Commentary

Mar 10, 2023 | For Members

Daily Comments

Led by the grains, this has turned out to be a dismal week for the grain/soy trade, as we have seen the group press down to the lowest level traded since August of last year. At present, for the week, May corn has lost 30-cents, Chicago May wheat is down…

Mar 09, 2023 | For Members

Daily Comments

Uncle Sam gave the beans bulls a minor boost yesterday but disappointed those in the grain pits, but as is typical, we have moved beyond that data, and the market is searching for something else to feed on. First, we have Conab providing updates for Brazilian crops, but this is…

Mar 08, 2023 | For Members

Daily Comments

Pre-report positioning could be responsible for some of the defensive trade we witnessed yesterday, but I suspect a portion of it could be due to the fact that fresh and inspiring news has been hard to come by as of late. No, the weather in Argentina has not improved, and…

Mar 07, 2023 | For Members

Daily Comments

The grain and soy markets continue to tread quite divergent paths, and even more specifically, wheat versus beans. Wheat pressed into lower lows for the year yesterday, and beans, while not quite up to new highs, are flirting with what has been the upper end of the range for the…

Mar 06, 2023 | For Members

Daily Comments

With little fresh news to kick off the trade for the week, markets have decided to take another swig from the Argentine drought cup, which was enough to lift the beans higher on the open, but the strength appears to have been rather fleeting. Some are now speculating that the…