Commentary

“The floggings will continue until morale improves!” While no one is quite sure who came up with this bit of witty sarcasm, it very well could have been paraphrased by Fed Chairman Jerome Powell this past week.  Speaking at a Wall Street Journal event on Tuesday, he assured the crowd…

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This has turned out to be a disappointing week for bulls in the grain markets, particularly for those in wheat.  After gapping higher to begin the week and then accelerating into new highs, the gaps have been filled, and we are trading at the lower end of the range for…

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For more years than I can recall, there has been one indicator that I have relied upon in the corn market to confirm significant highs and lows, and that is the weekly MACD.  While I recognize that there is always a risk of pointing out something that could be unfolding…

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The wheat market continues to supply plenty of spills, thrills, and other assorted excitement each day, and after another impressive recovery for the close yesterday, prices are sagging this morning. With volatile action such as this, it is generally beneficial to take a step or two back and look at…

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India has now attempted to clarify the ban on overseas wheat sales that they announced on Saturday.  Instead of an outright ban, which many assumed they had done, they will allow shipments of wheat that are already awaiting customs clearance and will also be moving forward with exports to Egypt. …

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