A Reprieve
Morning Summary: As expected, the grain and oilseed complex was able to post a modest rally overnight on generally light trade volume, with Minneapolis (HRS) wheat still leading the way. Just as Tuesday’s strong noncommercial-led selloff wasn’t a huge surprise, [...]
May Cold Storage: Wishing for Wings
USDA/NASS released its Cold Storage report for May 31, 2021 Tuesday afternoon. As with most other studies, I’m going to focus on month-to-month changes rather than comparing back to 2020. Nearly every number from that year should come with an [...]
Weather Test
Session Summary: When I get to the individual Commentary segments for corn, soybeans, and wheat today I’m going to give you a little test. With that in mind, I’ll save my opening comments regarding the grain and oilseed sector until [...]
US Soil Moisture
This week’s soil moisture map (left hand side) from the National Weather Service Climate Prediction Center, for Monday, June 21, shows the situation continues to worsen across the US Northern Plains and upper Midwest despite another week of rains last [...]
East-West Split
Morning Summary: It is much quieter in the commodity sector Tuesday morning than it was 24 hours ago with most markets glowing a dull red. I’ll start with the energy complex where even crude oil is showing a small loss, [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 27,052 contracts, putting it at a total of 401,376 contracts as of Tuesday, June 15. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long soybean futures position (blue line) by 21,295 contracts, putting it at 205,393 contracts as of Tuesday, June 15. Included in this was a decrease [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long Chicago wheat futures position (blue line) by 4,669 contracts to a total of 13,948 contracts as of Tuesday, June 15. Included in this was [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long cotton futures position (blue line) by 375 contracts, putting it at 65,704 contracts as of Tuesday, June 15. Included in this was a decrease [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long feeder cattle futures position (blue line) by 1,178 contracts, putting it at 4,567 contracts as of Tuesday, June 15. Included in this was a [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long live cattle futures position (blue line) by 7,833 contracts, putting it at 69,321 contracts as of Tuesday, June 15. Included in this was a [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long lean hog futures position (blue line) by 2,690 contracts, putting it at 84,053 contracts as of Tuesday, June 15. Included in this was an [...]
A Strange Day
Session Summary: The best word to describe Monday’s session is “strange”. Going back through the overnight session, it looked like the grain and oilseed complex was set for a meltdown. Then, most of the morning saw markets find renewed buying [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, June 17 was released Monday morning. Corn inspections came in at 1,481,426 mt (58.3 mb), down 8% from the previous week’s revised 1,610,533 mt (63.4 mb). Total marketing year export [...]
The First Shorter Day
Morning Summary: I hope you had a good Father’s Day Sunday, though I know there was some severe weather across the US Midwest over the weekend. Also, Sunday was the Summer Solstice meaning it was the longest day of the [...]
Return to Weatherland
Session Summary: When wondering how markets would head into the weekend, following Thursday’s fund-led meltdown, it seems most adhered to a version of directions Peter Pan once gave. To return to Neverland, all one had to do was find “the [...]
And Now, Back to the Weather
Morning Summary: It seems Watson (my name for the algorithm driven large investor trade as a whole) cleared out its system of sell orders across the commodity sector Thursday, with most sectors trading higher overnight through early Friday morning. Leading [...]
Echoes of Young Dr. Frankenstein
Session Summary: (That’s Fronkensteen) As I watched Thursday’s session unfold, I was reminded of the scene from the movie Young Frankenstein where Gene Wilder’s titular character told all involved to not let him out of a locked room with his [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. corn at 2.148 bb (blue columns) through Thursday June 10, a point in the marketing year when a 4-year average of 78% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybeans at 2.127 bb (blue columns) through Thursday, June 10, a point in the marketing year when a 4-year average of 84% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybean meal at 8,657 thousand metric tons (blue columns) through Thursday, June 10, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. cotton at 13.834 million bales (blue column) through Thursday, June 10, a point in the marketing year when a 4-year average of 84% of [...]
One of Those Mornings
Morning Summary: As I watched overnight markets unfold Wednesday evening, it seemed like Thursday was going to be one of those days. The US dollar index continued to rocket higher, helping gold collapse. Crude oil was lower initially, but by [...]
