Export sales slid for all three major commodities last week, but only soybeans came in below the lowest trade estimates. For the week ending the 28th, we sold 194,200 MT or 7.14 million bushels of beans. This was 26% below the previous week and 54% under the 4-week average. New…
Market Commentary
Daily Comments
It would appear that bulls got their noses put a bit out of joint with the release of the USDA reports last week but returned to exact revenge yesterday. It is estimated that funds were sellers of around 10,000 contracts of corn, taking their net short position to around 255,000…
Daily Comments
Corn and, to a lesser extent, wheat were given a dose of positive medicine last Thursday, but obviously, its effects wore off over the weekend. Prices have slipped backward as we begin this new week/month. This is not to say that we will not eventually see an overall improvement in…
Daily Comments
While by no means a surprise, trade in the grain/soy markets has been rather subdued this week. The combination of end of month/quarter, anticipation of a trio of reports from Uncle Sam, and the extended weekend have worked together to keep many on the sidelines. If we closed right now,…