After swooning a bit last week, grain and soy markets have witnessed two-side action this morning, but bulls have failed to find much traction at this time, and prices have begun to slip backward. Be that as it may, it would seem unlikely that bears will really begin to muscle…
Commentary
Daily Comments
While we have recovered some at this time, grain and soy markets slipped lower again overnight and appear lost for direction at this point. The reports released last Friday have been well kneaded into the dough by this time, and Uncle Sam will not provide updates on production and supply/demand…
Daily Comments
Yesterday’s performance in grain and soy markets was reminiscent of a young calf let out into the pasture when spring had finally arrived. At first, they leap for joy, celebrating the possibilities of what lay before them, but after jumping about a bit, they recognize things are not all that…
Daily Comments
There were no shocking, outside-of-the-range type revelations in the reports issued by the USDA last Friday, but they did provide a little fodder for both bulls and bears. Wheat stocks were a smidge higher than expected, as were acreage estimates for corn and wheat. In turn, corn and bean stocks…