Commentary

May 08, 2023 | For Members

Daily Comments

It would appear that the positive momentum that carried grain and soy markets to a higher close last Friday has carried through into this new week. KC wheat is leading the way with double-digit gains now this morning. While all of this sounds encouraging, do keep in mind that last…

May 05, 2023 | For Members

Daily Comments

During the first couple of days this week, it appeared there was little hope for recovery in the grain and soy markets as prices for the lot had been shoved down to the lowest point reached since early 2022. As the old saying goes, though, it is often the darkest…

May 04, 2023 | For Members

Daily Comments

Of the three major commodities, only wheat showed any improvement on this morning’s sales report. For the week ending the 27th, we sold 211,100 MT or 7.75 million bushels for the current crop year. This was 36% higher than the previous week and 14% above the 4-week average. Mexico was…

May 03, 2023 | For Members

Daily Comments

Things were looking a little bleak for the grain and soy markets by the time the closing bell had wrung on Tuesday, and indeed, overnight prices extended into lower lows once again. But, as the poet Alexander Pope wrote all the way back in the 18th century, “Hope Springs Eternal,”…

May 02, 2023 | For Members

Daily Comments

The soy complex looks determined to lead the grain markets out of the April funk they had fallen into, as they have extended their rebound overnight. As they say, a rising tide will lift all boats, assuming they do not have a gaping hole in the hull. While the March…