Market Analyst for CHS Hedging, Inc., a subsidiary of CHS, Inc. Specialize in trading Grain and Livestock futures and options.
Weekly chart of the Dollar Index $DX.X Looming Head and Shoulders pattern? Would be a boone for commodities, $CCI
Argentine 5-yr CDS +924bp to 4,047bp today, a 1.5 SD move. Portugal = 542bp, Spain 320bp & US 36bp. #soybeans
Now January '13 #soybeans... Notice any similarities? $ZS_F
First January 2012 #soybeans...
#Soybean bulls might not want to look at this. Just an idea, not a rec or an official forecast $ZS_F
@todd_calfee Our clearing firm shows them a hair under 9c but Bloomberg showing 7.5c. Not exactly exchange traded
BTW @jasonlbritt & @ArlanFF101 its not just chatter. Gail unloading Arg sorgh, 3 of Braz #corn. Oceanis Arg corn
Four vessels of Brazilian #maize pointed at Wilmington, NC. Set to discharge btwn Oct 3rd and 22nd. Makes 5 total
8 Major #Wheat exporters prod & stocks/use. Assumes Auss @ 22 and Russ @ 39. Currently 15.3% vs. 13.3% in 07/08
Weekly active chart of Chi #wheat referencing 2010 ban and subsequent chop for 7-weeks following highs.
6-10 showing some promise for Queensland, NSW. #Cropcast #MDAEarthSat
SX/SF spread for '12, '11, '10, '03, '95 & '88. Horizontal trendlines show even $ and -5.00c. #patience #soybeans
CZ/CH spread for '88, '93, '95, '10, '11 & '12. Blue lines highlight Sept. Red-Oct. Speaks for itself #corn
Afternoon wind path Saturday not showing extreme winds through MO/IA/IL/IN. 10-20mph, but Sat-night still to come
Momentum divergences abound this morning in S&P and $VIX. Gap from 17.55-15.64 needs closing; likely target.
#Corn price vs. $ANDE, $TSN, $SFD, $SAFM, $JBSS3 & $ADM. All put lows in 2-10 days before $8.49.
@morrisonmkts here is the weekly with possible ABC unfolding
@jerodmcdaniel What grass...?
Chart from @bloomberg showing former Communist countries besting most "western" countries in industrial production
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