Market Commentary

While there will be no changes in the domestic production estimates in the December USDA report, they will tweak the demand number and provide updated guesstimates for South American crops.  The report will be issued this coming Friday, and here are average trade estimates.  Domestic ending stocks for corn are…

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When viewed from a longer-term chart, the recent weakness in corn does not appear to be all that significant, but without a doubt, it has become the weak link in the grain/soy complex.  For the most part, we are doing nothing more than floating along at the 4.60/4.50 zone, and…

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We witnessed something of a role reversal yesterday as the grain market rallied while beans stumbled.  The group is still clinging to a possible weekly gain, but wheat has taken its turn as the upside leader.  If we closed right now, for the week, Chicago March wheat would be up…

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We are now just a few hours away from wrapping up the eleventh month of this year and combined, the grain and soy market will have done little.  If the closing bell were to ring right now, for the month, March corn would have lost 16-cents, March Chicago wheat down…

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Some call it hump day, while I prefer the more literal German word, Mittwoch, to describe Wednesday, but no matter what you call it, we often are devoid of fresh news by the time we reach the middle of the week, and this week is no exception.  Keep in mind…

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