Dustin Johnson

Articles By Dustin Johnson

Mar 26, 2014

Upcoming Report

Old crop soybeans were sharply higher on Wednesday while wheat and corn were lower. May beans settled 12 cents higher at $14.40 while November beans were 4 ½ cents higher at $11.93 ¼. Today’s corn weakness was related to lower ethanol production and higher ethanol stocks from the EIA report
Mar 21, 2014

Funds Adding to Their Corn Longs

Soybeans and wheat closed with double digit losses on Friday while corn stayed near unchanged. This appears to be a liquation of the inter-commodity spreads ahead of the weekend. Ever since the January report there has been a noticeable change in fund positions in corn, wheat, and soybeans. This can
Feb 06, 2014

Strong Bean Sales Rally Market

Soybeans closed higher on Thursday after the weekly sales report showed more old-crop soybeans sold than expected. A total of 577,000 MTs of 2013-2014 soybeans were sold between Jan 24th – 30th. China was the biggest buyer adding 256,400 MTs in new purchases after switching 180,000 out of unknown. The
Jan 27, 2014

Corn-Soybean Ratio Lower

Corn and old crop soybeans were higher on Monday while other CBOT markets closed lower. December corn closed 3 cents higher at $4.52 ½, November soybeans 7 ¾ cents lower at $11.01 ½, and July wheat 1 ¾ cents lower at $5.75 ¼. Old crop soybeans were higher from strong
Dec 11, 2013

Higher Ethanol Production

Corn, beans, and wheat closed higher on Wednesday while trading on light volume. The rally was attributed to ethanol production, seasonal trends, and futures liquidation prior to the holidays and the end of the quarter/year. March corn was 3 ¼ cents higher at $4.39 ¼, Jan beans 5 ¾ cents
Nov 22, 2013

Soy Sales to China Support Market

Overnight grain markets were slightly higher for corn, higher for soybeans, and higher for wheat. This morning the USDA announced the private sale of 115,000MT of soybeans to China for the 2013-2014 marketing year. Today is the last trading day for December grain options. Please contact your broker to re-position
Nov 18, 2013

Sub $4 Corn Next Week?

Corn prices fell to new lows for the move on Monday from ongoing supply pressure and stop hunting. We talked last week about the large amount of put option open interest still out there in the December contract. As the futures get below some of the key strike levels, the
Nov 07, 2013

Beans Strong on Short-Covering

It was a relatively quiet trading session for corn and wheat ahead of Friday’s WASDE report. Soybeans however found the first meaningful day of support in two weeks, probably from short covering ahead of the report release. Even though soybeans were sharply higher, soybean oil was sharply lower. This was
Oct 22, 2013

Corn Slides on Crop Ratings

Corn settled lower on Tuesday after favorable crop ratings were reported on the Weekly Crop Progress report. December corn closed 5 ¾ cents lower at $4.38 ¼, November soybeans a penny lower at $13.02 ¼, and December wheat a penny higher at $7.00 ¾. To the market’s surprise, corn ratings