US Soil Moisture

2023-12-04T10:29:45-06:00December 4th, 2023|Commentary, Report Commentary|

The latest weekly comparison of US Soil Moisture anomaly map (left hand side), Sunday through Sunday, shows the situation didn't change much over much of the Midwest. However, the holiday week snow event across the Plains lessened some of the [...]

A Golden Spike

2023-12-04T06:09:12-06:00December 4th, 2023|Commentary, Morning Commentary|

Morning Summary: The first market that jumped out at me as we start a new week was gold. Here we see the February contract spiked to a new all-time high of $2,152.30 overnight, up $62.60 (3.0%) from last Friday’s settlement, [...]

US Soil Moisture

2023-11-27T09:47:09-06:00November 27th, 2023|Commentary, Report Commentary|

The latest weekly comparison of US Soil Moisture anomaly map (left hand side), Sunday through Sunday, shows the situation continued to worsen over parts of the Midwest. The darker red blob over Iowa grew larger the last two weeks, with [...]

Both Sides Now

2023-11-27T06:08:08-06:00November 27th, 2023|Commentary, Morning Commentary|

Morning Summary: The common thread in the commodity complex that I could see as we start another week was most markets traded both sides of unchanged overnight. This pattern starts with the US dollar index that traded as much as [...]

Turkey Time

2023-11-22T16:49:08-06:00November 22nd, 2023|Afternoon Commentary, Commentary|

Session Summary: My guess is there might be only a handful of folks reading and/or listening to today’s Afternoon Commentary, and that’s understandable. It’s Turkey Time. Thoughts of markets can be put away for 36 hours or so while attention [...]

A Quiet Morning

2023-11-09T06:04:18-06:00November 9th, 2023|Commentary, Morning Commentary|

Morning Summary: A look at the Barchart Futures Market Heat Map early Thursday morning shows us the commodity complex was mostly quiet, the majority of markets staying within 1% of Wednesday’s close. There were outliers, of course, with coffee showing [...]

A Week Late

2023-11-06T14:54:57-06:00November 6th, 2023|Afternoon Commentary, Commentary|

Session Summary: Monday afternoon’s Barchart Futures Market Heat Map would’ve been perfect a week ago, heading into Halloween 2023. The market posting the biggest loss was natural gas. The always frightening and seldom predictable Widow Maker was down a beastly [...]

A Lot of Green

2023-11-03T06:01:43-05:00November 3rd, 2023|Commentary, Morning Commentary|

Morning Summary: It’s early Friday morning, and a look at the Barchart Futures Market Heat Map shows us a lot of green. In fact, the only sector of the commodity complex glowing red pre-dawn is Softs, heavily influenced by Thursday’s [...]

An Apple a Day

2023-11-02T05:58:04-05:00November 2nd, 2023|Commentary, Morning Commentary|

Morning Summary: There seems to have been a delayed reaction by the US dollar index to the US Federal Open Market Committee holding interest rates unchanged Wednesday. Pre-dawn Thursday finds the greenback deep in the red, falling as much as [...]

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