Wheat Selling has carried over into a new week in December wheat, and we have slid to lower lows for the third session in a row. We appear to be looking at nothing more than a complex correction in the market, but with the oscillator still pointing lower, we could…
Market Commentary
Daily Comments
There are some who, I suspect, believe the USDA released their Requiem for the grain and soy markets yesterday. While the piece contained nary movement that you could identify as uplifting, I do not believe it sounded the death knell for this market quite yet. The final version will probably…
Daily Comments
Every business class in the world would warn against structuring your entire business model around a single customer, i.e., putting all your eggs in one basket, but that would certainly appear to be the situation for the export market for the U.S., with China being that dominant client. Be that…
Daily Comments
While it may be little more than turnaround Tuesday action in the grains this morning, they are under pressure while bean bulls are desperately trying to cling onto their recent gains. Overall, the picture for the group looks slightly encouraging, but for that to remain the case, I suspect the…