After an extended weekend, when trade kicked off this week, bulls appeared to be large and in charge in the grain and soy markets as we have since discovered, though, that newfound enthusiasm was rather fleeting. As it stands currently, for the week, nearby corn has lost 24-cents, Chicago wheat…
Commentary
Daily Comments
The only ag-related news of significance this morning has come via the USDA symposium. According to the economic models they have developed over the years, U.S. farmers should plant 91 million acres of corn this year. This would be up from 88.6 million in 2022. The trendline yield is pegged…
Daily Comments
After kicking off the week on a rather positive note, by the time the closing bell had rung yesterday, the various instruments sounded out of tune with each other and possibly were reading completely different pieces of music. Beans continued to play a happy tune, corn remained stuck on the…
Weekly Commentary
Two years ago, when inflation appeared to be picking up a head of steam, the most frequent word used to describe the climbing number was “transitory.” At that time, the PPI, or Producer Price Index, which reflects wholesale prices, had risen for nine consecutive months, but even then, it had…