Market Commentary

I will be traveling through the 25th, so the Daily Comments may be briefer than usual between those dates.   Brazil continues to dominate the beans trade with China.  During the first two months of this year, China imported 6.96 MMT of beans from Brazil, which was up 211% from the…

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Wheat The Monday rally in May wheat recovered the previous two days’ losses and has taken this contract back for a test of the 13-day moving average. While it was a nice performance, until we can reach up and begin to close above 5.56, it will still fail to confirm…

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I will be traveling through the 25th, so the Daily Comments may be briefer than usual between those dates. Not a tremendous amount of excitement as we kick off the week in the grain/soy markets.  Corn and wheat are higher, and beans started out the evening higher but has since…

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While grain and soy markets did make some positive headway during the week, as is often typical with an initial bounce from a low, the strength could not be sustained.  If the closing bell were to ring right now, for the week, May corn would have lost 5-cents, Chicago wheat…

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Corn export sales continue to chug along at a respectable pace.  During the week ending the 7th of March, we sold another 1,283,400 MT or 50.5 million bushels.  This was 16% higher than the previous week and 19% above the 4-week average.  Japan was the top buyer with 346.1k MT,…

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