Commentary

Jul 18, 2023 | For Members

Daily Comments

I am traveling during the first two days of this week, and as such, comments will be briefer than normal. I can still hear my father’s voice saying, “Whoa, Hold Your Horses,” to my brothers and me when we were getting a bit too rambunctious, and we would quickly pull…

Jul 14, 2023 | For Members

Daily Comments

Had one stepped away from the grain and soy markets after the close on Wednesday this week, you might have been tempted to think we had just witnessed the final nail being pounded into the rally coffin for the year, with Uncle Sam delivering the blow. As it turns out,…

Jul 13, 2023 | For Members

Daily Comments

Uncle Sam has certainly been full of surprises over the past couple of weeks. After delivering generally bearish news on the production and supply/demand report yesterday, all the kids were marched out behind the woodshed for a bit of corrective punishment. While nearly all domestic numbers were negative, cotton ending…

Jul 12, 2023 | For Members

Daily Comments

The soybean market has reached a crossroads of sorts. After shaking off last week’s overall disappointing performance, we now have August futures flirting with what has thus far been the highs for the year and the November contract moving to within striking distance of the same. Needless to say, bulls…

Jul 11, 2023 | For Members

Daily Comments

While you would not know it by glancing at the action in the corn and bean markets this morning, crop conditions did finally show a bit of improvement last week. Corn rating perked up 4% to 55%, good to excellent, and beans improved 1% to 51%. The exception to the…