With the July production and supply/demand reports still a couple of days away, the weather is the primary market driver this morning. There are no significant changes in the outlook. It should remain somewhat dry in the upper Midwest and too moist for hard wheat areas, but with generally moderate…
Commentary
Daily Comments
Had someone been assessing the close in the markets last Friday and looked over the acreage report released just a couple of hours earlier, no doubt they would have expected to see a positive performance for beans and negative for grains the following week. Of course, expectations and reality do…
Daily Comments
This is a holiday-shortened week, so, understandably, market volume has been lighter than normal, and price action maybe a bit more erratic, but that does not explain the dearth of fresh, ag-specific news that we have seen. Weekly export sales will be published tomorrow morning, but even there, it is…
Daily Comments
Weather will remain the primary focus for grain and soy markets as trade resumes from the post-4th of July break. Many regions of the corn/soy production witnessed moisture in the past week, but the upper Midwest and Northern Plains appear to have come up with the short end of the…
Daily Comments
Last Friday, I wrote, “Of course, before the closing bell rings today, Uncle Sam will present us with new and improved “word of gov” proclamations, which will no doubt tweak this number some, but I suspect nothing dramatic. (Famous last words?).” Needless to say, these were not literally my last…