U.S. farmers found a higher gear last week as planting progress was greater than the trade anticipated. As of Sunday, corn planting is estimated to have reached 49% complete, versus 42% on average, and beans 35%, compared with the average 21%. One of the most noteworthy states was Minnesota, where…
Market Commentary
Daily Comments
It would appear that the positive momentum that carried grain and soy markets to a higher close last Friday has carried through into this new week. KC wheat is leading the way with double-digit gains now this morning. While all of this sounds encouraging, do keep in mind that last…
Daily Comments
Of the three major commodities, only wheat showed any improvement on this morning’s sales report. For the week ending the 27th, we sold 211,100 MT or 7.75 million bushels for the current crop year. This was 36% higher than the previous week and 14% above the 4-week average. Mexico was…
Daily Comments
Things were looking a little bleak for the grain and soy markets by the time the closing bell had wrung on Tuesday, and indeed, overnight prices extended into lower lows once again. But, as the poet Alexander Pope wrote all the way back in the 18th century, “Hope Springs Eternal,”…