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Market Insights- June 8 , 2024

Market Insights

Download Complete Version PDF:

The PDF Version is complete with Charts and Graphs Way more information.
Market Updates 8-6-24
.pdf
Download PDF • 1.13MB

That's a Wrap

The USA crop conditions came and to no one’s surprise the conditions in the USA are excellent. Fortunately, Canada is in the same boat.  This has alleviated the immediate growing concerns in the rest of the world.


Horizon

·       All about the weather. Potential production problems are always one storm away. 

·       The fundamentals still haven’t changed so there is nothing to get excited about.


Canola -Technical Thoughts

1.     The canola market is showing signs of weakness. The market knows that growing conditions are excellent.  This week the whole ag complex was extremely volatile which means the market is looking for direction and there is a lot of uncertainty.



Greg, what’s your Point? How’s this going to help my farm?

This is not the time to be speculating with grain in the bin. The canola market is displaying signs of weakness.  There are very few reasons why canola would rally significantly.

Does This Information Change YOUR Market Max Marketing Strategy?

No. Should be comfortably priced by now. Sit back and grow the crop.  



Wheat -Technical Thoughts

This wheat market is driven by weather and fears of production issues. At any moment, the market could rally or drop significantly.  This is one market where lofty targets make sense. 


Greg, what’s your Point? How’s this going to help my farm?

The whole wheat complex is starting to lose steam. There is no point in doing anything right now  

Does This Information Change YOUR Market Max Marketing Strategy

No, some production should be sold already.

Weekly Commodity Change

Extras in the PDF Version

  • Drought Maps

  • This week's Commodities of interest. 2 Charts on each. Intraday (short term) + Daily (long Term)

    • Canola, Wheat

Market Updates 8-6-24
.pdf
Download PDF • 1.13MB

Insight AG Marketing makes grain marketing easier, more profitable and way better. In lots of ways we help farmers enjoy farming more.




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