Commentary

Not unexpectedly, grain and soy markets swooned a bit yesterday, taking a respite after Monday’s USDA-inspired enthusiasm.  The question now would seem to be, was this typical turnaround-Tuesday type action allowing bulls to catch their collective breath, or will Monday join the ranks of one-hit-wonders, such as Play that Funky…

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It turns out that Trickster Tom and his band of USDA magicians still had a few tricks left up their sleeves as the USDA provided soy and grain markets with a bit of a jolt yesterday.  I would be willing to bet that if you asked most analysts pre-report where…

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Once again, we have all gathered at the foot of Mt. DC and await commandments from on high.  With little else to keep the masses entertained, it would appear that a few of them have decided to abandon their positions and have retreated to perceived safety on the outskirts of…

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SEPTEMBER 10, 2022 While I would hesitate to call it a charm offensive, members of the Federal Reserve were out in force during the past week, seemingly laying the groundwork for the next rate hike.  The meeting itself will not commence until the 20th of the month, but we have…

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As it turns out, we may be able to build a little risk premium into the grain/soy complex this week (emphasis grains) after all.  If we wrapped things up right now, December corn would have gained 8-cents for the week, December wheat 36-cents, but November beans will have lost around…

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