rounded corner
rounded corner
top border

Morning Grain Market Research


Bookmark and Share

While the action in the grain and soy markets this morning would not be described as euphoric, it would appear that the trade is ready to depart for Thanksgiving on a cheery note. Grain are rather flat but this after strength yesterday but soybeans have extended to the highest level since the USDA gave us all a jolt on the November production reports. La Nina concerns, ongoing bean demand and pre-holiday, pre-end of year short covering have all conspired to lift prices this week. I do not want to dash the good feelings but do keep in mind though that we have really not gone anywhere and could be in store for overall flat trade for some months ahead.

11-22daily

Looking further down the road, I did read an interesting piece this morning about changes that are occurring or at least proposed in the Chinese hog industry. According to Reuters, there are at least eight companies that intend to build commercial size hogs operations in the Northeastern region of that country that would produce around 17 million market hogs. It is projected that if this comes to fruition, that part of the country will produce around 20% of the Chinese hogs production or around 120 million hogs per year which would be roughly equivalent to all the hogs slaughtered annually in the U.S. While this is one of the coldest winter regions in China, it is also the least populated, allowing for larger operations and also a major grain region, last year producing around 40% of the nations corn. Keep in mind that not only could this present a scenario of greater corn/meal demand but would also potential create a feedstuff strain in the southern part of the country, bringing them back as importers much sooner than many would suspect. Combine all this with the ethanol program that is currently under way and it would appear that China could become a substantial player in the global corn market again in the not too distant future.

Markets will be open for normal trading hours today but we will be closing early on Friday. With that we would like to wish everyone a safe and blessed Thanksgiving.

Past performance is not indicative of future results. Futures trading is not suitable for all investors. The risk associated with futures trading is substantial. Only risk capital should be used for these investments because you can lose all or more of your original investment. This is a solicitation.



Recent articles from this author



About the author


Dan Hueber is the General Manager of The Hueber Report.  Mr. Hueber literally grew up in the grain industry, and entered the commodity futures and options business more than 35 years ago.  

Mr. Hueber’s methodology combines his deep understanding of fundamental data, various technical indicators, and his studies of Gann and Elliot Wave Theories.  You can find out more about him and sign up for our newsletter at www.thehueberreport.com.

Dan can be reached at dan.hueber@cgb.com

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2018 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy