Fed Chairman Jerome Powell spoke in front of the Senate Banking committee this past Wednesday. When pressed about the heightened risk that the moves the Fed is now undertaking via higher interest rates and reverse QE could result in pushing the U.S. economy into a recession, he responded, “It’s not…
Market Commentary
Daily Comments
Grain bulls are staring at virtually empty feed bunks again this morning, and in response, more of them are existing their respective yards in search of better nutrition. Understandably for this time of the year, the weather has risen to the top of the ten most important things to watch…
Daily Comments
While the soy market continues to struggle with additional long liquidation this morning, corn and wheat appear to have found renewed buying interest. While this may be little more than Turnaround Tuesday type trade, even though it is coming about on a Wednesday this week, wheat especially has returned to…
Daily Comments
I was always under the impression that the Summer Solstice, which happens to be today, was a time for joyful celebrations. In Scandinavia, where the sun never sets at this time of year, they mark the occasions with dancing around the Maypole, bonfires throughout the night, and maybe even a…