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The GBPAUD edged 50 pips higher yesterday, continuing the upchannel (on the 4h chart). Significantly, the GBPAUD has just retested the 2019 high Tuesday, and after another day or so of healthy consolidation, could attempt to form a new 2019 high. (full story)

The Rally in 10 Year Notes (ZN_F) from Nov 8 low is unfolding as an impulse suggesting further upside is likely. This article looks at the Elliott Wave path. (full story)

This trade has hypothetically profited in 14 of the last 15 years (full story)

The soy under pressure again. The follow through seems slow but steady. The performer remains soy oil again. The oil share showing steady gains, but still off from the targets I perceive as possible. (full story)

Due to lower corn and soybean yields, 2019 net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels. The low yields […] (full story)

The U.S. average diesel fuel price rose by less than 1 cent to remain at $3.07 per gallon on November 18, 21 cents lower than a year ago. The Rocky […] (full story)

Market Snapshot - Wednesday 11.20.19 (full story)

Pecan quality and quantities are exceeding early expectations, according to a Texas A&M AgriLife Extension Service expert. Larry Stein, Ph.D., AgriLife Extension horticulturist, Uvalde, said the early pecan crop estimate was for […] (full story)

The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)

Wheat futures finished Wednesday’s session mixed. Chicago was higher on the day gaining 2 to 3 1/2 cents in nearby contracts. Kansas city wheat futures were also higher at the closing bell, with gains of 1/4 to 1 1/4 cents for nearby contracts. MPL... (full story)

Wednesday hog futures are down again, falling another triple digits after a short-lived recovery effort on Tuesday. The cash market is going the other way. The 11/18 CME Lean Hog Index recovered 5 cents to $59.29. Wednesday’s pork carcass cutout v... (full story)

Cotton futures fell sharply since being higher by 32 to 43 points at midday. Futures finished the day with triple digit decreases which pushed them to the lowest price in over a month. 3,520 bales sold on the online trading platform The Seam, brings ... (full story)

Corn Futures fell to a two-month low after Wednesday’s round of trading, dropping by as much as 3 3/4 cents in the front months. The CN rail strike contributes uncertainty about grain movement in parts of the upper Midwest. South Korea purchased 65... (full story)

Corn Futures fell to a two-month low after Wednesday’s round of trading, dropping by as much as 3 3/4 cents in the front months. The CN rail strike contributes uncertainty about grain movement in parts of the upper Midwest. South Korea purchased 65... (full story)

Soybean futures fell to as much as 6 1/2 points lower after being fractionally mixed during midday trading. Soybean meal was down $2.20/ton. Bean oil was up by 24 points. Traders are expecting 0.8 -1.4 MMT of soybean export sales in tomorrow’s r... (full story)

Live cattle futures gains tailed off throughout contracts for Wednesday’s close. Gains were seen from 7 to 52 cents in the front months. Feeder cattle futures were mixed after Wednesday’s round of trading, with the soon to expire Nov contracts re... (full story)

The Livestock Marketing Association (LMA), based in Kansas City, says it will be a “huge net benefit” to have USDA researchers located in the same city. Chelsea Good, vice president of government and industry says LMA chose to locate in Kansas City... (full story)

At the Chicago Mercantile Exchange, live cattle ended the day mixed on position squaring ahead of Friday’s Cattle on Feed report.  Feeder cattle were mostly lower on technical selling.  December live cattle closed $.52 higher at $119.30... (full story)

The American Farm Bureau and National Farmers Union are pushing Congress to get USMCA across the finish line. Scott Vanderwall, Vice President of Farm Bureau, tells Brownfield they’re putting on a “full court press”, asking President Trump to... (full story)

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The head of USDA’s National Agricultural Statistics Service Crops Branch says agency data was accurate despite rain-delayed planting that resulted in a 14-state re-survey last July. Lance Honig tells Brownfield there’s excessive rainfall and... (full story)

Nearly 30% of respondents in a recent PORK poll say they’ve tried plant-based meat alternatives and 16% say they like them. During a recent Uber ride on my way to the Pig Welfare Symposium, I had a great conversation with my Minnesota-born driver... (full story)

CORN HIGHLIGHTS: Corn futures fell back under selling pressure after Tuesday’s gains as contracts were 1 to 3 cents lower in Wednesday’s trade. Front-month Dec corn was down 3-1/4 to 3.66-3/4, while Mar was down 3-1/2 to 3.77-1/4. Corn futures co... (full story)

A Minnesota farmer lobbying for renewable fuels paints a bleak picture for biodiesel.  Ron Obermoller of Brewster in southwest Minnesota is representing the Minnesota Soybean Research and Promotion Council in Washington D.C. this week.  He says... (full story)

