Gauging from the market performance on the final day of May, one would be forgiven to suspect that a number of traders had dipped into the potato salad that was left out in the sun too long at the Memorial Day picnic. As a group, corn, wheat, and beans did…
Market Commentary
Daily Comments
We are just a few hours away from buttoning up another month, and this morning at least, we have the grains under pressure as stories continue to circulate about the potential for grain shipments from Ukraine, while beans have edged into higher highs for the year once again. If we…
Daily Comments
Up until today, the majority of the bullish action had been reserved for the bean market this week, but it would appear that corn and wheat have now decided to join in the festivities. Granted, in the composite, we have still not really gone anywhere. Still, the overall action should…
Daily Comments
Markets anticipated lackluster export sales for last week and were certainly not disappointed, and I do not mean that is a good way. For the week ending May 19th, corn sales of the current marketing year set another marketing year low at 151,600 MT or 5.97 million bushels. This was…