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.....
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.....
LCMC AGS WEEKLY 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.....
LCMC AGS WEEKLY NEWSLETTER
| July 20, 2021
No 7
Dear , Please find below the link to our latest report, this week on Wheat ! Key points: For now, EU wheat output may reach 134 million MT in 2021-22, with no change to the German crop forecast at 22.6 million MT. Crop quality related issues are the topic of the moment, with many in the trade accounting for more feed wheat than earlier anticipated this season. Across the pond, the USDA revised down US wheat ending stocks for 2021-22 on the back of lower supplies and beginning stocks. All wheat p.....
LCMC AGS WEEKLY NEWSLETTER
| July 13, 2021
No 6
Dear , Please find below the link to our latest report, this week on Soybeans ! Key points: The oilseed complex continues to consolidate on the back of better-than-expected crop forecasts in the world and rapeseed harvest pressure in Europe. With a lack of new fundamental drivers of late, soybean prices may remain range bound in the short-run Overall, it may take a more severe deterioration in US crop conditions or a substantial new crop export sale to drive soybean prices to fresh new highs for.....
LCMC AGS WEEKLY NEWSLETTER
| July 06, 2021
No 5
Dear , Please note that we will split our Weekly in : - a Fundamental part - a Volatility part, with a follow-up on past ideas, sent separately. Please find below the link to our latest report, this week on Corn ! Speak soon. Erel-Antoine Goren +44 7 551 35 34 37 icechat: eagoren1
LCMC AGS WEEKLY NEWSLETTER
| June 30, 2021
No 4
Dear , Please find below the link to our latest report, this week on Cotton! Always happy to hear your feedbacks. Speak soon. Erel-Antoine Goren +44 7 551 35 34 37 icechat: eagoren1