Market Commentary

Without question, the principal news story this morning originates from the macro/financial world.  After failing to secure a takeover by another financial institution, Treasury Secretary Janet Yellen announced that the FDIC would be fully protecting deposits at the failed Silicon Valley Bank, SVB, of Santa Clara, California.  This was the…

Read More

Read More

Led by the grains, this has turned out to be a dismal week for the grain/soy trade, as we have seen the group press down to the lowest level traded since August of last year.  At present, for the week, May corn has lost 30-cents, Chicago May wheat is down…

Read More

Read More

Uncle Sam gave the beans bulls a minor boost yesterday but disappointed those in the grain pits, but as is typical, we have moved beyond that data, and the market is searching for something else to feed on.  First, we have Conab providing updates for Brazilian crops, but this is…

Read More

Read More

Pre-report positioning could be responsible for some of the defensive trade we witnessed yesterday, but I suspect a portion of it could be due to the fact that fresh and inspiring news has been hard to come by as of late.  No, the weather in Argentina has not improved, and…

Read More

Read More

The grain and soy markets continue to tread quite divergent paths, and even more specifically, wheat versus beans. Wheat pressed into lower lows for the year yesterday, and beans, while not quite up to new highs, are flirting with what has been the upper end of the range for the…

Read More

Read More