With only a day and a part left to complete the first month of 2023, bean traders appear intent on finishing things on an up note. I have been scratching around to try and find a solid reason for the optimism this morning, and so far, I have uncovered very…
Commentary
Weekly Commentary
It is difficult to pick up a business publication without finding at least one, if not several, economists predicting that the U.S. is headed for a recession sometime this year. I read one recently that expects growth in the first quarter to turn negative, while many seem to think it…
Daily Comments
Weekly export sales for the week ending the 19th of January fell in line with expectations, but we were respectable for the three major commodities. At 910,400 MT or 35.8 million bushels, corn sales were down 20% from the previous week but were still 46% above the 4-week average. Not…
Daily Comments
While we have seen reasonable moves in the grain and soy markets over the past couple of months, spreads are really where we have witnessed some of the most dynamic swings. Since December, the March/December corn spread moved from around $.45 premium the December to now more than $.85 premium….