Market Commentary

It would seem that the trifecta of improved weather, impending government reports, and month/quarter end have provided the grain and soy markets with a nudge over the proverbial cliff this week.  Prices appear to have stabilized some overnight, which may suggest the worst of the liquation is over for now,…

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While it had been a fun ride for bulls in the grain and soy markets for the first three weeks of June, liquidation appears to be the name of the game at this time. During the past five sessions, the group has taken back nearly 50% of the gains earned…

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Did someone yell rain in a theater crowded with weather bulls?  Granted, this metaphor does not seem to carry the same sense of panic and terror as someone yelling fire in a theater, but I think you get the idea.  Despite the further deterioration in the weekly crop conditions update…

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It is almost hard to believe, but the first half of 2023 is nearly complete. Be that as it may, before we wrap up the month of June, we will see two important reports from the USDA; quarterly grain stocks and the final planted acreage estimate.  For the grain stock…

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While it would be premature to jump to a final conclusion, the performance in new crop corn and beans this week would appear to suggest that the bloom is off the bull rose.  Maybe not a great example as that would allude to a drying plant, but after extending to…

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