Market Commentary

I will be traveling through Thursday this week, so morning comments will be briefer than usual. With an exception here and there, the performance on Friday in the grain and soy markets can be pretty well summed up with one word: disappointing.  Any positive boost they received from the USDA…

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While some have attributed the saying to Mao Zedong, around nineteen hundred years before he uttered the words, the apostle James wrote, But a tiny spark can set a great forest on fire (James 3:5).  Regardless of who used it, it would appear to be an apt metaphor for what…

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There is really only one news item that markets are fixated on this morning.  The ongoing bed bug infestation in Paris, Sacre Bleu! Just kidding, of course, that is unless you happen to be staying there right now.  This morning’s real focus for markets is the October USDA reports that…

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After a few days of dormancy, the USDA reported a couple of export sales this morning, both for beans.  China returned with a purchase of 121,000 MT, and 213,000 MT were sold to unknown destinations.  While nice to see, there is little that would set the hearts of any bulls…

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The optimism present 24-hours ago in the grain and soy markets is now just a faint memory, as prices are uniformly under pressure this morning.  We are seeing little more than a continuation of congestion-type trade for corn and wheat, but soybeans and soybean oil have now found their way…

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