Had one stepped away from the grain and soy markets after the close on Wednesday this week, you might have been tempted to think we had just witnessed the final nail being pounded into the rally coffin for the year, with Uncle Sam delivering the blow. As it turns out,…
Market Commentary
Daily Comments
Uncle Sam has certainly been full of surprises over the past couple of weeks. After delivering generally bearish news on the production and supply/demand report yesterday, all the kids were marched out behind the woodshed for a bit of corrective punishment. While nearly all domestic numbers were negative, cotton ending…
Daily Comments
The soybean market has reached a crossroads of sorts. After shaking off last week’s overall disappointing performance, we now have August futures flirting with what has thus far been the highs for the year and the November contract moving to within striking distance of the same. Needless to say, bulls…
Daily Comments
With the July production and supply/demand reports still a couple of days away, the weather is the primary market driver this morning. There are no significant changes in the outlook. It should remain somewhat dry in the upper Midwest and too moist for hard wheat areas, but with generally moderate…