The Fed, The Weather, and Vlad
Session Summary: Wednesday was quite a day when you consider midweek weather forecasts, the latest announcements from the Federal Open Market Committee (FOMC, The Fed), and the initial meeting between President Biden and Russia’s President Vladimir Putin. Regarding the weather, [...]
It’s Fed Day Wednesday
Morning Summary: The US Federal Open Market Committee (FOMC, The Fed) will make its latest announcement on interest rates Wednesday afternoon with the general consensus being no move will be made. However, commentators are talking about how the wording of [...]
Weather Balloon
Session Summary: As you could probably tell by looking at the grain and oilseed markets Tuesday afternoon, midday weather runs came in drier than what was seen early in the morning. This allowed the noon balloon that had lifted contracts [...]
US Soil Moisture
This week’s soil moisture map (left hand side) from the National Weather Service Climate Prediction Center, for Monday, June 14, shows no improvement in soil moisture deficits for much of the US Northern Plains and upper Midwest, despite last week's [...]
Weather Derivatives
Morning Summary: Monday’s overnight session into Tuesday morning was clear confirmation, regardless of what the rest of the industry tries to tell you, traders trade weather forecasts rather than NASS’ weekly made up crop condition numbers. The morning run of [...]
Like Cicadas, The Conditioners
Session Summary: I’ll say this for the grain and oilseed complex, it was consistent coming out of the weekend. After collapsing to overnight lows shortly after Sunday's open, Monday’s trade was heavy but an even balance of buying and selling [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, June 10 was released Monday morning. Corn inspections came in at 1,544,031 mt (60.8 mb), up 8% from the previous week’s revised 1,426,845 mt (56.2 mb). Total marketing year export [...]
Sunday Bloody Sunday
Morning Summary: Welcome to a new week everyone. As we watched the commodity sector open Sunday evening, I was reminded of the scene from the movie “The Shining” when the blood came rushing from the elevator. New-crop December corn fell [...]
Squeezing Shorts
My friend Mike Pearson invited me to be the guest on his “Farming in the 605” podcast, sponsored by South Dakota Corn. Late in the conversation, if my memory serves, the discussion turned to the investment side of the commodity [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 23,948 contracts, putting it at a total of 428,428 contracts as of Tuesday, June 8. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long soybean futures position (blue line) by 2,342 contracts, putting it at 226,688 contracts as of Tuesday, June 8. Included in this was an increase [...]
CFTC CoT: Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long Chicago wheat futures position (blue line) by 178 contracts to a total of 18,617 contracts as of Tuesday, June 8. Included in this was [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long cotton futures position (blue line) by 1,873 contracts, putting it at 66,079 contracts as of Tuesday, June 8. Included in this was an increase [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreasing their net-long feeder cattle futures position (blue line) by 1,344 contracts, putting it at 3,389 contracts as of Tuesday, June 8. Included in this was a [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long live cattle futures position (blue line) by 2,002 contracts, putting it at 61,488 contracts as of Tuesday, June 8. Included in this was a [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increasing their net-long lean hog futures position (blue line) by 1,068 contracts, putting it at 81,363 contracts as of Tuesday, June 8. Included in this was an [...]
And Finally, Frantic Friday
Session Summary: A number of markets made big moves Friday, led by a collapse in the oilseed complex and old-crop corn. However, if we want to look at a sector as a whole, livestock could be considered one of the [...]
Not Enough
Morning Summary: A look at Friday morning’s radar gives us an idea as to “why” new-crop corn, soybeans, and spring wheat markets are under pressure to start the day, but the reality is this fast-moving line of thunderstorms isn’t going [...]
