Session Summary: If the month of March came in like a lamb, weatherwise, markets in general went out the first week like a lion. Gains were seen almost across the board, with crude oil (up 3.5%) and oats (3.6%) leading [...]

Session Summary:  Thursday’s highlights included a couple of market moving statements. First, an early statement from OPEC+ that production cuts would remain in place through April sent crude oil markets skyrocketing. The international Brent market gained as much as 5.7% [...]

Session Summary:  As closing bells were ringing across the various market landscapes, the best word to describe the day’s activity was “Meh”. Yes, some markets made big moves, most notably crude oil to the upside (2.5%) and cotton to the [...]

Session Summary: Tuesday was a classic example of what commercial buying can do in a market, particularly if we are looking at the grain and oilseed complex. After closing lower Monday and spending the overnight session into early Tuesday morning [...]

Session Summary: Over the decades I’ve often joked there are days to turn off the quote screens and find something else to do. Particularly if it’s nice outside, and according to a post I saw about Kansas weather, temperatures have [...]

Session Summary: Somewhere the birds are chirping, the bees are buzzing, and baseball gloves are popping; all the familiar sounds of spring we look forward to every year. Markets, almost regardless of sector, are in the swing of spring with [...]

Session Summary: Tuesday was another day of big moves, with the only difference being which markets were most active. Where the energy complex ruled Monday’s session, the oilseed complex was the star Tuesday. Here we saw soybeans rally as much [...]

Session Summary: It was another big day in the commodity sector, led by an impressive 4% rally in crude oil. Here we see the spot-month contract hitting a high of $61.84, quickly looking to erase last week’s bearish reversal on [...]

Session Summary: Friday saw a lot of market movement though little changed when all was said and done. The US dollar index was lower, but never threatened to extend its selloff, keeping a lid on a potential rally in metals. [...]

Session Summary: Wednesday’s session saw mixed results with some sectors posting solid gains (energies), some solid losses (livestock), and most everything else mixed. Let’s start with the US dollar index that posted a solid rally, following up Tuesday’s short-term bullish [...]

Session Summary: The commodity sector was interesting again Tuesday as most markets stayed red hot despite the stronger US dollar index. Starting with the greenback, the daily chart is showing a bullish key reversal indicating the short-term trend could be [...]

Session Summary: We can close the book on another week, the second week of February, meaning there are only two weeks remaining until March 1 and the start of meteorological spring. Regardless of what Punxsutawney Phil said earlier this month. [...]

Session Summary: When all is said and done, the only thing for certain is that it’s over. The grain and oilseed complex was interesting in the respect that soybeans had outshone corn for much of Thursday’s session, right up until [...]

Session Summary: A common question Wednesday was, “What happened to corn and soybeans?” As always, there are countless reasons “why” markets do what they do, but a couple of simple ideas is that Tuesday’s USDA report did not fill the [...]

Session Summary: The best way to think about Tuesday’s round of USDA monthly Supply and Demand reports is to remember what Richard Marx told us, “It don’t mean nothin’”. I’ll go into each of the grain markets individually, but the [...]

Session Summary: Commodity market bears are in hibernation, allowing bulls to run free across the sector. Monday was a great example, for no matter where you looked you could see a market making a big move. Energies? Distillates rallied 1.8% [...]

Session Summary: A look across the commodity sector landscape shows wide price swings galore, with cotton again in the spotlight. After rallying more than 3.0 cents Thursday the nearby March contract fell 1.67 cents at Friday’s close on renewed commercial [...]

Session Summary: A number of markets posted wide trading ranges again Thursday, with cotton stealing the spotlight. Here we see the March issue closed 3.29 cents higher, gaining 0.13 on May and 0.28 on July, indicating strong support from the [...]

Session Summary: Wednesday was quite a day with big moves posted by a number of market sectors. Crude oil led the way with the spot-month contract up 1.7% on a round of solid buying from both noncommercial and commercial traders. [...]

Session Summary: As you all know by now, Punxsutawney Phil somehow defied the odds of a cloudy, snowy early February morning in central Pennsylvania and saw his shadow, projecting six more weeks of winter. Though I give the enterprise the [...]

