Market Commentary

Famed architect and urban planner Daniel Burnham once said, “Make no little plans.  They have no magic to stir men’s blood…” Obviously, traders in the wheat market have taken this message to heart this year but reinterpreted it to make no small trading ranges.  July futures recorded a nearly 50-cents…

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It’s a new dawn It’s a new day It’s a new life for me, ohh And I am feeling good.  Many of you may recognize these words as part of the refrain from the song, Feeling Good, which was made popular by Nina Simone, Michael Bublé, and a host of…

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June 4, 2022 As expected, job creation in the United States did slow a bit during the month of May, with 390,000 people entering the workforce.  This was the lowest increase we have seen since April of last year but was still above the 330,000 anticipated by economists and marked…

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While technically not the first full week of June, the month nevertheless has gotten off to a bit of a rough start.  If we wrapped it up right now, nearby corn would have lost $.49 for the week, wheat $1.12, and even after the semi-impressive bounce yesterday, beans are now…

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After a couple of days of punishing action in the corn and wheat markets, prices rebounded overnight, but one must suspect that it is little more than a dead-cat bounce.  As I pointed out a week or so ago, we were moving critically close to seeing the weekly MACD turn…

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