Market Commentary

Once again, we find ourselves at another report day, and gauging from the overnight action, traders are taking a moment to two of rest to prepare for what may be revealed once the “word of gov” is unveiled.  Be that as it may, it has not been a bad week…

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Another blasé week for export sales with numbers well within trade expectations.  During the week ending the 4th of August, we 359,200 MT or 13.2 million bushels of wheat.  This was a 44% improvement over last but still 34% below the 4-week average.  Mexico was the top buyer taking 99.4k…

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Grain and soy markets are generally higher here at mid-week, but as a whole, we have done little more than chop around in the same ranges that we have now for the past month or so.  While that is by no means a bad sign, with longer-term indicators still pointing…

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Nothing like a surprise drop in the crop ratings to get the ol’ bull juices flowing.  According to Uncle Sam, corn conditions slid 3% last week to 58% good/excellent, which is now 5% lower than it was a year ago at this time.  90% of the crop is silking, 45%…

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During the overnight trade, grain and soy markets were struggling, but since returning from the morning break, things have perked up a bit once again. Outside of the fact that we have witnessed decent rainfall across the upper Midwest over the weekend and into this morning, most of the news…

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