Market Commentary

There were no shocking, outside-of-the-range type revelations in the reports issued by the USDA last Friday, but they did provide a little fodder for both bulls and bears.  Wheat stocks were a smidge higher than expected, as were acreage estimates for corn and wheat.  In turn, corn and bean stocks…

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Grain and soy markets appear set on finishing the month on an upbeat, but Uncle Sam will have something to add to the equation before the closing bell has sounded.  At present, nearby corn is up 11-cents for the week, Chicago wheat is now up 5-cents, KC wheat is up…

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You would not often consider a million tonnes of corn sales disappointing, but that will be viewed as the case this week.  For the week ending the 23rd, we did record net sales of 1,036,400 MT or 40.8 million bushels, but that was towards the lower end of expectations.  This…

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Grain and soy markets extended their end-of-month recovery again overnight, but soybeans and their offspring appear to be showing preliminary signs of exhaustion.  There is always a chance that Uncle Sam will provide something to inspire the bulls in that sector, but if he fails to deliver, this story may…

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Quite a solid performance across the grain and soy markets to kick off the week, and we have seen prices extend those gains this morning.  Given the fact that we are just a few days away from completing the end of a month and quarter and have a trifecta of…

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