Session Summary: With Monday’s session winding down, the anticipation toward Tuesday’s weather revelation by Punxsutawney continues to build. Before we get there, though, some markets were dealing with the present weather, most notably the Nor’easter plowing across, well, the US [...]

Session Summary: It’s difficult to quickly summarize all we saw this week, with market sectors across the board going haywire. As I mentioned in a conversation with my friend Neils Christensen of Kitco News, what we see in markets now [...]

Session Summary: Thursday was quite a day, regardless of the market sector one looked at. Let’s start in US stock markets where rules were changed on the fly to help hedge funds caught in a short-squeeze by retail traders, sending [...]

Session Summary: Though I haven’t worked in an office environment with other people for roughly 2.5 years, one of the unwritten rules is you don’t microwave leftover fish for lunch. Why? Because the entire building will know someone has crossed [...]

Session Summary: Tuesday saw a number of markets post another round of big moves, with King Corn leading the way. Though I’ll talk about it in more detail individually, a quick summary is the market raced 4% higher on solid [...]

Session Summary: As expected given last week’s Frantic Friday that led into a South American weather market weekend, Monday proved to be Manic indeed. Markets were flying all over the place, most posting wide trading ranges, some with support from [...]

Session Summary: I think I speak for everyone when I say, “Thank goodness Friday is over.” If one is bullish livestock, they were likely tickled pink with what happened over the course of the session. March feeders closed the limit [...]

Session Summary: Back in the day, at my previous position, we held a series of Marketing University events. One of the “courses” was my take on some of the situations that play out from time to time. Part of this [...]

Session Summary: The morning was as dark and bleak as the day that proceeded it, but as the sun worked its way across the sky the general attitude seemed to lift. By the end of the day, it was hard [...]

Session Summary: That was the entirety of the message a good friend sent to me as the grain and oilseed complex came to a close Tuesday. That was a great way of summing up the day’s activity, and I’ll get [...]

Session Summary: What a week. So many markets showing so much volatility, all during what is usually a relatively quiet time of year. As Friday moved toward its close the US dollar index was at its highest level in almost [...]

Session Summary: A friend from Kansas suggested this Star Trek line for the title of a piece of Commentary someday, and given what we saw Thursday, there is no better time than the present. The grain and oilseed sector exploded [...]

Session Summary: Wednesday’s session was nowhere near as explosive as Tuesday, but that was to be expected given some of the market moves from 24 hours ago. One exception was US treasuries as the US 30-year T-bond gained more than [...]

Session Summary: Another USDA January data dump has come and gone, though the results were far from normal. Those of us who watch real market fundamentals were not surprised the grain and oilseed complex continued to move higher, though I’m [...]

Session Summary: The second half of my latest weekly column, posted over the weekend just passed, now seems outdated. Recall I talked about how the Three Kings of Commodities were all looking to be overthrown by the new triumvirate of [...]

Session Summary: It’s finally Friday afternoon, and only US stock markets are working toward their weekly close. It was an incredible week, filled with sights and sounds long thought unimaginable. Through it all the markets trundled on, with those same [...]

Session Summary: It was another interesting day Thursday, though in a much different way than what we saw Wednesday. As an update: I have not seen anything definite as far as a change in the Oval Office at the US [...]

Session Summary: My apologies for this Afternoon Commentary being late, but I had to check on some reporter friends of mine who cover agriculture from Washington, D.C. I’m glad to report they are all well and extended those hopes to [...]

Session Summary: It didn’t matter where you looked Tuesday, you were likely to see a market racing higher. A glance at the energy complex shows crude oil up almost 5% with the spot-month contract cracking $50 for the first time [...]

Session Summary: If the first trading day of 2021 is any indication, the year ahead should be fascinating to follow. Markets were all over the board Monday, highlighted by a sharp selloff in US stock indexes of almost 2% after [...]

Session Summary: From a market point of view, 2020 is nearing its end with only US stock markets still open. As I said in my most recent Weekly Column, this was a year that will not soon be forgotten, and [...]

