Commentary

It is probably not politically correct to use this metaphor anymore, particularly seeing that opera singers today are often rather svelte. Still, in light of the action, we are witnessing in the grain and soy markets, it is beginning to appear that the fat lady has taken the stage for…

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As expected, the corn and bean harvest pace was slowed down but not brought to a complete halt last week. Corn still moved ahead 8% points to 74% complete, which coincidently is 8% ahead of the 5-year average. Bean harvest moved forward 6% to 79% complete, leaving us 2% behind…

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New month, same pattern. We finished off October with a surge higher in corn and wheat while beans struggled, and it would appear that sentiment has bled over into the eleventh month of this calendar year.  Wheat continues to provide the leadership, with corn tagging along as a dutiful sidekick…

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