Due to morning travel, comments will be a bit shorter than usual this morning, which is probably just as well, considering the sparse amount of fresh news circulating this morning. While some dryness persists in the Rio Grande do Sul, weather conditions overall in Brazil remain favorable. According to AgRural,…
Commentary
Daily Comments
Last Friday, the USDA informed us that we would have a little more corn domestically at the end of the marketing year than the trade expected, a few less beans, albeit unchanged from the previous estimate, and wheat was left unchanged as well, but slightly below estimates. Global ending stocks…
Weekly Commentary
This coming Tuesday and Wednesday, the FOMC will gather for its December meeting, and it is widely expected that they will be bumping the Fed Funds rate higher for the seventh time this year. Merry Christmas. Of course, the past four increases have been 75 basis points each, but many…
Daily Comments
While beans get all the attention, up 47-cents for the week at present, the fuel for the strength was provided by soymeal. Spot futures have gained nearly $45 this week, reached the highest levels traded since mid-September, and have shown little sign of exhausting just yet. I would not be…