Of Course

2023-05-26T05:34:26-05:00May 26th, 2023|Commentary, Morning Commentary|

Morning Summary: To the surprise of nobody, the financial media chatter early Friday morning is that the two sides are “closer to an agreement” on the US debt-ceiling debate with a 3-day holiday weekend looming. Of course, we were in [...]

One Day Closer

2023-05-24T15:23:11-05:00May 24th, 2023|Afternoon Commentary, Commentary|

As Wednesday nears its end, the US is one day closer to its debt-ceiling deadline. Judging by the chatter coming from financial media talking heads, the situation is fraught with unimaginable drama. However, we've seen this show before and I'm [...]

CFTC CoT: Soybeans

2023-05-20T07:23:46-05:00May 20th, 2023|Commentary, Report Commentary|

The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders held a net-long soybean futures position of 38,1540 contracts (blue line) as of Tuesday, May 16. This was a decrease of 26,121 contracts from the previous week [...]

Monday Greens

2023-05-15T06:04:36-05:00May 15th, 2023|Commentary, Morning Commentary|

Morning Summary: We are now into the second-half of the last month of spring, already feeling the warmth of summer shining on our faces. For the most part, at least across North America. It has become cliché, but one has [...]

A Lot of Red

2023-05-09T05:53:45-05:00May 9th, 2023|Commentary, Morning Commentary|

Morning Summary: A look at the Barchart Futures Market Heat Map early Tuesday shows most sectors and individual markets to be in colors other than green. Only financials (US Treasury futures) were showing a cumulative gain, a fact made more [...]

CFTC CoT: Corn

2023-05-06T07:25:04-05:00May 6th, 2023|Commentary, Report Commentary|

The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders moved to a net-short corn futures position of 60,633 contracts (blue line) as of Tuesday, April 2. This was a switch of 85,281 contracts from the previous [...]

The Fed Awaits

2023-05-03T06:12:45-05:00May 3rd, 2023|Commentary, Morning Commentary|

Morning Summary: Markets are waiting to see what the US Federal Open Market Committee (FOMC, the Fed) does with interest rates this afternoon, at least according to the talking heads of financial media. The reality is most who actually listen [...]

A Quiet Place

2023-04-25T06:12:02-05:00April 25th, 2023|Commentary, Morning Commentary|

Morning Summary: Overnight trade was a quiet place through early Tuesday morning, with seemingly not a creature stirring, not even a mouse. This seems odd to me, not only because a number of markets made large moves Monday but because [...]

Not as Manic

2023-04-24T05:38:41-05:00April 24th, 2023|Commentary, Morning Commentary|

Morning Summary: Markets in general were relatively quiet coming out of a late spring weekend. I’ll talk about some of the implications for the grain and oilseed complex, with the key being a weekend freeze ahead of another rain event. [...]

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