Market Commentary

It is not all that often that one can say that markets performed rationally, particularly as of late, but let’s give credit where credit is due.  The grain and soybeans market acted just as you would have expected in light of the information published by the USDA yesterday.  March 1st…

Read More

Read More

While the headliners are not scheduled to take the stage for a few hours yet, weekly export sales are here to warm up the crowd.  First up, we have wheat, and their performance is not eliciting too many cheers from the bull section of the audience.  For the week ending…

Read More

Read More

There were moments yesterday when it appeared that all the longs in the grain and soy markets were going to be marched out behind the woodshed for a severe lashing, but quite a few of them slipped out of the hands of ma and pa and made it back to…

Read More

Read More

For a moment or two, it appeared as if the war in Ukraine had been displaced from the headlines by the “slap heard round the world” from Sunday night.  Karl Marx once wrote that religion is the opium of the masses, but obviously, he was little aware of the influence…

Read More

Read More

A week ago today, it seemed that the primary focus in many commodity markets was on preparing for an extended war in Ukraine and the need to add additional risk premium as a buffer against that prospect. While it would be a stretch to say those concerns are behind us,…

Read More

Read More