Commentary

While there was nothing outlandish contained within the USDA reports released last Friday, much like November figures, this report was a stark reminder that barring a significant weather disruption in South America; there is little that bulls in the grain and soy markets have to look forward to.  This is…

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For the second week in a row, the wheat markets have tried to lead the way into higher ground for the grain/soy group, but corn and beans have been somewhat reluctant followers.  If we wrapped up trade for the week right now, Chicago March wheat will have gained 35-cents and…

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In light of the outstanding numbers posted the previous week, it was unsurprising to see lower export sales in the latest report, but the figures were still quite respectable.  For the week ending the 30th of November, we sold 1,288,900 MT or 50.75 million bushels of corn.  This was 33%…

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The wheat markets have shown us the best advance they have posted since summer and, in the process, have tugged corn along for the ride.  Beans, in turn, have continued to struggle, but the group as a whole has reached up to levels last seen in mid-November. Overall, we are…

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While there will be no changes in the domestic production estimates in the December USDA report, they will tweak the demand number and provide updated guesstimates for South American crops.  The report will be issued this coming Friday, and here are average trade estimates.  Domestic ending stocks for corn are…

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