Thirsty Thursday
Session Summary: That’s right folks, if you look at the previous 24-hour precipitation accumulation map you see it is as dry as the driest martini over much of the US Midwest. Appropriate for this Thirsty Thursday, don’t you think? Midday [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. corn at 2.083 bb (blue columns) through Thursday June 3, a point in the marketing year when a 4-year average of 77% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybeans at 2.122 bb (blue columns) through Thursday, June 3, a point in the marketing year when a 4-year average of 83% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybean meal at 8,458 thousand metric tons (blue columns) through Thursday, June 3, a point in the marketing year when a 4-year average of [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. cotton at 13.518 million bales (blue column) through Thursday, June 3, a point in the marketing year when a 4-year average of 82% of [...]
Waiting on Forecasts…
Morning Summary: …Weather, that is. As you all know by now, I couldn’t care less about the other forecasts that are set for release later Thursday morning from USDA. What we know as of this morning is soil moisture deficits [...]
A Wild Wednesday
Session Summary: The best way I can describe Wednesday’s activity in the grain and oilseed complex is this: Soybeans acted like the bulk of the crop is grown back east where all it does is continue rain, the Corn Belt [...]
US Soil Moisture: Heading South
This week’s soil moisture map (left hand side) from the National Weather Service Climate Prediction Center, for Tuesday, June 8, shows the deepest deficit areas of the US Northern Plains and northern Midwest extending south. The two key areas of [...]
It Must’ve Rained Somewhere
Morning Summary: The first thought that crossed my mind when I ran the traps of the commodity sector Wednesday morning and came to grain and oilseeds was, “It must’ve rained somewhere.” I pulled up the 24-hour accumulation map and it [...]
Turnaround Tuesday
Session Summary: We did see a few markets get caught up in typical Turnaround Tuesday activity, most notably old-crop soybeans and crude oil. The interesting connection between these two markets is fundamentals, with both still incredibly bullish making it easy [...]
Here We Go Again
Morning Summary: It’s another summer morning, meaning the grain and oilseed complex was higher again overnight. Similar to 24 hours ago, contracts have lost some of their bullish enthusiasm, not unusual pre-dawn activity as traders wait for the next weather [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, June 3 was released Monday morning. Corn inspections came in at 1,413,073 mt (55.6 mb), down 34% from the previous week’s revised 2,104,363 mt (84.3 mb). Total marketing year export [...]
Just Another Manic Monday
Session Summary: In the dictionary I’ve kept at my desk for almost 40 years, the word “manic” is defined as “violent abnormal behavior”. That’s a good description for what we saw in a number of markets coming out of the [...]
Lack of Follow-Through
Morning Summary: As expected, the grain and oilseed complex exploded higher at Sunday evening’s open as it started the process of wrapping up its latest round of WWW (Wraparound Weather-market Weekend) Activity. However, once the initial buying burst had passed, [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their corn net-long futures position by 23,950 contracts, putting it at a total of 452,376 contracts as of Tuesday, June 1. Included in this was an increase [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long soybean futures position (blue line) by 3,291 contracts, putting it at 224,346 contracts as of Tuesday, June 1. Included in this was an increase [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long Chicago wheat futures position (blue line) by 384 contracts to a total of 18,795 contracts as of Tuesday, June 1. Included in this was [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increased their net-long cotton futures position (blue line) by 553 contracts, putting it at 64,206 contracts as of Tuesday, June 1. Included in this was an increase [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increasing their net-long feeder cattle futures position (blue line) by 375 contracts, putting it at 4,733 contracts as of Tuesday, June 1. Included in this was a [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long live cattle futures position (blue line) by 7,105 contracts, putting it at 59,486 contracts as of Tuesday, June 1. Included in this was a [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increasing their net-long lean hog futures position (blue line) by 320 contracts, putting it at 80,295 contracts as of Tuesday, June 1. Included in this was an [...]
Two Roads
"Two roads diverged in a yellow wood, and sorry I could not travel both, and be one traveler, long I stood and looked down as far as I could to where it bent in the undergrowth; Then took the other, [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybean meal at 8,270 thousand metric tons (blue columns) through Thursday, May 27, a point in the marketing year when a 4-year average of [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. corn at 2.018 bb (blue columns) through Thursday May 2, a point in the marketing year when a 4-year average of 74% of what [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybeans at 2.112 bb (blue columns) through Thursday, May 27, a point in the marketing year when a 4-year average of 82% of what [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. cotton at 13.244 million bales (blue column) through Thursday, May 27, a point in the marketing year when a 4-year average of 79% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of all U.S. wheat at 894.6 mb (blue column) through Thursday, May 27, a point in the marketing year when a 4-year average of 98% of [...]
