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VP of Grain Research for ADM Investor Services
Overseeing the analysis of all market information and trading strategies for over 1100 brokers. He creates daily short and long-term market outlooks, monthly grain PowerPoint presentation updates, daily market outlook video and an electronic statistical manual identifying changes in world supply and demand conditions. Steve’s market opinion is often quoted in newspapers and business journals around the world, and he is regularly a featured speaker at seminars and workshops.
Born and raised on a grain and livestock farm in central Illinois, Steve received a Bachelor of Science degree in Agriculture from Illinois State University. His career began as a crop analyst, then as a grain analyst creating trade recommendations based on international and domestic crop conditions. Before joining ADMIS in 1992, he was with Continental Grain Company and later held the position of Vice President of Futures Research at Dean Witter Reynolds. While there, he sharpened his ability to create trade recommendations based on crop conditions, seasonal trends and changes in cash inputs.
Long recognized as an industry expert, today Steve is one of the most respected and followed grain analysts in the nation.
Tel: +1 312 242 7000
March 8, 2018
USDA report day. Grains are lower. SK is down 7 cents and near 10.58. CK is down 1 cent and near 3.86. WK is down 1 cent and near 4.95. US stocks are higher. US Dollar is higher. Crude is lower.
The South American weather forecast saw some changes for Argentina; still dry until the weekend when a front arrives and models are in better agreement that light to moderate amounts of rain will fall; things look dry for next week but some soaking rains are predicted by the end of next week. Decent rains still look to fall in northern Brazil with limited rains in the south. The 6 to 10 day forecast sees rains for all areas of Brazil.
The southern Plains has some changes as dry weather is still seen into next week but, a system is seen bringing light to moderate rains to Kansas, Oklahoma, and Texas the very end of next week.
Weekly US corn export sales are est near 1,000-1,500 mt, soybeans 900-1,400 and wheat 200-500.
CONAB est Brazil soybean crop near 113.0 mmt and corn 87.3.
Funds sold 8,000 soybeans, 5,000 soymeal, 3,000 soyoil, 6,000 wheat and 3,000 corn on Wednesday. Funds are estimated to be long 171,000 soybeans, long 105,000 soymeal, net short 15,000 soyoil, long 110,000 corn and short 41,000 wheat.
The information and comments contained herein are provided as general commentary of market conditions and are not and should not be interpreted as trading advice or recommendation. The information and comments contained herein are not and should not be interpreted to be predictive of any future market event or condition. The information and comments contained herein is provided by ADM Investor Services, Inc. and not Archer Daniels Midland Company. Copyright © ADM Investor Services, Inc.
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