Market Commentary

Daily Comments

We experienced an excellent rebound in corn sales last week, coming in just above the upper end of estimates.  For the week ending the 18th, we sold 1,299,900 MT or 51.2 million bushels of corn.  This was nearly 2.6 times greater than the previous week and was 74% above the…

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Daily Comments

With wheat and corn leading the charge, the grain/soy complex has put on a rather encouraging performance this week.  While the group has not quite been able to push into new highs for the calendar year, we have now posted consecutive closes above moving averages for the first time since…

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Daily Comments

While it did not qualify as a panic, we did experience at least a mini-rush for the exits by the bears in the grain and soy markets yesterday.  Overnight follow-through has been somewhat limited, and we could be in store for a turnaround Tuesday setback.  That said, it would appear…

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Daily Comments

Grain and soy markets pulled off a nice recovery for the close last Friday.  While many quickly dismissed the action as little more than pre-weekend short-covering, these markets have tried to extend some of the strength now to kick off this new week, and once again, we are flirting with…

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Daily Comments

A rather glum week, or should I spell that weak, for the grain and soy sectors.  It is not that we witnessed any particularly bearish news, but nevertheless, prices have consistently lost ground, at least until some recovery in the overnight session.  As it stands, for the week, May corn…

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