Commentary

Jul 28, 2022 | For Members

Daily Comments

The end-of-month rally in the grain/soy complex has extended once again, and outside of wheat bulls taking a moment to catch their breath yesterday, it has shown little sign of letting up just yet. The dominant feature that appears to be driving prices higher is the forecast for heat to…

Jul 27, 2022 | For Members

Daily Comments

During the overnight hours, the grain markets have extended this mini-rally into the third day but may be showing signs that the enthusiasm is waning just a bit. It is not that we have lacked any actual bullish news that has helped spur things along, as there remains a few…

Jul 26, 2022 | For Members

Daily Comments

A slightly larger drop in crop rating yesterday afternoon provided the incentive for a few more bears to call it a month, and we witnessed a gap higher in the corn and beans markets overnight. Considering we are not really all that far from recent lows, this gap does not…

Jul 25, 2022 | For Members

Daily Comments

We have arrived at the final week of August, and grain and soy markets have kicked it off with a nice rebound. Do keep in mind that for some contracts, we are coming from the lowest closes for the calendar year, and we have not been able to extend Monday…

Jul 23, 2022 | For Members

Weekly Commentary

It seems that every time we turn around, consumers have been slapped in the face with another discouraging report concerning inflation, which understandably has translated into some of the worst consumer sentiment readings we have seen since the great recession. The preliminary data was published by the University of Michigan…