We are seeing continued strength across the grain/oilseed sector with soybeans leading the way, crossing and staying above the14 mark. All the primary sectors here trading well above the 200 day moving average, and with supply concerns mounting, the market seems to be locked in this bullish channel, which is likely to remain in place [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Tight stocks in the US cotton market coupled with a heightened awareness of potential weather risks due to La Nina at the start of 2011 signal incereased volatility for traders and manufacturers in the months ahead. We talked about some of the effects on commercial agriculture stemming from [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The Agricultural Outlook Americas conference was held in Boston this week. This year’s event brought together a mix of growers, investors and technologists, with discussions ranging from new investments on the farm to currency hedges. The three day event contained too many interesting discussion [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Corn futures are trading at a 2 year high with analysts becoming more concerned about tight carryover stocks into 2011. While harvest progress this season has been favorable, mid crop weather conditions limited crop development, which was underscored by USDA’s significant revision (4% downward) on the crop size [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Readers of our weekly reports know that, while Weather Trends has been expecting good numbers for US corn production in 2010, our view has not been as optimistic as USDA or most of the other analysts that we follow. The long range forecast that we developed for the [...]
Spot raw sugar futures are currently trading above 21 cents/#; these are the highest trading levels for the sweetener since March. The weather conditions in northern India are starting to improve, although the seasonal rainfall totals in Uttar Pradesh are still well behind what is needed, and [...]
