News and Blog

Morning Thoughts – May 25

Morning Thoughts – May 25

Crops - Yesterday’s session might have been one of the more boring I’ve seen in quite a while.  For the time being, I don’t see any reason to expect this boring price action to change.  We have June option expiration tomorrow.  In tomorrow’s comments I’ll include...

read more
Morning Thoughts – May 24

Morning Thoughts – May 24

Crops - I mentioned yesterday I thought that some might be looking at early assumptions on Prevent Plant area and scaling back on those figures a bit.  This seems reasonable considering the Northern Plains states typically lead the way in terms of PP area and those...

read more
Morning Thoughts – May 23

Morning Thoughts – May 23

Grains - While reviewing yesterday’s export inspections data, one thing stood out to me.  Over the past several weeks/months, we’ve continued to see ongoing and consistent wheat shipments to China.  The chart below shows that MYTD export shipments are the strongest...

read more
Morning Thoughts – May 19

Morning Thoughts – May 19

Grains - Not sure what to say after yesterday’s session.  We knew the market would be under pressure following the news from Brazil but I’ll have to admit I didn’t expect a 30 cent decline yesterday.  There was big pricing in Brazil yesterday, but estimates vary...

read more
Morning Thoughts – May 17

Morning Thoughts – May 17

Grains - Soybean export premiums are firming around the world.  In the case of South America,  this is largely due to a lack of farmer selling.  In Brazil, the BRL continues to strengthen and soybeans in real terms just don’t look attractive enough to sell at the...

read more
Morning Thoughts – May 15

Morning Thoughts – May 15

Livestock - No major new information to pass along this morning.  We’re still digesting the Chinese reopening news.  While obviously this is good news for the US industry over the long term, there are still some hurdles to clear in the short term.  One major sticking...

read more
Morning Thoughts – May 12

Morning Thoughts – May 12

Livestock - A lot of headlines this morning saying China will now allow US beef imports following a trade deal.  I once again do want to point out that China reopened their market to US beef officially a few months ago, it's just that neither side has agreed on...

read more
Morning Thoughts – May 10

Morning Thoughts – May 10

Livestock - Another wild ride in cattle futures yesterday.  After initially pushing sharply higher, cattle futures broke sharply during the session positing a daily reversal on the spot LCM chart.  I fielded a lot of questions asking why the reversal yesterday, and to...

read more
Morning Thoughts – May 8

Morning Thoughts – May 8

Energies - I’ve noted for a while now that the market has pretty much baked in an extension of the OPEC production cuts beyond this month and I wondered aloud how OPEC was hoping to stir up added price gains considering this was priced in.  This morning we see the...

read more

Morning Thoughts – May 4

Financials - I’m hard pressed to find much substance in yesterday’s FOMC statement.  It seemed they walked a fine line and avoided sounding either especially dovish or hawkish.  It is interesting to note that the Fed points out that economic activity has slowed, but...

read more

Disclaimer: none of the content provided on ctsfutures.com should be considered trading advice or recommendations. Opinions expressed here reflect those of the authors only and do not necessarily reflect those of Cunningham Trading Systems, LLC. Cunningham Trading Systems, LLC makes no guarantee as to the accuracy of the information published here.