While it would be premature to jump to a final conclusion, the performance in new crop corn and beans this week would appear to suggest that the bloom is off the bull rose. Maybe not a great example as that would allude to a drying plant, but after extending to…
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Daily Comments
I have a travel conflict this morning so comments will be briefer than normal. As we all know, weather forecasts are just that and can change seemingly on a dime; the overnight runs have increased the chances for rains across the upper Midwest for next week. The shift has tossed…
Daily Comments
Bulls already had enough feed in the bunk to keep them happily fed via the dry weather forecast, but then NASS came along with an extra supplement just to make sure they could maintain their appetite. While it should have come as no surprise that weekly crop rates would decline,…
Daily Comments
Undoubtedly, most everyone is familiar with the adage, The bigger they are, the harder they fall, possibly first coined after David hit Goliath on the noggin with a stone. Well, in the commodity world, we could adapt that slogan to the bigger the short position, the larger the advance once…