The Federal Energy Regulatory Commission (FERC) says it is initiating a process to address the liquid propane supply problems impacting the Midwest. The commission says it will use an “alternative dispute resolution (ADR) process” to... (full story)

Corn Searching For Bottom (full story)

In this week's episode we go over the recent developments in the US-China trade negotiations and how it is effecting equities, grains, oilseeds, and livestock.  We also talk about sugar at the end and why we like it from the long side in 2020.  Make sure you take a listen to this week's... (full story)

Mind the Gap (full story)

2019 continues to be a challenging year for farmers across the US as they face low commodity prices, bad weather, and trade disputes. USDA Chief Economist Rob Johansson says more challenges are ahead for farmers, but better-than-expected corn... (full story)

Trading Around Economic Reports & Levels 11.21.2019 (full story)

Dec. corn closed at $3.66 and 3/4, down 3 and 1/4 cents Jan. soybeans closed at $9.05, down 6 and 1/2 cents Dec. soybean meal closed at $302.00, up 80 cents Dec. soybean oil closed at 30.96, up 32 points Dec. wheat closed at $5.12, up 4 and 3/4 cents... (full story)

Soybeans were lower on fund and technical selling, unable to hold on to early modest gains. The big question continues to be when will phase one of the trade deal with China be signed. It has been another week of mixed rhetoric, with President Trump... (full story)

Deliveries by growers to delivery points of Improved varieties were very light. Demand was fairly good for good quality pecans. Pawnee are currently being harvested, as well as Natives. Harvesting […] (full story)

Pecan harvest remains slow, but is expected to increase after a potential mid-week freeze as well as the upcoming holiday season. Deliveries by growers to buying points are light. Demand […] (full story)

Weather for this week has lows in the 40s-50s and daytime highs in the 60s-70s with a chance of rain on Friday, November 22, 2019. Prices paid to growers (late […] (full story)

The weather for this upcoming week shows mild temperatures with evening lows mostly in the low 40s and daytime highs running in the high 60s to low 70s. The north […] (full story)

Nathan Kauffman, economist with the Kansas City Federal Reserve For many farmers, the last five years have been breakeven at best. So what if the ag economy continues to struggle for another five years? Kansas City Federal Reserve economist... (full story)

Milk futures on the Chicago Mercantile Exchange continued higher at midweek as strong global trade continues to carry markets. November Class III milk up two cents at $20.34.  December up a nickel at $18.44.  January three cents higher... (full story)

As a professed optimist, I’m a little concerned with the lack of market enthusiasm, considering some recent positive news. First, there was the November crop report where world production was […] (full story)

The USDA’s weekly crop progress reports will continue until harvest activity wraps up. Currently scheduled to end November 25th, the National Agricultural Statistics Service this week says the department will be evaluating weekly progress to... (full story)

WASHINGTON, DC 20-NOV-2019 WA_FV101 ... (full story)

WASHINGTON, DC 20-NOV-2019 WA_FV102 ... (full story)

A dairy economist says while October milk cow numbers did creep up some, he doesn’t expect much of an increase in milk production over the winter. University of Wisconsin’s Mark Stephenson says a recent survey of extension specialists in his... (full story)

Senate Ag Committee Democrats continue to criticize USDA’s Market Facilitation Program. Minnesota Senator Tina Smith tells Brownfield she’s concerned about how much aid is going to states in the south. “For example cotton, which... (full story)

Emergencies are serious, unexpected and often dangerous situations requiring immediate action. So how can you prepare for an unplanned event?  From welfare implications to financial needs and from employee care to finding available resources,... (full story)

The Barchart Chart of the Day belongs to the cancer drug company Karyopharm Therapeutics (KPTI). I found the stock by sorting Barchart's Top 100 Stocks list first by the most frequent number of new highs in the last month, then used the Flipchar... (full story)

Are you ready for a foreign animal disease (FAD) outbreak? During the Pig Welfare Symposium in Minneapolis, Minn., a group of pork industry leaders ranging from pig farmers to animal welfare experts gathered to experience a tabletop exercise led by... (full story)

Randy Dickhut with Farmers National Company A farm real estate specialist says there could be a slight increase in the amount of farmland coming onto the market in 2020.  But Randy Dickhut with Farmers National Company says as long as the... (full story)

Even ignoring the impact of the current trade dispute with China, we are now in the 7th year of generally declining crop prices. In addition, significant trade adjustment payments and […] (full story)

A farmer in southeast Minnesota calls 2019 one tough year. Mike Steinfeldt of Winona tells Brownfield the growing season started off cold and wet. “The corn came up slow, we had some emergence issues. And this fall was wet also.” ... (full story)

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