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Burn It All Down Monday Markets


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Burn It All Down Monday Markets

USDA report day, Friday did little to entice much of any market direction and ultimately left much market nears unchanged.  However, that neutral bias mood seems to have severely soured this Monday.  At the time of this writing, corn is down 2’0, soybeans down 9’4, soymeal down 1.5 and wheat(s) down 1’0-8’0.  Burn It All Down Monday seems to be the theme as Friday’s USDA hangover sets in. 

Soybean
Right off the bat this morning, soybeans are facing a troubling energy and currency markets as the US dollar is up 3.7% as this time and the Dollar/Brazil Real up 1.1%.  However, there is definitely more to today then just those two aspects as a “risk off” tone is being seen in nearly all markets.  Soybeans, however, have some strong headwinds to overcome now that the USDA January data has been released. 

Soybean Curves
Without USDA data, I was relying much more on the “technicals” of the market then I had done so previously as I tend to put more weight into fundamentals rather than technicals.  However, the markets do still breakdown……

 

**To find the complete article with accompanying images/charts, follow the link: http://intranet.zaner.com/uploads/bgrossman/2019/2-11-19%20Burn%20It%20All%20Down%20Monday%20Markets.pdf



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About the author


Brian is a marketing strategist with Zaner Ag Hedge Group.  He grew up in Linton, North Dakota; born in 1988 and raised on the family farm.  He attended North Dakota State University and graduated in 2010 with a degree in Agricultural Economics with a focus on commodity marketing as well as a minor in Crop and Weed Science.  After graduating he returned to the family farm for the next five years before pursuing a career in commodity marketing.  Brian works with grain and livestock producers and end users of all sizes across the United States helping them develop risk management strategies. As a former producer who hedged through Zaner, Brian brings a unique perspective with vast experience on the client side of this industry. 

Feel free to visit with Brian about any marketing needs or thoughts at (312) 277-0119, bgrossman@zaner.com or follow him on twitter @AgHedgeGrossman

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Brian Grossman

Market Strategist

Zaner Group, Ag Hedging

(312) 277-0119 -- Direct Line

bgrossman@http://zaner.com/

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