Market Commentary

While I would not go so far as to label yesterday’s advance in the grain and soy markets a “one-hit wonder,” gauging from the overnight action, it obviously did not set off any alarm bells in the bear camp. As it turned out, wheat was really the only market that…

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I am not sure when the last time I was able to say this was, but we have general strength across the grain/soy markets as we kick off this new week.  Unless it is being hidden in plain sight, I can find little in the news that would provide a…

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If anyone scoffed at the idea of a seasonal “February Break” in the grain and soy markets, all they need to do is look at the action here in 2024.  According to lesson 8, Understanding Seasonality in Grains, under the Introduction to Grains and Oilseeds on the CME website, a…

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To kick off the USDA’s 100th annual Agricultural Forum, they released projected acreage/production figures for 2024.  Before you scoff at these statistically generated figures, I would point out that for acreage especially, this estimate is often quite close to reality. While the USDA can often be a target for snarky…

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If there had been any thought that bears were satisfied with the punishment they have dealt out the grain and soy markets over the past two years, that was pretty well dispelled overnight as we have seen a number of contracts extend into lower lows once again.  It is really…

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