While beans get all the attention, up 47-cents for the week at present, the fuel for the strength was provided by soymeal. Spot futures have gained nearly $45 this week, reached the highest levels traded since mid-September, and have shown little sign of exhausting just yet. I would not be…
Market Commentary
Daily Comments
Despite rumors to the contrary, bulls in the corn and wheat markets do still have a pulse. While one day does not a reversal make, after tracking generally lower since the first of November, we have seen these two markets rebound quite nicely this morning, and I suspect they are…
Daily Comments
The grain and soy markets have certainly gone their separate ways this week as beans are reaching up to challenge the upper end of the existing trading ranges while corn has pressed down to the lowest levels traded since late August, and spot Chicago wheat has not only violated the…
Daily Comments
While it appears to have had little impact on the grain markets this morning, one of the most interesting developments that has occurred over the weekend is that Beijing has begun to ease off on the zero-covid policy. It is interesting to note that the protests that were so visible…