Market Commentary

AUGUST 5, 2022 Isn’t it just like the British to try and one-up us?  We all know that rock-n-roll was created in the United States, but before you know it, they were sending us bands with names like The Beatles, The Rolling Stones, and The Who to try and think…

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Grain and soy markets all slipped down to test out critical levels of support this past week, and thus far, at least, it would appear the ramparts have held.  Be that as it may, at present, we are still lower for the week and remain contained within the same parameters…

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Pretty routine numbers in the weekly export sales report, which will almost certainly do little to prop up the sagging spirits of market bulls.  For the week ending the 28th, we sold 249,900 MT or 9.2 million bushels of wheat.  This was 39% below the previous week and 55% under…

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After being held below the water’s surface for a two count, bulls have struggled free and popped their head up enough to grasp a few breaths of fresh air.  While I am not too confident that they will be able to remain above the water line for long, it would…

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I will let this chart speak for itself, but unsurprisingly, major oil companies have done quite well since Russia invaded Ukraine, not that they were doing poorly prior to that.  In fairness, in response to the invasion, BP did liquidate its 19.75% ownership of the Russian Oil company Rosneft, which…

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