Due to travel conflicts again this morning, only technical comments will be published. Turns out, there is little newsworthy that has not been discussed already. Export sales in the morning, which should not be very inspiring for the grain markets. Wheat Bulls in July wheat finally banded together and…
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Daily Comments
It would appear that the positive momentum that carried grain and soy markets to a higher close last Friday has carried through into this new week. KC wheat is leading the way with double-digit gains now this morning. While all of this sounds encouraging, do keep in mind that last…
Weekly Commentary
Me: During September, job growth slowed down to 263,000 new positions. Not only was this below expectations, but it was also down from 315,000 last month, and year to date, we are averaging 420,000 new jobs per month, compared with 562,000 on average each month in 2021. Is this telling…
Daily Comments
There was a faint glimmer of hope late last week that the ongoing negotiations between Ukraine and Russia could produce something positive over the weekend. Seeing that was not the case, commodity markets are on a mission to restore risk premium this morning. Evidently, Russia’s idea of a peace settlement…