While it is nice to see a bit of green splashed across my quote screen this morning, as a whole, grain and soy markets are doing little more than treading water at this time and obviously could use a fresh stimulus to move us out of the doldrums. It is…
Market Commentary
Daily Comments
While I do not imagine too many bears feeling threatened by the performance, for the second week in a row, the grain/soy group is positioned to close higher. If we wrapped things up at this moment, March corn would have gained just over 1-cent, March Chicago wheat 9-cents, KC wheat…
Daily Comments
Technical Comments Only Today Wheat March wheat largely appears to have stabilized during the past few sessions and evidently is waiting for something to provide direction moving forward. If we see a higher close on Thursday, oscillators will turn positive again, shifting the advantage back to the bulls. Resistance should…
Daily Comments
Despite the fact the buying yesterday was primarily month-end short-covering and may have been amplified by lighter-than-average volume, it was a semi-impressive turnaround in the grain and soy markets, nevertheless. We have not witnessed any follow-through to speak of as of yet, and it would not be a surprise to…