Market Commentary

Daily Comments

Anyone who has been involved with commodity markets for any length of time knows that they can often act like a dog who is constantly being distracted by squirrels.  One will grab their attention for a while and may cause them to race in that direction, but ultimately, they grow…

Read More

Read More

Daily Comments

After beginning the week with a positive step forward, grain and soy markets appear to have lost their enthusiasm once again.  By no means have we collapsed, but with the confirmation of good planting progress at home, a lack of substantial new export business, and reports from Ukraine that planted…

Read More

Read More

Daily Comments

For a Monday morning, we have a surprisingly sparse lineup for news.  Snow in Colorado over the weekend and record heat in the northeast are the most significant weather features. For the Great Plains, the Midwest, and the southeast, the morning weather runs call for a continued “active” weather, so planting…

Read More

Read More

Weekly Commentary

“The floggings will continue until morale improves!” While no one is quite sure who came up with this bit of witty sarcasm, it very well could have been paraphrased by Fed Chairman Jerome Powell this past week.  Speaking at a Wall Street Journal event on Tuesday, he assured the crowd…

Read More

Read More

Daily Comments

This has turned out to be a disappointing week for bulls in the grain markets, particularly for those in wheat.  After gapping higher to begin the week and then accelerating into new highs, the gaps have been filled, and we are trading at the lower end of the range for…

Read More

Read More