Session Summary: In the race up Price Mountain, this Wheat (Whiskey) Wednesday saw the wheat complex lead the way in the grain and oilseed complex, fittingly enough. As it did Tuesday, corn posted another strong rally but still came in [...]

Session Summary: Incredible. That’s really the only word I can come up with when I look at how markets are closing Tuesday afternoon. Incredible. January soybeans (nearing delivery) were up 40 cents. March corn was a couple ticks short of [...]

Session Summary: There were a number of things I could lead with in discussing Monday’s session, but the most impressive was the strength of King Corn as the market kept its head while all about it were losing theirs. I’ll [...]

Session Summary: A quick check of commodities Wednesday afternoon returned a familiar picture: The sector continues to power onward and upward like a “tremendous machine” (still one of my favorite sports memories). February crude oil gained more than $1 (2.3%) [...]

Session Summary: Maybe it’s just the time of the year, but I’m starting to sense a disturbance in the bullish force that has been the commodity sector of late. The US dollar index was actually able to rally and hold [...]

Session Summary: Markets exploded Monday with trade volume in many coming in much larger than what has been seen of late. One such market was soybeans, where traders must’ve taken my latest Weekly Column to heart when the opening bell [...]

Session Summary: A week before Christmas and most commodities closed ivy green, with only a few showing holly red. The strongest mover was the oilseed complex where the leader was actually soybean meal with a gain of 1.9%, followed by [...]

Session Summary: With closing bells ringing across the market landscape Wednesday afternoon, we are left with more questions than answers. Has the US dollar index finally bottomed, a result of the Federal Reserve’s decision not to increase its treasury buying [...]

Session Summary: The commodity sector was higher Tuesday, possibly supported in part by another day of selling in the US dollar index. Much of this activity continues to be tied to ideas the US Federal Reserve will take an aggressive [...]

Session Summary: As I’ve mentioned in a couple pieces of Commentary and Analysis, we are in the quietest quarter of the marketing year, at least for the grain and oilseed complex, with little news emerging to spark trading interest. That [...]

Session Summary: Another week has come to an end, mostly, with only US stock markets making their way toward closing time. There was a lot of movement in a number of sectors, though trade volume could generally be classified as [...]

Session Summary: The energy complex stole the spotlight Thursday as the spot-month crude oil contract rallied as much as $2.22 (deuces were obviously wild), or about 5% at its session high. Distillates (heating oil, diesel fuel, jet fuel, etc.) had [...]

Session Summary: A number of markets posted big moves Wednesday on what looked to be little trade volume. Cotton, for example, added 1.5% with the March issue registering less than 15,000 contracts changing hands. The May issue didn’t even reach [...]

Session Summary: The commodity sector was mixed at Tuesday’s close with the big winner being orange juice. What does this mean? For starters, your Screwdriver might cost a little more, but if I show my age a bit the bigger [...]

Session Summary: A lot of markets spent the day swinging back and forth across unchanged including soybeans, wheat, cotton, and metals. Others were swinging, but had a tough time breaking the plane of unchanged. This group consisted of energies, the [...]

Session Summary: Another week is in the books with Friday’s session giving us some things to ponder over the weekend. First, the US dollar Index was able to claw its way back into the green late in the day, though [...]

Session Summary: A number of markets traded lower early Thursday, only to shrug off pressure to storm higher at the close. Even those that closed lower, like live cattle, rallied well off session lows as the session came to an [...]

Session Summary: It was another interesting day as most markets bounced back and forth across unchanged. The biggest loser looks to be the oilseed complex where soybeans and canola dropped 0.7% while bean meal slipped 1.2%. On the other hand, [...]

Session Summary: The first day of meteorological winter gave us mixed results with some markets posting strong rallies and some strong selloffs. Others, like soybeans, gave us a little bit of both. The two markets sectors grabbing my attention most [...]

Session Summary: Well folks, we made it through another season, meteorologically speaking. Monday’s close marks the end of fall and a look across the commodity sector finds markets are mostly lower. Livestock was an outlier, mostly, with both feeder cattle [...]

