Apologies in advance to the 18th-century author that first published the original rhyme; Monday’s market is in your face, Tuesday’s market can often retrace, Wednesday’s market is full of woe, Thursday’s market has little to go, Friday’s market is not forgiving. Needless to say, I do not have a promising…
Market Commentary
Daily Comments
Lower crop ratings were all the incentive that buyers needed to carry corn and bean prices higher overnight. While a good/excellent rating of 61% in corn and 59% for beans would not suggest crop failure, each had slipped 3% during the week, and with little moisture in the forecast, shorts…
Daily Comments
With generally disappointing rainfall across the Midwest throughout the weekend, it would appear that the official 2023 weather market is upon us, most specifically in corn. Knowing that large speculators came into this month holding a fairly sizable short position, one has to suspect the majority of the buying has…
Daily Comments
If I were one of those “half-glass-full” types, I could lead off the comments this morning by saying; Weekly soybean export sales jumped 68% from the previous week. Of course, that would be looking at the numbers through rose-colored glasses, as 207,200 MT or 7.6 million bushels is really nothing…