Commentary

Feb 10, 2023 | For Members

Weekly Commentary

We have seen quite a considerable amount of press during the past week concerning the rising credit card debt in the United States. As of the 4th quarter of 2022, the total debt on credit cards reached a record $930.6 billion, eclipsing the 2019 record set at $927 billion. This…

Feb 10, 2023 | For Members

Daily Comments

Seasonal traders will often talk about a February low in the grain and soy markets, but thus far, at least this year, it might be more appropriate to label the action as the February “lull.” If we wrapped up the action for the week right now, corn would have lost…

Feb 09, 2023 | For Members

Daily Comments

Outside of the domestic bean ending stocks that were a smidge higher than the average trade estimates and a larger-than-expected haircut for Argentine crops, the was little from Uncle Sam yesterday to inspire either bulls or bears in the grain markets. The net result is we are left stranded within…

Feb 08, 2023 | For Members

Daily Comments

I am not sure I can go so far as to say it was the warmup act before the headline performer, but Conab did publish updated Brazilian crop estimates this morning, ahead of the USDA report. They pushed their bean number up just a touch to 152.889 MMT but decreased…

Feb 07, 2023 | For Members

Daily Comments

We still have to remain patient another day for the February updates from the USDA, Stats Canada provided a primer this morning with December 31st stock estimates. All wheat came through at 22.294 MMT versus an expected 22.3. Barley stocks totaled 5.072 MMT, compared with the expected 4.5; canola was…