After a few days of dormancy, the USDA reported a couple of export sales this morning, both for beans. China returned with a purchase of 121,000 MT, and 213,000 MT were sold to unknown destinations. While nice to see, there is little that would set the hearts of any bulls…
Commentary
Daily Comments
The optimism present 24-hours ago in the grain and soy markets is now just a faint memory, as prices are uniformly under pressure this morning. We are seeing little more than a continuation of congestion-type trade for corn and wheat, but soybeans and soybean oil have now found their way…
Daily Comments
It seems that we have arrived at the all-too-familiar midweek lull in the grain and soy markets, but this morning, there appears to have been something of a role reversal. Corn and wheat are trading defensively, while beans have posted meager gains. None of this really changes the current picture…
Daily Comments
Contrary to what you may have heard, the grain and soy markets can close higher, as was witnessed on Monday. The strength in wheat was mildly encouraging, less so in corn, as we still failed to push through critical resistance and downright anemic in beans. Only wheat has been able…