Session Summary: The commodity sector, in general, roared back to life Tuesday after some markets saw heavy selling overnight. One of the most impressive set of markets was the wheat complex where contracts spent the overnight session in the red-light [...]

Session Summary: The livestock sector roared higher again Monday with all three markets posting strong triple-digit gains. Commercial activity was mixed, not just in the sector but in individual markets. Note December live cattle lost $0.35 to February, while February [...]

Session Summary: For the second consecutive day, the livestock sector was easily the most interesting in the commodity complex. Both cattle markets were under pressure for most of Friday’s session, before a solid round of noncommercial buying lifted live to [...]

Session Summary: The livestock sector stole the spotlight Thursday, but not in the way market bulls would’ve preferred. Strong selling was seen in all three markets, and if we want to include Class III milk the count goes up to [...]

Session Summary: I thought long and hard about how to best describe Wednesday’s market action, and the word I kept coming back to was “interesting”. Leading the way had to be the oilseed complex where soybeans didn’t finish as strong [...]

Session Summary: As many of you know, I have posted a number of charts and studies pointing out the bearishness of February live cattle. The two most recent examples were a price distribution chart Monday (though it was partially bullish) [...]

Session Summary: At the end of the day, commodities had posted a strong start to the week. Coffee led the way with a 5.9% gain as the Dec contract rocketed to a high of 116.20 while strong commercial buying was [...]

Session Summary: “…Do I feel lucky?” Most of us will remember some version of that line from Clint Eastwood’s 1971 movie “Dirty Harry”. What’s the relevance to markets? Well, it is Friday the 13th, and that’s basically all I’ve got. [...]

Session Summary: Thursday was just a day, one best described with “it could’ve been better, or it could’ve been worse”. That was true whether one was bullish or bearish. The US dollar index traded either side of unchanged while US [...]

Session Summary: Markets were indeed interesting in many sectors, with a variety of reversals seen on daily charts. One of the hosts on CNBC even mentioned “reversals of reversals” as the day played out. The bottom line is many markets [...]

Session Summary: For whatever reason, USDA decided to make some big changes to its supply and demand numbers, with the end result getting back in line with reality. In some cases, the divergence goes back four years, to the beginning [...]

Session Summary: Those were the words Dr. Albert Bourla, chairman and CEO of Pfizer, used to describe Monday morning as trial results on his company’s Covid-19 vaccine showed 90%-plus efficiency. Shortly after this announcement was made on CNBC, President-elect Biden [...]

Session Summary: A number of markets were back to telling us a familiar story Friday afternoon, one of ideas of potential change in administrations in the United States. But there has been no confirmation, in fact there is little change [...]

Session Summary: There were some impressive market moves again Thursday, most notably the 5.8% rally posted by silver and 2.8% gain in gold. Much of this was due to the sharp 0.99 selloff by the US dollar index, though crude [...]

Session Summary: The theme of Wednesday’s session was big moves in a number of markets. Let’s start with US stock indexes where the Nasdaq jumped about 575 points (5.1%) at its high of the day. This was an interesting development, [...]

Session Summary: The commodity sector in general closed higher Tuesday with the big winners, and losers, housed in the softs and energies complex. Cotton posted a strong 2.2% rally on renewed commercial buying interest, equaling the change in spot-month crude [...]

Session Summary: A number of markets traded both sides of unchanged Monday, most notably the energy complex. The spot-month WTI crude oil contract fell as much as $2.15 overnight through early in the morning before rallying to a gain of [...]

Session Summary: Friday felt like a long week, the week that just came to an end a long month, and the month’s worth of trade that just concluded the culmination of a years’ worth of angst. When all was said [...]

Session Summary: Thursday’s session showed mixed results with US stock indexes and cattle markets posting strong gains while energies and the grain and oilseed complex were on the defensive. The US dollar index climbed to its highest level in four [...]

