Snowball Asset Management

Stock & Commodity Trader. NFT Hodl-er

[Snowball Asset Management @SnowballTrueMM]

CEO Snowball has a reddish eye and a greenish eye - symbolizing the ups & downs of the market. Disclaimer: Not a real company & tweets are NOT financial advice.

[Snowball Asset Management @SnowballTrueMM]

@Badgerswimr 🤷🏼‍♀️This year's grain prices make no sense to me

[Snowball Asset Management @SnowballTrueMM]

@Badgerswimr @sizov_andre @cer_hedge Only corn has ears

[Anas Alhajji @anasalhajji]

We wrote this in early January 2023:
- Our estimated (global oil demand) growth is more conservative than most due to the wobbly economies of China and Europe

- We also believe that China’s reopening will have a limited impact on global oil demand in the first half of 2023

- Regarding the issue of refilling the US SPR, and if it occurs in 2023, we believe that it will have a limited impact on oil demand and prices

- The impact of Western sanctions and the G7-led price cap on Russian oil will be limited as Moscow will continue to divert its oil from Europe to other regions, either directly or through various shipping schemes. We also believe that Russian oil will end up in Europe despite sanctions.

- Turning to oil production in the US, we expect growth, including in shale production.  However, low natural gas prices, and sometimes negative prices, could threaten oil production in certain tight oil plays.  Offshore activities, meanwhile, are expected to increase, including in the Gulf of Mexico.

Link: https://t.co/tbZPusLsGA

[Karen Braun @kannbwx]

🇨🇳#Corn futures in #China have rallied well off their recent lows, opposite of the trend seen at this time in 2022 & 2021. September futures have climbed more than 12% since the May 12 bottom, reaching the highest levels since mid-March. Adverse weather is a likely factor.

[farmdoc daily @farmdocDaily]

In the @usda_nass 2023 "Acreage" report, #corn planted acreage is up 6% from 2022, #soybean acreage is down 5%, all #wheat acreage is up 9% and all #cotton acreage is down 19%.

From the @usda_nass 2023 "Acreage" report: https://t.co/vfCwMg9PQH

[Karen Braun @kannbwx]

🇺🇸U.S. #corn acres land WAY above expectations, #soybeans WAY below:

[Pro Farmer @profarmer]

Historically, tomorrow’s report day is the most volatile day of the year. This year is likely going to be no different.
Corn stocks are expected to come in at 4,250.4 million bushels, with analysts’ estimates ranging from 3,791 to 4,410 million bu, according to a Bloomberg survey

[Snowball Asset Management @SnowballTrueMM]

@Citrini7 Poor UK banks. Double standards much. 🤣

[Snowball Asset Management @SnowballTrueMM]

@GoddessofGrain It's all good again! 😂

[MSG Capital @MSGCapital]

Over 5000 X 1260 puts bought so far and still going. #soybeans

[Andrey Sizov @sizov_andre]

And let's add insult to injury....it seems that the new Russian #wheat crop is not looking that great thanks to the spring wheat drought

Reuters: SovEcon analysts lowered its 23/24 Russian wheat harvest forecast to 86.8 mmt, down 1.2 mmt

More: https://t.co/YFvKN7KxBK

#oatt #agwx

[Snowball Asset Management @SnowballTrueMM]

@Badgerswimr A cool July with small amt of precipitate can still yield good crops

[Snowball Asset Management @SnowballTrueMM]

@MSGCapital I see! Thank you!

[Snowball Asset Management @SnowballTrueMM]

@ethankoehler14 @MSGCapital I try! A lot of things going on in personal life right now!

[Snowball Asset Management @SnowballTrueMM]

@MSGCapital Condor is to bet on ranges action / little volatility... So selling condor is long vol, right?

[Snowball Asset Management @SnowballTrueMM]

@Badgerswimr Maybe wheat shorts will all move to bean oil 😂

[Snowball Asset Management @SnowballTrueMM]

@MovingIronLLC 😢

[Jason Britt @jasonlbritt]

@Frye_WSS This weather is all ready pretty extreme. (hail, wind, tornadoes, the occasional derecho) Asking to much for a National yield to be even close to that. It's never a perfect growing season across the entire growing area and this year will be no different.

[Pro Farmer @profarmer]

The HRW-SRW price spread is breaking records as the tale of 2 crops continues to diverge. The July contracts are now over $2.15 apart from one another & show no signs of slowing down.

[Brian Wilson @Badgerswimr]

Great corn option trader told me a long time ago. The biggest bull market will start from unbelieveable reaction to fundamentals coupled with volatility disrespect. We are here Dave #oatt #corn #soybean #oatt