A slightly larger drop in crop rating yesterday afternoon provided the incentive for a few more bears to call it a month, and we witnessed a gap higher in the corn and beans markets overnight. Considering we are not really all that far from recent lows, this gap does not…
Market Commentary
Weekly Commentary
It seems that every time we turn around, consumers have been slapped in the face with another discouraging report concerning inflation, which understandably has translated into some of the worst consumer sentiment readings we have seen since the great recession. The preliminary data was published by the University of Michigan…
Daily Comments
While not with the same exuberance as the week prior, the grain and soy markets did begin trade this week on a positive note, which makes the overall weekly performance that much more disappointing for the remaining bulls. We have now slipped down to the lowest level traded since January,…
Daily Comments
“The world breaks everyone, and afterward, many are strong at the broken places.” – Ernest Hemingway (Commemorating what would be his 123rd birthday) Whoever coined the phrase, no news is good news, was obviously not involved with commodity markets. Granted, there is nothing that you could necessarily identify as bad…