Outside of the weather issues in Brazil, which appear to have been largely ignored by markets, it would be difficult to find too many stories/opinions concerning the grain and soy markets that would be encouraging. While there is no precise measure as to when we have reached “peak” bearish, one…
Market Commentary
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Arguably, beans were the only major commodity where both domestic and global ending stocks were higher than trade expectations on yesterday’s report. Yet, it was the one market that did close higher for the day. One could defend that performance by pointing out the fact that the USDA estimate for…
Daily Comments
There would appear to be no question that bears remain at the controls in the corn and soybeans markets as they have driven the nearby contracts into lower lows yet again. These markets gapped lower when we kicked off this year, which coincidently was at nearly the same level they…