Session Summary: Well, it’s over, for the most part. Sometimes there are days like Wednesday when the bottom falls out of markets in general. There is a great deal of uncertainty given the upcoming US Presidential Election and Covid case [...]

Session Summary: I thought, and thought, trying to come up with a good title for today, and finally landed on the idea it was Taco Tuesday. That’s really the highlight, as markets were actually on the dull side for much [...]

Session Summary: Though I’ll talk about it in more detail below, Monday was a rough start to the week for the wheat complex with Kansas City (HRW) falling 3.1%, Chicago (SRW) dropping 2.0%, and Minneapolis (HRS) losing 2.1%. The energy [...]

Session Summary: In keeping with the Looney Tunes theme of the day, and a look at the close of the soybean market tells me I might as well, it’s time to bring this week to a close. Most market sectors [...]

Session Summary: I’m trying to think of a good word to describe Thursday’s session, with the one that keeps sticking in my mind being “weird’. The US dollar index was holding a small gain late in the afternoon, though never [...]

Session Summary: There weren’t many markets that finished within extremes Wednesday, a day highlighted by a 4.0% selloff in crude oil and RBOB gasoline and an almost 4.0% rally in natural gas. And that’s just the energy complex. Soybean meal [...]

Session Summary: The commodity sector in general raced higher Tuesday, led by a strong reversal in the cattle markets. The first to move was feeder cattle as the November contract did a bullish about-face after testing support at its technical [...]

Session Summary: The range of market mood Monday could be best described as the difference between cattle, with live down 3.2% and feeders falling 3.7%, to the cotton’s shiny 1.8% rally. In between we saw corn close 0.8% higher, copper [...]

Session Summary: I was having a conversation with my friend Neils Christensen from Kitco News Friday, and I made a similar point to him about gold that I did soybeans a couple days ago by mentioning the Benjamin Franklin Fish [...]

Session Summary: I thought long and hard about what we saw take place across a number of markets Thursday, and the best theme I could come up with was Newsom’s Market Rule #4A. This rule states, “A market that can’t [...]

Session Summary: Commercial traders were busy Wednesday in almost every commodity market sector. This group’s buying interest was obvious in lean hogs, soybeans, and corn while selling interest could be seen in live cattle and natural gas. Feeder cattle, crude [...]

Session Summary: A number of markets recovered some of Monday’s moves, not unusual for a Tuesday. Live cattle and feeder cattle were two of the most impressive markets, posting initial rallies before falling to triple-digit losses, only to post strong [...]

Session Summary: Those of you who have followed along over the years will be familiar with a couple of ideas having to do with the number One, as it relates to Monday’s session. First, if one adheres to the One [...]

Session Summary: For the most part, you can file Thursday’s close under “Meaningless” given 99.9% of the industry is anxiously awaiting Friday’s round of monthly USDA Supply and Demand reports (I’ll give you one guess as to who the 0.1% [...]

Session Summary: As a good friend put it in a message to me Wednesday afternoon, “Interesting session in grains and oilseeds”. On one hand we saw the wheat complex continue to run higher, seemingly for no reason whatsoever, while on [...]

Session Summary: Tuesday was one of those days when nearly every market was bullish, the why not mattering at all. Through the early part of the session you couldn’t find a market in the red, though as the day progressed [...]

Session Summary: Monday was a great example of Newsom’s Market Rule #4A (A market that can’t go down, won’t go down) at work. As I talked about in Weekly Analysis, the energy complex looked to be in position for a [...]

Session Summary: We’ve reached the end of another week, and as a good friend said around mid-morning, “It looks like folks are already checking out for the week.” There was movement in a number of markets, but not a lot [...]

Session Summary: The turning of the calendar page meant it was time to get back to business, and markets reflected that sentiment with many of them still sitting at the starting gate late in the day. Most notable of these [...]

Session Summary: Wednesday was one of those days when all you could do was just sit back and watch. Almost every sector was flying around, some up and some down. For example, crude oil jumped to a gain of 2% [...]

Session Summary: Tuesday was a mix of boring and exciting markets, with not much happening in between. Silver posted a strong rally with Dec gaining almost 4% ($1.00), making gold’s $20 jump (1.1%) seem lethargic in comparison. Feeder cattle also [...]

