Solid export sales all around last week. Beginning with wheat, during the week ending the 8th, we sold 469,000 MT or 17.2 million bushels. This is 250% higher than the previous week. At the top of the list, we find unknown destinations taking 164k MT, South Korea with 89.4k, and…
Market Commentary
Daily Comments
While undoubtedly much to the chagrin of those responsible for moving it out of the way, the prayers of those asking for a White Christmas in this country’s upper plains and Midwest have been answered. I understand that the Black Hills of South Dakota have already received upwards of two…
Daily Comments
Due to morning travel, comments will be a bit shorter than usual this morning, which is probably just as well, considering the sparse amount of fresh news circulating this morning. While some dryness persists in the Rio Grande do Sul, weather conditions overall in Brazil remain favorable. According to AgRural,…
Daily Comments
Last Friday, the USDA informed us that we would have a little more corn domestically at the end of the marketing year than the trade expected, a few less beans, albeit unchanged from the previous estimate, and wheat was left unchanged as well, but slightly below estimates. Global ending stocks…
Weekly Commentary
This coming Tuesday and Wednesday, the FOMC will gather for its December meeting, and it is widely expected that they will be bumping the Fed Funds rate higher for the seventh time this year. Merry Christmas. Of course, the past four increases have been 75 basis points each, but many…