Market Commentary

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Daily Comments

While the overall results will be a bit mixed, grain and soy markets appear determined to wrap up the week on a positive note.  I guess the forecast for 100-degree temperatures in the western corn belt next week still has the ability to spur on a bit of risk premium…

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Daily Comments

It turns out that sales for new crop beans last week were even better than expected.  During the week ending the 10th, we sold 1,407,500 MT or 51.7 million bushels.  Of this total, 66%, or 940k MT, were to China, with the next 18% or 258k to unknown destinations.  Mexico…

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Daily Comments

I am unsure who smuggled in the hemlock, but with the exception of the soy oil market, the rest of the row crops, as well as livestock markets, took a sip from a poisonous cup yesterday.  The quantities ingested do not appear to have been fatal, as most of these…

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Daily Comments

Things are looking a bit glum in the grain and soy markets this morning as bulls have very little to provide them with much to look forward to.  The is quite a bit of heat in the current weather outlook.  Europe, the Western CIS, and nearly the entire United States…

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Daily Comments

Outside of yield figures that were a smidge below trade estimates and 20 million fewer beans on hand at the end of the next marketing year, bulls found little inspiration in the reports released last Friday, and markets responded as if someone had just lost the family pet. Soybeans have…

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