Commodities Market Update April 11, 2019

By /
Our weekly commentaries and updates will remain free until April 22, 2019. Effective April 22, 2019, a subscription will be required in order to receive them. Anyone who signs up before April 30, 2019 will receive a yearly subscription at the discounted rate of $99/yr. Of course, clients of Fundamental Analytics and BlackSummit Financial Group will continue receiving our weekly content for free.
We would be happy to discuss this commentary with you and provide additional market insights. Feel free to call us at 312-348-7518 or email us at [email protected]
April 11, 2019 | by Joel Fingerman
Dear Joel:
Grains
The April USDA WASDE report was released Tuesday and the data were generally bearish to commodity prices. US corn ending stocks were reported at 2.035 billion bushels, greater than the average estimate of 1.991 billion bushels (Chart 1, 2018 bar). World corn ending stocks were reported at 314.1 million metric tons, up from 308.5 million metric tons in the March report (Chart 2, 2018 bar).
The new Fundamental Analytics platform will launch in March 2019. To see what the FA platform can do for you sign up for a free trial on our website or contact one of associates.
We will be running a special introductory price for those who sign up between March 15th and May 15th.
Benefits of FA:
  • Easy to use, web-based and menu driven platform.
  • Extensive history of data.
  • Superior graphing capabilities
  • Competitively priced.
US soybeans ending stocks were at .895 billion bushels, slightly less than the average estimate at .898 billion bushels (Chart 3, 2018 bar). World soybeans ending stocks were at 107.36 million metric tons, up from 107.17 million metric tons in the March report (Chart 4, 2018 bar).
With the exception of US corn ending stocks, the ending stocks remain at record levels. The market dropped with the release of the WASDE report, but ended the day basically unchanged.
However, the flooding in the Midwest and near term weather forecasts could delay or prevent planting, causing commodity prices to rise.
Chart 1
Chart 2
Chart 3
Chart 4

 

For more insights and analysis or to find out about our free trial offer, go to www.fundamentalanalytics.com
Follow us on Twitter @fundanalytics or on LinkedIn
Regards,
The Fundamental Analytics Team