The rush to inject risk premium back into corn and wheat markets appears to have subsided this morning, but beans have picked up the rally mantle and have begun to charge ahead. Of course, this has little to do with the uncertainty of what may happen next in the Black…
Commentary
Daily Comments
There is only one story of note in the grain and soybean markets this morning, and that is the surprise announcement on Saturday that Russia no longer intends to honor the UN-brokered grain deal for the Black Sea, let alone negotiate an extension. Realistically, this should not come as a…
Weekly Commentary
Sitting down at my keyboard once again, confronted with the prospect of writing about inflation, GDP, or what Jerome Powell and his companions may be doing next, I was feeling rather uninspired. Call it writer’s block if you wish, but it seems that there is little new we have learned…
Daily Comments
Wheat sales have finally perked up a bit. During the week ending the 20th, we sold 533,200 MT or 19.6 million bushels. This was an improvement of nearly 330% from the previous week. The top buyers were South Korea taking 109.5k MT, unknown destinations with 91k, and then the Philippines…