Green Screen
Session Summary: it’s always interesting the difference 24 hours can make. Recall from Thursday at this time I was talking about how not a single contract in the grain and oilseed complex was in the green, the screen awash in [...]
A Green Morning
Morning Summary: The grain and oilseed complex rallied again overnight, erasing Thursday’s loss and setting the stage for what should be another volatile opening round of WWW (Wraparound Weather-market Weekend) Activity. A look at the past 72-hour precipitation map shows [...]
No Green to be Seen
Session Summary: I’ll give this to the grain and oilseed complex Thursday, there was not a green number to be seen at the close. The closest contract, outside of some far deferred issues, was new-crop November rice closing unchanged on [...]
Back and Forth and Back Again
Morning Summary: it was another busy overnight session with the grain and oilseed complex back on the plus-side of unchanged. Gains were consistent across the board, by percentage, though trade volume wasn’t big in any particular market. The US dollar [...]
Overcooked Beef
Session Summary: To some, there is no culinary crime more heinous than overcooking beef. In my years of travel, I had the opportunity to dine with folks who ate a lot of steak, usually ordering it in the medium to [...]
Weekly Export Inspections
The weekly Export Inspections report for the week ending Thursday, May 27 was released Tuesday morning. Corn inspections came in at 2,049,217 mt (80.7 mb), up 17% from the previous week’s revised 1,746,162 mt (68.7 mb). Total marketing year export [...]
US Soil Moisture: And Summer Begins
This week’s soil moisture map (left hand side) from the National Weather Service Climate Prediction Center, for Tuesday, June 1, shows the two key growing areas of the US Northern Plains and northern Midwest are registering increased deficits heading into [...]
Up and Running
Morning Summary: The JBS cyberattack was front and center in financial news again this morning, with the talk from the company being most of its operations will be up and running Wednesday. Again this sounds familiar to what Colonial Pipeline [...]
Sum Sum Summertime
Session Summary: If Tuesday’s markets are any indication, this summer is going to be hot! But then again, that goes without saying because summer is supposed to be hot. And that’s where I got lost on the strong rally in [...]
First Fuel, Then Food
Morning Summary: The first story I saw Tuesday morning had to do with the weekend cyberattack on the world’s largest beef producer, JBS, with its operations in North America and Australia initially affected. As of this writing it is unclear [...]
Waiting for Wheat Harvest
Somehow, the last day of May is upon us. It seems like only yesterday when Justin Timberlake’s singing of “It’s gonna be may (me)” was all over social media. Now, though, when we wake up Tuesday morning meteorological summer will [...]
CFTC CoT: Corn
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their corn net-long futures position by 31,052 contracts, putting it at a total of 428,426 contracts as of Tuesday, May 25. Included in this was a decrease [...]
CFTC CoT: Soybeans
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long soybean futures position (blue line) by 7,286 contracts, putting it at 221,055 contracts as of Tuesday, May 25. Included in this was a decrease [...]
CFTC CoT: All Wheat
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreasing their net-long Chicago wheat futures position (blue line) by 7,337 contracts to a total of 18,411 contracts as of Tuesday, May 25. Included in this was [...]
CFTC CoT: Cotton
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreased their net-long cotton futures position (blue line) by 9,000 contracts, putting it at 63,653 contracts as of Tuesday, May 25. Included in this was a decrease [...]
CFTC CoT: Feeder Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increasing their net-long feeder cattle futures position (blue line) by 1,573 contracts, putting it at 4,358 contracts as of Tuesday, May 25. Included in this was a [...]
CFTC CoT: Live Cattle
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders decreasing their net-long live cattle futures position (blue line) by 364 contracts, putting it at 66,591 contracts as of Tuesday, May 25. Included in this was a [...]
