LCMC AGS WEEKLY NEWSLETTER | September 24, 2021

24th Sep21 : Corn

Dear , Please find below the link to our latest report, this week on Corn ! Key points: Grain markets have entered a transition phase as corn and oilseeds harvests in the northern hemisphere start to unfold, while trade out of the Western Europe and the Black Sea region gets more active. That phase is normally associated with well-defined seasonal lows in corn prices. Over the past 30 years, the average date for a harvest low in cash Illinois corn is 17 October. However, with the annual high pos.....

LCMC AGS WEEKLY NEWSLETTER | September 16, 2021

16th Sep21

Dear , Please find below the link to our latest report, this week on Wheat ! Key points: The USDA’s WASDE report did not bring much fundamental surprise to the wheat market. Though slightly bearish in nature due to the upward revision in global ending stocks for 2021-22, the crucial price area at USD 7.77-7.83 per bushel in the Chicago Dec’21 contract managed to hold. A negative WASDE report followed by positive price action may call for friendly dynamic for a few more days. Wheat now appears to.....

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 WEEKLY 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 WEEKLY 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 WEEKLY 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 WEEKLY 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 WEEKLY 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 WEEKLY 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 WEEKLY 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.....