9/2/10I have a Special Pre-Report Update on my Daily Email today--call me at 866 471-2588, or email me at globalcomm2@comcast, or send me a note on my website--in order to receive this free newsletter. You don't want to miss it!MY WEBSITE:  www.GLOBALANALYTICS.BIZ.General Risk Disclosure—There is substantial risk of loss in trading futures and options, therefore you should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial reso... (more)

Corn/beans/wheat all settled higher after a slow trade today. Corn/soybeans were lower for most of the day before turning higher near the close.  December corn finished up ¾ of a cent at 447 ½ which is still slightly below the 2010 high of 4.49 ¾. November beans found support at $10 again before finishing up 3 ½ at $10.09.  December wheat was the upside leader finishing 5 cents higher at $7.13 ¾.Today was a fairly quiet trade for most of the session. ... (more)

Corn futures maintained strength Thursday given lingering crop yield concerns and strong demand.  Weekly export sales were reduced for old crop sales by 1.1 million bushels, but new crop sales were a massive 66.4 million bushels.  The USDA said separately that Egypt bought 4.72 million bushels of U.S. corn.  Demand for U.S. feed grains is expected to remain solid, especially with the reduction in crop size for Russia and the Ukraine.  Wheat futures were higher although well o... (more)

August gave us wild rides with swings as big as 40 cents in corn. As we start September and near harvest, the yields will start to take precedent over other news.  Exports have been strong and markets have been well supported.  Going forward into next year, we would expect a serious battle for acres, especially if more wheat is planted.  Near term, with the Funds nearly 2 billion bushels long in the corn market, we would expect profit taking.  If I were a Fund manager, I woul... (more)

Corn futures ended higher credited to the sharp drop in the dollar and the significant rally in crude and equities.  The market injected some risk premium due to dryness in the eastern Midwest and some areas of the south and SE.  Today, FC Stone pegged the U.S. corn crop at 13.195 billion bushels with a yield 162.9 bushels per acre.  In other news, South Korea's leading feed maker bought up to 55,000 tonnes of option origin corn.  \Wheat futures advanced the most in near... (more)

9/1/10GRAINS:  News from the central corn belt combine cabs seems to be mostly disappointing when clients-subscribers started relaying yield data to me in the past week or so. For corn-on-corn especially, corn yields are slipping anywhere from 10-40 bushels versus '09 by many accounts, and some producers are also reporting issues with diplodia and quality docks at the elevator as well...these quality issues are still too fresh in many producers minds after the '09 quality and moisture level... (more)

Corn futures ended slightly lower on spillover pressure from the neighboring grain market along with outside influences.  The market retained some of its risk premium due to yield uncertainties and more confirmation from harvests.  This morning, the USDA announced a sale of 100,000 tonnes of corn to an unknown destination, while Libya was seeking 30,000 tonnes of the grain.  The sale was for delivery during the 2010/11 marketing year.  Wheat futures drifted lower on the trigg... (more)

Corn/wheat/beans all finished lower with wheat/beans the downside leaders. Corn and soybean crop ratings remained unchanged in yesterday's report.  This was the main cause for weakness overnight. After a choppy, 2 sided trade throughout the day beans and wheat traded sharply lower into the close.  The market tried to hold strength today but was unable.  Wheat was the first one that tried to rally and couldn't keep the strength. Then corn tried to take out the highs and couldn't do... (more)

Corn and wheat both closed higher while soybeans finished lower.  All three markets opened higher while corn/wheat were the upside leaders. Quality concerns in the wheat market due to excessive rains in Germany and other parts of Europe caused European markets to rally overnight. This spilled over into our markets causing wheat to be up as much as 33 cents higher at one point in the day. Corn had an impressive day closing above several technical levels.  This attracted additional fund ... (more)

Corn futures were slightly firmer on reports of lower yields on earlier harvesting and spillover support from the wheat pit.  Speculative buying was featured due to poor quality old-crop stocks left over from last year, while end users were securing for corn given the likelihood of tighter supplies.  Meanwhile, above normal temperatures have returned to the Corn Belt with temperatures exceeding the 90- degree mark in areas of the eastern Corn Belt.  Wheat futures were sharply... (more)