USDA Crop Report

News & commentary on the USDA Crop Report and Grain Futures markets including wheat, soybeans, corn & more

USDA Crop Report is a blog dedicated to bringing updates, news and commentary on the USDA Crop Report and the grain futures markets including wheat, corn, soybeans and more.

This blog is brought to you by Zaner Group, one of America's oldest family-owned and operated futures and forex brokers.  Zaner provides a wide range of services from research and recommendations to the execution of all your futures needs.

We invite you to join the thousands of other Zaner clients that have enjoyed our services.  Click here to learn how to open an account with Zaner.

If you're a member of the agricultural supply chain or follow the grains markets you may want to take advantage of Zaner's FREE Daily Ag. Hedge Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss.  These recommendations are a solicitation for entering into derivatives transactions.  All known news and events have already been factored into the price of the underlying derivatives discussed.  From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.


STRAINED BETWEEN US & CHINA AT ECONOMIC CONFERENCE LAST WEEKEND, G20 SUMMIT AT END OF MONTH

Posted on 11/21/2018 6:59:15 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.




Higher closes for oats, Minneapolis and Chicago wheat along with soybeans, soybean meal and soybean oil while lower Kansas City wheat, rough rice and corn. Not much to say once again with continued slow exports and the harvest now mostly done. The big news continues to be the upcoming G 20 summit at the end of the month but last weekend's conference showed strained relations between the United States (Pence) and China which is foreboding. Now the ranges for the wheat complex are being threatened at the lower end with downtrends since August across the board. Sell rallies with the help of charts and your broker(s). Oats remain bullish spiking higher on Monday making a new CONTRACT HIGH AND CLOSE. Good support lies below 290. Rough rice has been trading between 1040 - 1130 over the last couple of months and range bound since August. Rice's overall remains down while consolidating over the last 2 - 3 weeks. Although corn exports continue to slow down and no matter what the fundamental news has been, it still is in the same trading range (350 - 390) also since August. Don't make complicated judgments on this grain but I now have a SELL SIGNAL based off the chart formation below. Just trade it accordingly. Except for maybe oil, the bean complex has held up remarkably well considering the barrage of bearish fundamental news being thrown at it! The beans have actually been in a trading range of roughly 840 - 900 since last August and still look like they could be in a possible bottoming formation. Meal, on the other hand, has been 'dead in the water' while in a 305 - 320 range, give or take, also since August. Oil looks like it's going to test the September low while looking weak overall. BUY SIGNAL FOR OATS. SELL SIGNALS FOR CORN, MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH SOYBEAN OIL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.



STRAINED BETWEEN US & CHINA AT ECONOMIC CONFERENCE LAST WEEKEND, G20 SUMMIT AT END OF MONTH

Posted on 11/21/2018 6:50:02 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.




Higher closes for oats, Minneapolis and Chicago wheat along with soybeans, soybean meal and soybean oil while lower Kansas City wheat, rough rice and corn. Not much to say once again with continued slow exports and the harvest now mostly done.The big news continues to  be the upcoming G 20 summit at the end of the month but last weekend's conference showed strained relations between the United States (Pence) and China which is foreboding. Now the ranges for the wheat complex are being threatened at the lower end with downtrends since August across the board. Sell rallies with the help of charts and your broker(s). Oats remain bullish spiking higher on Monday making a new CONTRACT HIGH AND CLOSE. Good support lies below 290. Rough rice has been trading between 1040 - 1130 over the last couple of months and range bound since August. Rice's overall remains down while consolidating over the last 2 - 3 weeks. Although corn exports continue to slow down and no matter what the fundamental news has been, it still is in the same trading range (350 - 390) also since August. Don't make complicated judgments on this grain but I now have a SELL SIGNAL based off the chart formation below. Just trade it accordingly. Except for maybe oil, the bean complex has held up remarkedly well considering the barrage of bearish fundamental news being thrown at it! The beans have actually been in a trading range of roughly 840 - 900 since last August and still look like they could be in a possible bottoming formation. Meal, on the other hand, has been 'dead in the water' while in a 305 - 320 range, give or take, also since August. Oil looks like it's going to test the September low while looking weak overall. BUY SIGNAL FOR OATS. SELL SIGNALS FOR CORN, MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH SOYBEAN OIL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.



Posted on 11/20/2018 2:00:28 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/20/2018 1:59:10 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/20/2018 1:57:45 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/19/2018 2:20:07 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Older posts

Recent Posts

Other Markets

Digg!