The corn and wheat markets mildly impressive rallies to kick off the week, trading up to the highest levels witnessed since early July, but gauging from the action this morning, it has done little to frighten many a bear. While there is a possibility that the pressure this morning is…
Market Commentary
Daily Comments
Markets will almost always tend to react to the most current news at hand, particularly when there is little to choose from, and at present, that has been the estimate from the Pro Farmer crop tour. With a corn figure of 13.759 billion bushels versus the current USDA estimate of…
Weekly Commentary
Much of the chatter in the financial world this week centered on what Fed Chairman Jerome Powell might have to say at the annual Jackson Hole Symposium, which to a certain extent, overshadowed a couple of economic updates that were released prior to the event. While I recognize at times,…
Daily Comments
Grain and soy markets took a collective swoon yesterday, but obviously, it was not enough to really strike fear into the hearts of the bulls, as they have returned again overnight. If the closing bell were to ring right now, for the week, December corn would have gained 30-cents, December…
Daily Comments
Obviously, the USDA is experiencing technical difficulties this morning. The weekly export sales report was delayed but has now been released and is so shockingly large, one has to wonder if it will not be revised. As such, I am not even going to review the figures until there is…