Commentary

Aug 31, 2023 | For Members

Daily Comments

And seemingly, just like that, we have completed another month. If we were to wrap things up right now, for the month, December corn will have lost 30-cents, December Chicago wheat down 93-cents, and KC down $1.08, leaving beans with the only positive performance: November futures are up 53-cents. While…

Aug 30, 2023 | For Members

Daily Comments

While I would like to say that I can only write comments like this once in a Blue Moon, that would only be true astronomically because outside of that, this is a very typical Wednesday. In fact, there is very little fresh news around. Outside of Idalia making landfall in…

Aug 29, 2023 | For Members

Daily Comments

Bulls in the grain/soy markets appear to be having a difficult time rolling out of bed this morning as we have defensive trade showing up across the screen at this time. Be that as it may, none of these markets are moving outside of recent parameters, and considering that we…

Aug 28, 2023 | For Members

Daily Comments

As Yogi Berra famously said, “It’s déjà vu all over again.” Like a week ago today, the bean market has gapped higher to kick off the trade overnight. Of course, a week ago, they were unable to sustain the strength over the next few sessions, denying us with a possible…

Aug 25, 2023 | For Members

Daily Comments

While the gains have come primarily in beans, with KC wheat playing a minor supporting role, the grain/soy group is on track to close higher for the week, and the overall technical picture would appear to suggest there will be more to come. This is not to imply we have…