Commentary

Oct 02, 2023 | For Members

Daily Comments

Despite the fact that the stocks figures for corn were below trade expectations, it was marched out behind the woodshed with the other grain and soy markets last Friday for a little bit of Grandpa’s discipline. It, at least, did not press into lower swing lows, which cannot be said…

Sep 29, 2023 | For Members

Daily Comments

While I am not going to go so far as to label it Triple Witching, which over in the equity trade happens when stock options, stock index futures, and stock index options all expire on the same day, we do have a trifecta of sorts in markets today nevertheless; The…

Sep 28, 2023 | For Members

Daily Comments

Wheat was the standout in the weekly export sales report, as the net came in just above the high end of estimates. For the week ending the 21st, we sold 544,500 MT or 20 million bushels. This was up 77% for the week and was 51% above the 4-week average. …

Sep 27, 2023 | For Members

Daily Comments

Wheat December wheat was able to poke through the 21-day moving average on Tuesday briefly but was unable to remain above that mark at the closing bell. All is not lost, though, as we still have oscillators pointed higher, so we could still witness another day or so of positive…

Sep 26, 2023 | For Members

Daily Comments

It was a positive start for the week in wheat as December futures have bounced back to test the 13-day moving average and matching the highest close recorded last week. Oscillators have turned higher, so bulls should have a little tailwind, but resistance should be tough at 5.96 and then…