Commentary

Apr 11, 2024 | For Members

Daily Comments

While it is almost sad to say, the highlight for this week will be USDA reports, and to kick things off we have weekly export sales. The phrase that first came to mind after seeing the corn figure was “crash and burn.” For the week ending the 4th of April,…

Apr 10, 2024 | For Members

Daily Comments

This has been a rather uneventful week for the grain/soy markets thus far. I would try to blame it on the USDA reports scheduled for release on Thursday, but that would qualify as more of an excuse than an actual reason. I continue to believe the overall pattern is indicative…

Apr 09, 2024 | For Members

Daily Comments

Bean harvest in Brazil moved ahead by nearly 6% last week, reaching an estimated 79.3% complete. Last year, 81.8% were harvested, and the average for this date is 83.7%. It will be interesting to see what the USDA does with its production estimates later this week, as at the current…

Apr 08, 2024 | For Members

Daily Comments

We have witnessed a little two-sided action in the grain/soy markets to kick off the week, but at the moment I am writing these comments, most of these markets are trading in the positive column for the day. As a whole, they appear to lack the momentum needed to…

Apr 05, 2024 | For Members

Daily Comments

We have positive action in the grain and soy markets as we move in the final hours of trade for this, the first week of April, but were it not for Chicago wheat, it would have been a downer. If we closed at this moment, May corn would have lost…