Market Commentary

After a glum kickoff for the week, grain and soy markets recovered quite nicely for the close yesterday, with a number of them extending gains into this morning.  I fail to see much of anything in the news that would provide inspiration for the bulls, and in fact, just the…

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We have entered the final full week of trade for the month of May, and after some initial weakness during the overnight hours, grain and soy markets appear to be trying to stabilize. Of course, with the exception of KC wheat, this follows drives into lower lows for the year.  While…

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Due to an early departure time Friday morning, there will only be technical comments published for the 19th. Wheat July wheat closed lower for the third session on Thursday and has now pushed into close striking distance of the equal leg target at 6.04 ½ and the May 3rd reaction…

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Nothing like adding insult to injury.  While all within line with expectations, the weekly export sales report will have done little more than rub salt into the wounds of the beaten and battered bulls.  During the week ending the 11th, we have a net reduction in corn sales to the…

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It is widely believed that a bear’s sense of smell is even greater than a dog’s, and several species can smell blood as far as 20 miles away.  It would appear that the dreaded corn/soy bear detected that sent emanating from bulls yesterday and went into full attack mode.  It…

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