Commentary

Jul 25, 2023 | For Members

Daily Comments

Grain and soy markets evidently became “overheated” yesterday and have taken a little time overnight to cool off. Sorry, sometimes I cannot help but toss out the dad joke, much to the dismay of my children and grandchildren. Thus far, the action would appear to be little more than…

Jul 24, 2023 | For Members

Daily Comments

The famous, or is that infamous, running of the bulls in Pamplona, Spain, kicked off on the 6th of July this year, and it would appear they have now made their way across the Atlantic and have arrived in the grain and soy trade here. While the number of bears…

Jul 21, 2023 | For Members

Daily Comments

While the driving forces that have propelled the grain and soy markets higher this week, primarily a hot and dry weather outlook and uncertainty concerning grain movement from the Black Sea, have not changed, these markets are trading defensively this morning. For the week, December corn is still up 18-cents,…

Jul 20, 2023 | For Members

Daily Comments

After another impressive positive close for the grains and test of the calendar year highs in the beans trade, these markets appear to be showing signs of exhaustion this morning. By no means have we come apart, but after a 17% to 20% advance in corn and wheat (Chicago) and…

Jul 19, 2023 | For Members

Daily Comments

With the weather forecast pointing towards a shift to warmer and drier towards the end of this month, we appear to have a good old-fashioned weather rally taking place. Of course, when you add in reports of the hottest summer on record globally, as well as numerous other temperature records…