We had one pleasant surprise in last week’s export sales, which comes via wheat. For the week ending the 7th of July, we sold 1,017,200 MT or 37.4 million bushels. China was the top purchaser with 265.3k MT, followed by South Korea taking 148.4k and Mexico stepping in for 91.3k. …
Market Commentary
Daily Comments
Outside of the fact that ending stocks estimates, both domestic and global, were a bit higher than trade estimates, you would be hard pressed to really suggest much of anything in the reports issued by Uncle Sam yesterday were negative. Still, of course, the market reaction would have indicated otherwise….
Daily Comments
My-oh-my, Monday turned out to be a rather disheartening day for bulls in the grain and soy markets. After having gapped higher in several different commodities and reaching up to the highest levels traded in a couple of weeks, we made an abrupt about-face for the close, finishing towards the…
Weekly Commentary
JULY 8, 2022 Anyone who has read this letter for any length of time has undoubtedly recognized that I am a proponent of charting and technical analysis. Understandably, not everyone shares this view; many think it will do little more than show you where you have been, not where you…