I have a travel conflict this morning so comments will be briefer than normal. As we all know, weather forecasts are just that and can change seemingly on a dime; the overnight runs have increased the chances for rains across the upper Midwest for next week. The shift has tossed…
Market Commentary
Daily Comments
Bulls already had enough feed in the bunk to keep them happily fed via the dry weather forecast, but then NASS came along with an extra supplement just to make sure they could maintain their appetite. While it should have come as no surprise that weekly crop rates would decline,…
Daily Comments
Undoubtedly, most everyone is familiar with the adage, The bigger they are, the harder they fall, possibly first coined after David hit Goliath on the noggin with a stone. Well, in the commodity world, we could adapt that slogan to the bigger the short position, the larger the advance once…
Daily Comments
Technical Comments only this morning Wheat A rather uneventful session for July wheat on Wednesday but the first lower close in 5 sessions. We lack confirmation if the test of the 6.50 level this week completed this recovery, but I suspect that may have been the case. A close now…