Demand is still a question mark, because there is still 8 1/2 months, roughly, for demand to develop or fade. But, surprisingly enough, USDA's Dec. 1 quarterly stocks figure tends to be a solid indicator of what marketing year total demand will be. Let's look at corn's first quarter quarterly stocks for the last four years.
As I've said countless times over the years, USDA's January set of numbers are the Super Bowl (overhyped), Daytona 500 (a lot of noise) and Kentucky Derby (come and gone quickly) of government reports. So much is made over so little actual information by so many. Keep an eye on post-report chatter, because most of it will be over numbers that simply don't matter, or at least don't matter as much as one, single number.
Soybeans (Cash): The DTN National Soybean Index (NSI, national average cash price) closed at $8.85 3/4, down 27 cents for the month. The NSI posted a bearish outside month during December, indicating cash soybeans could build major (long-term) downside momentum. Trendline support during January comes in at $8.69, with the 4-month low sitting at $8.60 1/2 (August 2017). The previous major low is at $8.05 from March 2016.
DTN Subscribers: Some of you may know this, to others it may come as news, but there is an Ask the Analyst function on you MyDTN system. I have updated questions in both Corn and Soybean strategy segments this am.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".