I am traveling on Wednesday and Thursday this week, so comments will be briefer than usual. The USDA has stated that they will be looking at their own data, as well as that from FSA and the RMA, concerning planted and harvested acreage figures for barley, oats, and wheat for…
Commentary
Daily Comments
Grain and soy markets are trying to put on a happy face this morning, but overall, it has been a pretty miserable week for the lot. If we closed right now, December corn will have lost 25-cents, December Chicago wheat 51-cents, KC December 74-cents, and November beans would be down…
Daily Comments
Obviously, the would-be buyers in the grain markets are not quite ready for prime time, as just about every corn and wheat contract posted an outside lower reversal yesterday. While I would not regard that performance as a harbinger of significant losses forthcoming, at least not for the time being,…
Daily Comments
During the overnight hours, the grain markets and specifically wheat, experienced a decent round of buying interest and, at one point, traded as much as 31-cents higher for the day and more than 40-cents above the session low. About the only thing I could find in the news that would…