CFTC CoT: Lean Hogs
The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders increasing their net-long lean hog futures position (blue line) by 2,861 contracts, putting it at 79,975 contracts as of Tuesday, May 25. Included in this was an [...]
Close the Book
Session Summary: We can now close the book on the spring 2021 season, for when we are back together again next Tuesday it will be the first day of meteorological summer. Books will be written about everything that has happened [...]
Early Bird Special
Morning Summary: As I was running through all the market sectors this morning and checking overnight news, I had the windows open listening to the early birds chattering away. I was reminded again of the old saying “the early bird [...]
Quite a Day, the Other Way
Session Summary: Commodities are showing why they haven’t historically been viewed as long-term investment vehicles due to their wild swings. What makes the activity in the grain and oilseed complex that much more intriguing is it isn’t even summer yet, [...]
Corn Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. corn at 1.934 bb (blue columns) through Thursday May 20, a point in the marketing year when a 4-year average of 72% of what [...]
Soybean Meal Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybean meal at 7,989 thousand metric tons (blue columns) through Thursday, May 20, a point in the marketing year when a 4-year average of [...]
Soybean Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. soybeans at 2.103 bb (blue columns) through Thursday, May 20, a point in the marketing year when a 4-year average of 81% of what [...]
Cotton Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of U.S. cotton at 12.863 million bales (blue column) through Thursday, May 20, a point in the marketing year when a 4-year average of 77% of [...]
All Wheat Sales and Shipments
The latest weekly export sales and shipment update showed 2020-2021 marketing year export shipments of all U.S. wheat at 885.2 mb (blue column) through Thursday, May 20, a point in the marketing year when a 4-year average of 96% of [...]
It’s Raining Again
Morning Summary: While any morning is a good morning to crank up some Supertramp, it fits Thursday morning to a tee as it’s raining again over parts of the western US Midwest. This wet weather pattern, bringing with it cooler [...]
Quite a Day
Session Summary: Wednesday was the kind of day when if you didn’t like the way a market looked, turn the quote screen off and come back an hour later and it will have change completely. There were several big moves, [...]
US Deliverable Stocks
The weekly CME Deliverable Stocks update for the week ending Friday, May 21 was released Tuesday. Corn stocks decreased by 788,000 bushels from the previous week and were 213,000 bushels less than the previous year. Soybean stocks decreased by 289,000 [...]
US Soil Moisture: If Factual, Hold On
This week’s soil moisture map (left hand side) from the National Weather Service Climate Prediction Center, for Tuesday, May 25, is almost as confusing as the previous week's map (right hand side). The US Plains and Midwest have seen rain [...]
A Mixed Morning
Morning Summary: The commodity sector was mixed early Wednesday morning as the US dollar index continues to hold above its January low of 89.20. Metals were posting a solid gain with gold up 0.5% while copper and silver added 0.4% [...]
After the Tipping Point, Gravity
Following Tuesday’s close in the grain and oilseed complex, a day that saw old-crop July corn fall its daily limit 40 cents before closing 37 cents lower, the question on everyone’s mind was “Why?”. You folks are familiar with my [...]
It Got Worse
Session Summary: Remember yesterday when I quoted the line from “Young Frankenstein” (Could be worse…Could be raining.)? Well, it got worse Tuesday as corn fell apart completely. I’ll be changing my Weekly Column schedule a bit to talk about today’s [...]
Dollar Daze
Morning Summary: The US dollar index was under pressure again overnight and still sitting in the red early Tuesday morning. This sets up what should be an interesting end of May/beginning of June timeframe, with the greenback’s long-term monthly chart [...]
April Cold Storage: Cheeseburgers and Chicken Sandwiches
USDA/NASS released its Cold Storage report for April 30, 2021 Monday afternoon. As with most other studies, I'm going to focus on month-to-month changes rather than comparing back to 2020. Nearly every number from that year should come with an [...]
Could Be Worse…
Session Summary: …Could be raining. Those of you who have been with me over the years will recall this is one of my favorite lines from one of my favorite movies, Mel Brooks’ “Young Frankenstein”. In the scene the young [...]