Commentary

Daily Comments

There is really only one major ag story driving markets this morning, and that stems from the announcement last Friday that India has decided to suspend new export business in wheat.  Existing sales and agreements are unaffected, and by no means will this necessarily be a permanent ban.  Still, needless…

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Weekly Commentary

May 14, 2022 Last week I made a feeble attempt to channel the spirit of the fictional character, Atticus Finch, by repeating the words of assurance that he spoke to his children when things were looking glum; “It’s not time to worry yet.” While some may have taken solace in…

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Daily Comments

As it turned out, the USDA provided a couple of positive surprises in the reports yesterday, primarily for the grains.  A reduction in the trend line yield for corn to 177 bpa was well received by corn bulls, but the bigger surprise came in the global wheat numbers, where they…

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Daily Comments

When I first looked at the export sales figures this morning, I thought there must have been some type of mistake, but no, there were just uniformly terrible.  Beginning with corn, for the week ending the 5th, we set a marketing-year low of 192,700 MT or 7.6 million bushels.  This…

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Daily Comments

The hot and dry conditions being experienced in France are garnering more and more attention in the news and, of course, in markets as well.  France is, after all, the EU’s largest exporter of wheat, and the fourth largest globally, usually shipping out around half of the 35 MMT it…

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