While hardly a surprise, a 4% dip in the good/excellent rating for corn and a 5% haircut in beans help shore up prices overnight in these markets, but the strength was fleeting, and the selling has since resumed. For now, at least, it would appear that the trade is more…
Market Commentary
Free Commentary
A week ago today, grain and soybean markets gapped higher to begin the week, and the bulls must have been feeling pretty comfortable with the notion that they were in charge. Of course, as my mother always warned me, when you begin to believe you have everything in your control,…
Daily Comments
A week ago today, grain and soybean markets gapped higher to begin the week, and the bulls must have been feeling pretty comfortable with the notion that they were in charge. Of course, as my mother always warned me, when you begin to believe you have everything in your control,…
Free Commentary
Carrying on with the semi-biblical allegory I used yesterday, it would appear that “gov” does indeed giveth and taketh away. With the release of the June report, it gaveth some encouragement to the corn market with increased usage and lower domestic and global ending stock, but tooketh away part of…