“I never met a man I didn’t like.” – Will Rodgers-1927. “I never met a corn contract I didn’t want to short.” – Large Specs-2020. While they have not quite reached record levels just yet, it would appear that large speculators are living by that slogan this year. According to…
Market Commentary
Weekly Commentary
JUNE 12, 2020 Why, thou art nothing but a Lumpish, Dismal-Dreaming Gudgeon. No? Well then possibly, Gorbellied, Flap-mouthed, Fustilarian. Still too Shakespearian? Okay, then why not revert to good old American slang; You Party-Pooper. Now, do keep in mind, I am not hurling these verbal insults toward anyone, I am…
Free Commentary
With the exception of global wheat ending stocks at the end of the 2020/21 crop year, which, without question were bearish, the rest of the numbers on the June production and supply/demand report were not significant. Yes, the USDA seems to be the lone holdout in not reducing corn and…
Daily Comments
With the exception of global wheat ending stocks at the end of the 2020/21 crop year, which, without question were bearish, the rest of the numbers on the June production and supply/demand report were not significant. Yes, the USDA seems to be the lone holdout in not reducing corn and…
Free Commentary
Yesterday afternoon, Fed Chairman Jerome Powell delivered a rather gloomy forecast for the U.S. economy for the next couple of years. This, in turn, appears to have burst the bubble in the equity markets that has recently been inflated by ideas of a V recovery and, more recently, a jobs…