Market Commentary

Arguably, beans were the only major commodity presented with positive news from the USDA last Friday, but you would never have imagined so by the closing performance.  Beans closed under pressure while both wheat and corn finished higher.  Is this one of the classic examples of a market peaking and…

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JUNE 10, 2022 When I read this morning that economists were expecting the CPI number for May to increase .7% over April, the first thought that popped into my mind was, do economists not use fuel to drive or buy groceries?  Maybe they have all moved to electric vehicles and…

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A week ago today, things were looking a bit glum in corn/wheat/bean town as a gang of wild and unruly bears had descended on the hamlet and were running roughshod overall many of the inhabitants. It turns out, though, that over the weekend, a new sheriff arrived in town to…

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While certainly not shocking, the negotiations that were being held in Turkey regarding allowing safe passage for Ukrainian grain through the Black Sea ended without any firm commitment yesterday.  Russia has maintained it would not stand in the way of movement but argued that it was Ukraine’s responsibility to clear…

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We appear to be suffering from the all too typical midweek lull in the news for the grain/soy markets this morning, but that has done nothing to temper the bulls’ enthusiasm, particularly in the bean trade.  Both old and new crop contracts have extended into higher highs for the individual…

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