Market Commentary

Rather discouraging performance yesterday, particularly for bean bulls as they let post-report gains slip through their fingers and watched prices finish lower for the session.  Seeing a market close negative after a positive report is rarely encouraging, and now to add insult to injury, with the pressure we have witnessed…

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While overshadowed by the reports to be released later this morning, bulls will find little to cheer about in the weekly export sales data.  Wheat was the only commodity that would be considered even remotely decent, coming through at 496,700 MT or 18.2 million bushels.  The top three buyers were…

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While not particularly thrilling, grain and soy markets have been in recovery mode this week, and this, after testing out the foundation set back in the March/April time frame.  While they did find a few creaks and cracks in the floorboards, it was still solid enough to push away, but…

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There’s nothing like a bit of crop deterioration to get the bull juices flowing again, and the USDA supplied just such an update yesterday.  Do keep in mind that the rating for corn and beans remains better than a year ago at this time, but they did slip by 3%…

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While I see both red and green flashing across my quote feed this morning, as a whole, grain and soy markets are doing little more than running in place.  This is quite understandable considering the lineup this week.  Not only are we about ready to wrap up another month and…

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