Tuesday Undo? Dead Cat Bounce? Turnaround Tuesday? I guess we can throw just about any label we want on the action witnessed in the grain and soy trade thus far today, but it is nice to see a little recovery after a couple of days of punishing losses. While largely…
Market Commentary
Free Commentary
Back on June 30th, the USDA delivered bears in the grain and soy markets an unpleasant surprise via the acreage report that sent many of them scampering for the sidelines. During the next week, Managed Money purchased almost 60,000 contracts of corn, 31,400 soybeans, 30,600 soy meal, over 18,600 soy…
Daily Comments
Back on June 30th, the USDA delivered bears in the grain and soy markets an unpleasant surprise via the acreage report that sent many of them scampering for the sidelines. During the next week, Managed Money purchased almost 60,000 contracts of corn, 31,400 soybeans, 30,600 soy meal, over 18,600 soy…
Weekly Commentary
JULY 11, 2020 With weekly jobless claims consistently moving lower, unemployment figures improving, and many parts of the country emerging from lockdown, advocates of a V economic recovery had grown increasingly giddy. If one chooses to ignore the fact that the U.S. economy had received a $3.3 trillion-dollar injection from…