Coming back from Super Bowl weekend traders have nothing exciting beside the impending Greek debt default. This coupled to crude breaking hard should have agricultural markets on the defensive in spite of fading positive momentum from the overnight trade. All eyes are on European debt and the impact on the demand prospects for US commodities heading into the […]
Friday saw a very sluggish session once again but instead of all markets rallying like Thursday, corn led the charge. This was helped by a strong domestic and gulf basis bid and spreading between corn and wheat and corn and beans. […]
Coming back from the New Year holiday break the market looks at a higher move based on the following factors. First, the Euro is holding ground against the USD sitting just over $1.30 to start the week. […]
Coming back from the weekend there is a modest amount of bullish momentum built up in agriculture. All markets were higher across the board overnight led by beans which is gaining due to expansive dryness in Southern Brazil and central to Northern Argentina. […]
Coming back from the weekend I see a trade still paralyzed by the continued debt issues in Europe with PMI data suggesting a continued and serious contraction. […]
Coming back from the holiday week it’s all good again. There is no real change on the fundamental front with demand quietly there for both corn and beans domestically and internationally. […]
Coming back from the weekend the agricultural trade has nothing I see to offer bulls a handhold. On the macro side, which still dominates, Spanish elections seem to offer no support for the Euro with no real information available concerning debt restructuring ideas. […]