While we did experience a few glimpses of strength this week, they turned out to be rather brief, and we have grain and soy markets stumbling lower into the weekend. The one exception has been bean oil, but even there, the rally bloom appears to be fading. One has to…
Market Commentary
Daily Comments
Wheat sales have finally perked up a bit. During the week ending the 20th, we sold 533,200 MT or 19.6 million bushels. This was an improvement of nearly 330% from the previous week. The top buyers were South Korea taking 109.5k MT, unknown destinations with 91k, and then the Philippines…
Daily Comments
Grain and soy markets are on divergent paths this morning, with the former under pressure and the latter slightly higher, but overall, these markets are doing little more than marking time. With beans harvest now into the final stretch and rains across the Midwest slowing progress, it is understandable that…
Daily Comments
While it is difficult to say if we are suffering from late-stage harvest blahs or possibly end-of-month lethargy, but grain and soy markets are looking rather uninspired this morning. Yes, we did open higher, but the optimism soon faded, and by the morning break, everything was in the negative column…