Chad Burlet is co-founder and chief trading officer of fundamental, discretionary CTA Third Street Ag Investments. He has more than 35 years of experience trading agricultural markets. He spent the first 16 years of his career with Cargill and Goldman Sachs trading both the cash grain and futures markets.
As always, the month of March and the first quarter ended with the USDA’s release of their March 1 stocks report and their spring planting intentions report, says Chad Burlet of Third Street Ag Investments, LLC.
Corn was certainly the feature for the month of January and it ended with a bang. The six million metric tons (MMT) of sales that were just announced to China were the largest ever for a single week, and we still must add in the business that was done to other destinations, says Chad Burlet of Third Street Ag Investments, LLC.
For the fifth month in a row the question of Chinese buying in world markets was a dominant feature for the futures markets, but we believe their corn buying has replaced their soybean buying as the most intriguing question, says Chad Burlet of Third Street Ag Investments, LLC.
Agricultural futures moved generally higher in October, but this past Tuesday felt like the culmination of some long-term rallies that had brought us some dramatic changes in calendar spreads, says Chad Burlet of Third Street Ag Investments, LLC.