AGRICULTURE VOLATILITY ANALYSIS
| September 10, 2021
10th Sep, 21
Dear , Following Sugar Fundamental report sent yesterday, please find below Volatility analysis with trade idea ! Speak soon. Erel-Antoine Goren +33 (0)1 78 95 92 33 icechat: eagoren1
LCMC AGS MONTHLY NEWSLETTER
| September 09, 2021
No14
Dear , Please find below the link to our latest report, this week on Sugar ! Key points: Sugar prices have been moving consistently higher since April 2020 in similar fashion to the uptrend witnessed in 2015-16. Back then, sugar prices more than doubled between the low of August 2015 and the high of September 2016. Despite challenging weather conditions in some areas, improving yields may help the EU sugar beet output to rebound to 15.5 million MT in 2021-22. This was favoured by exemptions on t.....
LCMC AGS MONTHLY NEWSLETTER
| September 01, 2021
Aug 31, 2021
Dear , Please find below the link to our latest report, this week on Soybeans ! Key points: Despite recent weather scares related to tropical storm Ida, cash soybean prices did not gain much traction and remain for now in a medium-term downtrend. Even the September-November 2021 bull calendar spread in Chicago did not manage to hold its 42 cents gain low to high from last week. It has actually completely reversed since Friday, positing new lows on 31 August. Some market participants anticipated .....
LCMC AGS MONTHLY NEWSLETTER
| August 25, 2021
No12
Dear , Please find below the link to our latest report, this week on Corn ! Key points: Grains posted last week their worst weekly performance since the second week of May. Corn and winter wheat prices fell by USD 14 and 15 per MT respectively on the back of subdued commercial activity, stronger US dollar and weather forecasts calling for increased chance of precipitation over a large portion of the US Corn Belt. The USDA slashed its 2021-22 world corn production estimate by 8 million MT in Augu.....
LCMC AGS MONTHLY NEWSLETTER
| August 17, 2021
No 11
Dear , Please find below the link to our latest report, this week pretty generalist ! Key points: As Howard Marks puts it simply: most people have the same information regarding the present and the same ignorance regarding the future. Conscious about our own fallibility in predicting the direction of grain markets, we regularly tend to challenge our understanding of fundamentals and short-term price dynamics. That’s what we are trying to do this week by looking at grains on a wider scale. In its.....
LCMC AGS MONTHLY NEWSLETTER
| August 12, 2021
Special Wasde Aug21
Dear Wasde Key points: The USDA took a more aggressive stance than normal for an August WASDE report in terms of production estimates. Here are t hree key points to remember for now : 1. US corn : based on crop conditions as of 1 August 1, the USDA expects corn yields to average 174.6 bushels per harvested acre, which is down from the July estimate at 179.5 bushels and only 2.6 bushels above last year. Since there is no revision to harvested area, total corn output should drop to 14.7 billion b.....
LCMC AGS MONTHLY NEWSLETTER
| August 10, 2021
No 10
Dear , Please find below the link to our latest report, this week on Wheat ! Key points: Wheat was the fastest moving grain last week, with hard winter wheat gaining as much as USD 12 per MT and spring wheat USD 5 per MT. Concerns over the true level of US and Canadian spring crops continue to fuel the rally in local wheat prices. Canada, the fourth largest wheat exporter in the world, may harvest a mere 18 to 20 million MT of spring wheat during 2021-22. At the same time, delays in the French h.....
LCMC AGS MONTHLY NEWSLETTER
| August 03, 2021
No 9
Dear , Please find below the link to our latest report, this week on Soybeans ! Key points: US new crop soybean futures continue to oscillate within a large trading range with the June high and June low as its boundaries. Despite a tight US soybean carryover stock and challenging weather conditions in the US Northern Plains and Canada, prices have not been able to overtake their early July high. Harvest pressure coming from large European rapeseed and sunflower crops combined with subdued soybea.....
LCMC AGS MONTHLY NEWSLETTER
| August 03, 2021
No 9
Dear , Please find below the link to our latest report, this week on Soybeans ! Key points: US new crop soybean futures continue to oscillate within a large trading range with the June high and June low as its boundaries. Despite a tight US soybean carryover stock and challenging weather conditions in the US Northern Plains and Canada, prices have not been able to overtake their early July high. Harvest pressure coming from large European rapeseed and sunflower crops combined with subdued soybea.....
LCMC AGS MONTHLY NEWSLETTER
| July 27, 2021
No 8
Dear , Please find below the link to our latest report, this week on Corn ! Key points: As corn pollination enters its peak phase across the US Midwest, market focus slowly turns to yield estimates ahead of the August Crop Production Despite weather jitters of late in the US, one should still expect above-trend US corn yield this season Any revision toward the trend yield would certainly curtail ending stocks. Nevertheless, a lower yield may come with lower domestic consumption. Ongoing bipartis.....