Commentary

Jan 31, 2022 | For Members

Daily Comments

It seems we have touched off a race to the bottom, which in this case means everyone is trying to slash their Brazilian beans estimates to see who can come in the lowest. This morning, AgRural cut its estimate to 128.5 MMT from the previous 133.4. Not to be outdone…

Jan 30, 2022 | For Members

Weekly Commentary

JANUARY 29, 2022 Jack be nimble, Jack be quick, Jack jump over The candlestick. I believe I am quite safe in saying that each of you is familiar with this nursery rhyme. It was first recorded in a manuscript in the early 19th century and since that time has been…

Jan 28, 2022

Free Commentary

Forecasts of even lower than expected production in South America have given bean bulls a new lease on life this week, which in turn has helped to lift all the boats in the harbor. If we closed right now, corn would have gained 14-cents for the week, Chicago wheat would…

Jan 28, 2022 | For Members

Daily Comments

Jan 27, 2022

Free Commentary

We have very solid weekly export sales to report this morning and, in fact, a new marketing year high for wheat. For the week ending January 20th, we sold 676,700 MT or 24.9 million bushels of wheat. The Philippines were the top purchasers with 111.1k MT, followed by Nigeria, taking…