Grain and soy markets are trying to put on a happy face this morning, but overall, it has been a pretty miserable week for the lot. If we closed right now, December corn will have lost 25-cents, December Chicago wheat 51-cents, KC December 74-cents, and November beans would be down…
Market Commentary
Daily Comments
Obviously, the would-be buyers in the grain markets are not quite ready for prime time, as just about every corn and wheat contract posted an outside lower reversal yesterday. While I would not regard that performance as a harbinger of significant losses forthcoming, at least not for the time being,…
Daily Comments
During the overnight hours, the grain markets and specifically wheat, experienced a decent round of buying interest and, at one point, traded as much as 31-cents higher for the day and more than 40-cents above the session low. About the only thing I could find in the news that would…
Daily Comments
With the current weather runs calling for timely rains and seasonal temperatures for much of the corn/soy growing regions, prices have been under solid pressure to kick off the week, with a few contracts actually gapping lower. Keep in mind as well that this is the final day of the…