We still have to remain patient another day for the February updates from the USDA, Stats Canada provided a primer this morning with December 31st stock estimates. All wheat came through at 22.294 MMT versus an expected 22.3. Barley stocks totaled 5.072 MMT, compared with the expected 4.5; canola was…
Market Commentary
Daily Comments
It would appear that grain/soy markets are preoccupied and just a bit tense concerning the Chinese spy/weather balloon that was shot down over the weekend, but I suspect this is little more than a puff of hot air, pun intended. Sure, both nations have to put their particular spin on…
Weekly Commentary
During the final five months of 2022, the number of new jobs generated by the U.S. economy moved progressively lower. Certainly not unexpected, seeing that since the depths of the covid crisis, we have added over 25 million positions, and there were more than 2 million people employed at the…
Daily Comments
The combined grain and soy markets chalk up another week in the positive column, but the individual performances have not instilled a tremendous amount of confidence over in the bull camp. If we closed right now, for the week, nearby corn will have lost 6-cents and was pushed away from…