Session Summary: Early in the day I was planning on a title for this Afternoon Commentary referencing Garfield the Cat’s hatred of Mondays and love of lasagna. And while a pan of hot lasagna still sounds good, markets erased any [...]

Session Summary: Another week has come and gone, for the most part, with only some financial markets still trading. Commodities ended a mostly bearish weak in the green, led by a strong rally in lean hogs. Here we saw solid [...]

Session Summary: Thursday was an odd session with a number of markets bouncing back and forth as the day progressed. Let’s start with the US dollar as it rallied to a new monthly high of 94.59 before falling back into [...]

Session Summary: The spotlight shown bright on silver, and the precious metal continued to melt down with the Dec contract falling $1.60, or about 6.5% for the day. Gold was better, in relative terms, losing only $41 or 2.1% from [...]

Session Summary: I gave a good deal of thought to what word best described Tuesday’s activity, and though there were a number of solid contenders, “Meh” seemed to fit the best. By definition it is an adjective meaning uninspiring or [...]

Session Summary: There’s an old market saying I like to repeat at the end of session like what we saw Monday, “One day does not a trend make.” Sometimes meltdowns happen and can soon be forgotten if the respective markets [...]

Session Summary: Though I’ll be talking more about the subject in my Weekly Column this coming weekend, suffice it to say investment money continues to pour into the commodity sector. A look at the quote screen Friday afternoon shows that [...]

Session Summary: It was another wild day in the commodity sector, a day highlighted by continued buying almost across the board. The most volatile market continues to be soybeans, a classic example of a Runaway Train market. Corn remains in [...]

Session Summary: Wednesday provided us a great example of what a market can do in a vacuum, with the subject being soybeans. I’ll go into more detail below but suffice it to say Tuesday’s selling interest quickly evaporated leading to [...]

Session Summary: As hard as it is to believe, we’ve reached the midpoint of September. As if in honor of that milestone, ag markets in general stumbled and fell. The wheat complex was the biggest loser with all three markets [...]

Session Summary: …I want to say interesting, but that’s not the right word. Boring? Too harsh. Quiet? In some cases, but certainly not livestock. Here we saw lean hogs hit by heavy selling, with the Oct-Dec spread indicating most of [...]

Session Summary: The spotlight was on the lean hog market again Friday, as futures continue to react to Thursday’s story of an African Swine Fever case in Germany, Europe’s “biggest hog-producing nation” and “a key supplier to China”. This goes [...]

Session Summary: All other markets took a back seat to lean hogs Thursday, as the first three contracts raced limit ($3.00) up, while the fourth contract out (April 2021) hit limit but couldn’t lock. Still, this was enough for daily [...]

Session Summary: While some markets made strong moves Wednesday, there wasn’t anything that jumped out at me as extraordinary. Sure, US stock indexes were sharply higher with the S&P 500 up 2.3% and the Nasdaq gaining 3.2%, but this was [...]

Session Summary: Today’s weather across much of the U.S. Plains and Midwest makes one feel like going into hibernation, but that’s not the drop in energy I was referring to with the title. No, what I’m looking at is the [...]

Session Summary: I will admit, I was blissfully unaware there were some in the industry yelling “Frost” and/or “Freeze” into the megaphone Friday until a good friend tipped me off around midday. Back in the day when my desk was [...]

Session Summary: Thursday was notable for some solid selloffs, none more impressive than what was going on in U.S. stock indexes with just over an hour left before the closing bell. The S&P 500 was down 125 points (3.5%) while [...]

Session Summary: I was trying to think of the right word to describe Wednesday’s session, and “peculiar” seemed the best fit. Every time one turned around, something was changing, and not by just a little bit. I posted a Quick [...]

Session Summary: Tuesday’s session, with all its twists and turns, turned out to be an interesting first day of meteorological autumn. Leading the way was winter wheat markets as Dec Chicago (SRW) posted a gain of almost 12 cents while [...]

