seems to be showing some bottoming action. Exports will start to pick in North America. US HRW crop will become more of a focus.

              Corn seems to be showing some strenghth based on extremely tight supplies at the end of the crop. More exports would be nice but US domestic demand is not being curtailed as much as expected.

              Oilseeds remain a tale of two products. Soybean oil chart is starting to look more interesting likely based on mid $90 per barrel crude oil prices. Soybeans and soybean meal remain weak with upcoming S. American harvest a damper. Canola signs around strong basis, tight crush crush margins and strong futures are showing respect for the tight S&D this summer. Inverse in futures? Does more need to be done? An interesting question.

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