While it does not appear to have sparked any significant selling, the performance in the grain and soy markets yesterday must have come as a disappointment for a number of bulls. Granted, nearby corn and beans did poke into higher highs for the year, but failure to sustain that strength…
Market Commentary
Daily Comments
As it turned out, the bulls still have a bit of kick left, as after the discouraging opening yesterday, those sly devils were able to post a reasonably impressive reversal to the upside. Both corn and wheat recorded outside higher daily reversals, and old-crop beans reached the highest levels traded…
Daily Comments
After posting a moderately impressive performance in response to last week’s USDA data, markets have failed to extend their enthusiasm as we begin this new week. It is not unusual to see market psychology shift a bit over an extended weekend, and by no means is the action we have…
Weekly Commentary
This week, we were confronted with the age-old question, “Is the glass half full or half empty?” I have been accused of seeing things from a half-empty perspective many times throughout the years, which I find entirely unwarranted. I prefer to think of myself as an open-minded pragmatist. If you…