Commentary

May 02, 2024

Daily Comments

The weekly export sales figures all aligned with expectations, but at least the bean number improved significantly. During the week ending the 25th, we sold 414,000 MT or 15.2 million bushels. This was up 96% for the week and 45% above the 4-week average. Egypt was the top buyer with…

May 01, 2024 | For Members

Daily Comments

Last week, the wheat market tried to lead the grain/soy complex higher, and this week, beans appear to be doing just the opposite. As I have noted previously, the fundamental picture for beans provides little to inspire any would-be bulls. However, with all the uncertainty of a growing season laid…

Apr 30, 2024 | For Members

Daily Comments

We are now just a few hours away from wrapping up another month of trade. If the closing bell were to ring right now, July corn would have lost 3-cents, and December corn would be down 6-cents. July beans are down 27-cents, and November beans have surrendered 11-cents for the…

Apr 29, 2024 | For Members

Daily Comments

We appear to have something of a role reversal going on this morning. Last week, wheat tried to lead a charge to the upside, with corn reluctantly trying to follow, while beans refused to join in the fun and, in turn, went the other direction. Now, we have beans trading…

Apr 26, 2024 | For Members

Daily Comments

There is no question that the advance in the grain/soy markets this week has been led by wheat; all have contributed to some degree. If we closed out the week right now, May corn would have gained 8-cents, Chicago wheat 54-cents, KC wheat 53-cents, and May soybeans 7-cents. If we…