Here at midweek, one of the most encouraging things that one can say about the grain and soy markets is that we did not extend lower after the discouraging washout from the previous week. I would add that we have several technical indicators that have pushed well into oversold positions,…
Market Commentary
Daily Comments
Yesterday’s recovery in the grain and soy markets is now just a fading memory as we have pretty uniform pressure across the group this morning. While this could be little more than turnaround-Tuesday type trade, bulls lack fresh incentive to stand in front of this pressure, so for now, the…
Daily Comments
While by no means a runaway at this point, grain and soy markets are now uniformly higher this morning after a slightly defensive start to the week. There does not appear to be any specific news generating the buying interest; I suspect the outlook of rising temperatures in the U.S….
Weekly Commentary
JULY 16, 2022 Hands down, the most surprising release during the past week was delivered by the Bureau of Labor Statistics with the publication of the June Consumer Price Index report. Economists had been anticipating a reading of 8.8% above last year, which itself would have established a new high-water…
Daily Comments
Undoubtedly, most of you are familiar with the old proverb that says, “March comes in like a lion and goes out like a lamb.” Well, that saying would appear to be the perfect metaphor for the performance in the grain/soy markets this week. After opening higher with the exuberance of…