Corn, Soybean Futures Savaged After USDA Raises Yield and Production

Viewing 13 posts - 1 through 13 (of 13 total)
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  • 12 Sep '17 at 4:47 pm #11670
    KnovaWave
    Participant

    [article]189[/article]

    13 Sep '17 at 2:42 am #11683
    Truman
    Participant

    Traders took the options – surely it can’t back up August numbers – yes sir and then some!

    13 Sep '17 at 5:54 am #11687
    Truman
    Participant

    oh – loved the Trading Places pic – sell Mortimer sell 🙂

    13 Sep '17 at 6:27 pm #11696
    TradersCom
    Keymaster

    Ag Futures can be some of the most lethal when you are wrong but as you point out it had already failed at resistance so the risk was greater down

    13 Sep '17 at 9:43 pm #11699
    CautiousInvestor
    Keymaster

    Florida & Texas are also major AGRICULTURE states — as well as oil/vacation-land…. the recent storms have bound to impacted orange crop, fall/winter plantings, BEEF, etc …. while human side is most important — these are indeed additional concerns

    13 Sep '17 at 10:45 pm #11706
    Helmholtz Watson
    Participant

    [quote=”CautiousInvestor” post=1433]Florida & Texas are also major AGRICULTURE states — as well as oil/vacation-land…. the recent storms have bound to impacted orange crop, fall/winter plantings, BEEF, etc …. while human side is most important — these are indeed additional concerns[/quote]

    Yes but looking at these crop reports the USDA has not taken potential hurricane damage into account – am I missing something?

    14 Sep '17 at 7:50 pm #11732
    ThePitBoss
    Participant

    Beans bigger picture via @naomiblohm

    14 Sep '17 at 7:53 pm #11733
    ThePitBoss
    Participant

    remember though 14% of Beans affected by drought

    14 Sep '17 at 7:54 pm #11734
    ThePitBoss
    Participant

    12% of corn affected by drought

    14 Sep '17 at 8:01 pm #11735
    ThePitBoss
    Participant

    Beans coming back after dump with Nov soybeans again approach 200 day MA which hasn’t been able to close above 50 day MA since early Aug. Soybean seasonal below as well charts via Blue Reef Ag @bluereefAG

    14 Sep '17 at 10:05 pm #11736
    Helmholtz Watson
    Participant

    Droughts maps very helpful cheers – through the hurricanes in and the market wary of revisions in those record numbers

    18 Sep '17 at 8:02 pm #11810
    ThePitBoss
    Participant

    December Soybean meal futures trading higher to 5 week high +410 points to 315.5 a ton

    18 Sep '17 at 8:03 pm #11811
    ThePitBoss
    Participant

    EW outlook

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