Market Commentary

While we appear to be struggling to extend higher, grain and soy markets did post solid closes last Friday and appear to have set the stage for additional recovery.  Be that as it may, with several critical USDA reports to be released between now and the end of the week,…

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A cursory glance at a chart of the combined grain and soy markets would suggest it has been a rather sour week, but individual commodities’ performance has been quite mixed.  If we closed right now, for the week, spot corn would have gained 3-cents, Chicago wheat would be down 28-cents,…

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While we may have spent five months moving in the other direction, since mid-March, we have seen the grain market post significant gains against soybeans.  Looking just at the relationship between May corn and May soybeans, after losing right at $2 to the bean market throughout that five-month time span,…

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Whoever coined the phrase, no news is good news, was obviously not involved in commodity markets.  Granted, most of us do not yearn for bad news, but as we have remarked many a time in the past, bulls need a steady supply of fresh fodder if they intend to maintain…

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There is most certainly a more optimistic tone in markets than there was 24 hours ago now.  One has to be pretty imaginative to come up with a story, particularly in the ag scene, that would provide a rationale for the strength, so for now, at least, I will chalk…

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