Articles tagged under: Sterling Smith

A Change in the Weather Forecast is Bearish

Published July 29, 2024

A change in the forecast on Friday brought a moderation in temperatures and rain to parts of the Cornbelt. AgriSompo North American Chief Analyst Sterling Smith said the corn is in good condition. "The corn crop nationally is very well developed,"…

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Not Expecting Large PP Number

Published June 17, 2024

Grain traders took risk premium out of the grains Friday. AgriSompo North America chief analyst Sterling Smith says traders are not expecting large PP acres. "The planted acres report at the end of the month is going to be closely followed,"…

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USDA Report Dubbed “Dull”

Published December 10, 2022

AgriSompo North America market analyst Sterling Smith calls the December USDA supply and demand report a “dull” report. "There's not a lot of big changes at all. Smith says this report sets up the January report for bigger changes. "We're…

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Crude Prices Drop Below $80 per Barrel

Published November 18, 2022

The ag commodities continue to chop in a range-bound trade. AgriSompo North America market analyst Sterling Smith says there is some good news for consumers in the outside markets. Crude oil values dropped below $80 per barrel for the first time…

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A Dramatic Market Swing

Published October 21, 2022

Volatility in the dollar index allowed the grain markets to bounce off its lows Friday. AgriSompo North America market analyst Sterling Smith says a volatile 140-point swing in the dollar index occurred within one minute Friday. "News dropped that the…

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Soybean Yield a Big Surprise

Published August 12, 2022

AgriSompo North America market analyst Sterling Smith says USDA’s soybean yield was major surprise to the market. "The market was completely blindsided by that. This surprise sent soybeans spiking lower, taking corn with it. The wheat market didn't even really…

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Sideways

Published August 7, 2022

The USDA supply/demand report will be released Friday. "I think we're going to go sideways up to the report," said Sterling Smith, market analyst, AgriSompo North America. "I think the report probably isn't going to be bearish, but global corn…

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Strange Commodity Markets

Published July 18, 2022

The grain market action is acting strange. AgriSompo North America market analyst Sterling Smith says there are several factors playing into the situation. "The producer price index did not bring great news. People were hoping the month-over-month number would ease…

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Investors Leaving the Commodity Markets

Published July 16, 2022

The grain market has been a two-sided affair. AgriSompo North America market analyst Sterling Smith says traders have concerns about the economy. "I think we are having this ongoing investor exit from the commodity trade; they are fearful of the…

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Market Downturn is Overdone

Published July 9, 2022

USDA will release its July supply and demand report Tuesday. AgriSompo North America market analyst Sterling Smith expects a tight balance sheet. "I did my balance sheets, trying to predict the future and the soybean ending stocks number was noticeably…

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