While certainly not shocking, the negotiations that were being held in Turkey regarding allowing safe passage for Ukrainian grain through the Black Sea ended without any firm commitment yesterday. Russia has maintained it would not stand in the way of movement but argued that it was Ukraine’s responsibility to clear…
Commentary
Daily Comments
We appear to be suffering from the all too typical midweek lull in the news for the grain/soy markets this morning, but that has done nothing to temper the bulls’ enthusiasm, particularly in the bean trade. Both old and new crop contracts have extended into higher highs for the individual…
Daily Comments
Famed architect and urban planner Daniel Burnham once said, “Make no little plans. They have no magic to stir men’s blood…” Obviously, traders in the wheat market have taken this message to heart this year but reinterpreted it to make no small trading ranges. July futures recorded a nearly 50-cents…
Weekly Commentary
June 4, 2022 As expected, job creation in the United States did slow a bit during the month of May, with 390,000 people entering the workforce. This was the lowest increase we have seen since April of last year but was still above the 330,000 anticipated by economists and marked…