In yesterday’s letter, I commented that we would see weekly export sales in the morning, “assuming” the FAS had worked out the bugs in their new system. Of course, we all know what can happen when you assume things. As it turns out, there are evidently a few kinks that…
Commentary
Daily Comments
The corn and wheat markets mildly impressive rallies to kick off the week, trading up to the highest levels witnessed since early July, but gauging from the action this morning, it has done little to frighten many a bear. While there is a possibility that the pressure this morning is…
Daily Comments
Markets will almost always tend to react to the most current news at hand, particularly when there is little to choose from, and at present, that has been the estimate from the Pro Farmer crop tour. With a corn figure of 13.759 billion bushels versus the current USDA estimate of…
Weekly Commentary
Much of the chatter in the financial world this week centered on what Fed Chairman Jerome Powell might have to say at the annual Jackson Hole Symposium, which to a certain extent, overshadowed a couple of economic updates that were released prior to the event. While I recognize at times,…