Commentary

Oct 18, 2023 | For Members

Daily Comments

I will be traveling through Thursday this week, so morning comments will be briefer than usual. We have reached midweek, and thus far, only the bean market has exhibited any positive life. It would appear that they are single-handedly trying to lift the group out of the doldrums (assisted by…

Oct 17, 2023 | For Members

Daily Comments

I will be traveling through Thursday this week, so morning comments will be briefer than usual. Harvest progress continues to remain ahead of pace, particularly for beans. Last week, producers harvested another 20%, with 62% of the crop now in the bin. This compares with an average pace of 52%. …

Oct 16, 2023 | For Members

Daily Comments

I will be traveling through Thursday this week, so morning comments will be briefer than usual. With an exception here and there, the performance on Friday in the grain and soy markets can be pretty well summed up with one word: disappointing. Any positive boost they received from the USDA…

Oct 13, 2023 | For Members

Daily Comments

While some have attributed the saying to Mao Zedong, around nineteen hundred years before he uttered the words, the apostle James wrote, But a tiny spark can set a great forest on fire (James 3:5). Regardless of who used it, it would appear to be an apt metaphor for what…

Oct 12, 2023 | For Members

Daily Comments

There is really only one news item that markets are fixated on this morning. The ongoing bed bug infestation in Paris, Sacre Bleu! Just kidding, of course, that is unless you happen to be staying there right now. This morning’s real focus for markets is the October USDA reports that…