Recent content by pitgurufk

Coming back from the weekend markets have a calmer opening as compared with Friday’s explosion to the upside in beans. The explosion, as I put out on Twitter, was completely based on rumors of fresh Chinese demand for beans off the PNW. Though we have seen only partial confirmation this...

Coming back from the weekend I see negative macro factors adding momentum to bearish weekend weather. The trade is fading due to good weekend rains in MN, IA and throughout the Midwest and a lack of fresh demand from China or anyone else for that matter. Weak crude markets and a strong USD make...

Thursday saw another round of excited buying in corn and beans with wheat actually not losing ground. Old/New bean spreads exploded, corn spreads folded and front end meal spreads bent bearish. It was another messy session with a strong upside bias noted. The bean strength comes from Chinese...

On Friday traders saw a wild session. Old crop corn hit and closed limit higher in May alone. Old/new corn spreads blow up, and old/new bean spreads weakened on the rally. New crop beans gained on low acreage expectations, wheat gained on short covering and meal spreads spoke bearish. What a...

The Grains Review & Special Prospective Plantings Forecast Giveaway For the week of March 26, 2012 By Matthew Pierce Coming back from the weekend, bullish sentiment in beans remains the biggest story. Spreads continue to point higher with SN-X moving over 50-cents overnight. CN-Z...

Friday saw a very messy session with the WASDE report offering nothing bullish allowing the trade to open flat versus Thursday’s settle. Beans tried the downside briefly before news of Chinese buying corn hit the wires. This blew up all three markets even though the talk was completely...

On Friday markets saw a very messy trade. Early weakness in corn and wheat was erased as both followed beans to the upside. On the close, wheat popped to daily highs as positive floor momentum and strength in KC and Minny helped support the trade. This feels more like short covering (backed up...

Special Recap: An Excerpt from Matt's Premium Daily Wire from Friday featuring analysis of the USDA Numbers. The trade is digesting USDA numbers as they come out with the acreage released before the opening offering wheat a reason to move lower. 58 million acres will only add to burdensome...