Session Summary: Yes, it’s time to turn the calendar page from August to September, marking the end of meteorological summer and the beginning of meteorological fall. Before we watch the last summer sunset of 2020, we saw the rally in [...]

Session Summary: Corn and soybean traders resembled the typical husband realizing at the last minute he still needed to buy his significant other a birthday, anniversary, Valentine, or Christmas (feel free to insert any holiday) card and or present. Usually, [...]

Session Summary: A number of markets had that feel to them late Thursday, that feeling when short-term trend changes were either occurring or soon to be seen. After U.S. Fed Chairman Powell talked about interest rates staying at or near [...]

Session Summary: The grain and oilseed complex is caught up in a full-fledged summer weather market with corn (up 2.8%) and soybeans (up 1.6%) rocketing higher Tuesday, pulling the wheat complex along for good measure. Meanwhile, crude oil finally woke [...]

Session Summary: As expected, there was a lot going on Monday, with a couple of the most explosive markets being cotton (up 2.4%) and RBOB gasoline (up 6.5%). Meanwhile, crude oil did next to nothing as the dual hurricanes move [...]

Session Summary: The best word I could come up with for Friday’s session was interesting, with this a better description for some markets more than others. Take corn, for example, while the Dec contract closed just over a penny higher [...]

Session Summary: There were some big movers Wednesday, most notably gold and silver, but this time to the downside. Gold fell almost $65, or 3.2%, while silver dropped $1.27 or 4.5% (for additional analysis, see Wednesday morning’s Chart of the [...]

Session Summary: If, like me, you found your interest in Tuesday’s proceedings lacking, spending more time looking at the inside of your eyelids than the quote screen, it was perfectly understandable. Trade volume in general was down across the grain [...]

Session Summary: The grain and oilseed complex came out of the weekend with all guns blazing. This wasn’t just the Big Three of Corn, Soybeans, and the Wheat Complex, but less talked about markets of rough rice, oats, and canola [...]

Afternoon Summary: A number of markets didn’t do much Friday, making it easier for us to turn our attention to the always exciting silver market. At last check the more active September contract was down almost $1.50, or roughly 5.3% [...]

Afternoon Summary: Today should’ve been Friday, because the close by the grain and oilseed complex would’ve been a nice way to head into the weekend. Strong buying was seen from the outset with much of the activity tied to commercial [...]

Afternoon Summary: For those that doubt the ability of markets to work without government interference, Wednesday was a great reminder they can. USDA released generally bearish supply and demand numbers for spring crops, yet soybeans rallied almost a dime and [...]

Afternoon Summary: Corn tried to rally but came back to near unchanged. Soybeans moved lower early, then rallied, before also finishing within fractions of Monday’s close. The wheat complex closed higher but lacked any real enthusiasm over the course of [...]

Afternoon Summary: Yukon Cornelius, of Rudolph the Red Nosed Reindeer fame, best summed up Monday’s action in corn and soybeans with his emphatic line, “Bumbles bounce!”. Some would argue this is similar to the old standby market tag, “Dead Cat [...]

Afternoon Summary: On a day like today we have to look for the positives, the silver linings of the black clouds that seem to be gathering. Grain and oilseeds were lower, cotton took a beating, cattle markets closed in the [...]

Afternoon Summary: As we all know, markets are constantly changing. However, based on Newton’s First Law of Physics, despite all the change the general trend remains the same until acted upon by an outside force. And as of Thursday afternoon, [...]

Afternoon Summary: Most markets didn’t change much from what was seen early Wednesday morning, though some were able to build on overnight moves. Most notable in the latter group was corn, while soybeans sagged below unchanged early and didn’t recover. [...]

Afternoon Summary: Tuesday saw some key contracts hit new lifetime lows, a bearish sign but certainly within boundaries of normal seasonal tendencies. Most notable in this group was one of the three Kings of Commodities, new-crop December corn as it [...]

Afternoon Summary: Monday seemed to be a feeling out session for corn and soybeans with neither market able to accomplish much. The weather was largely benign with the morning starting off cooler than normal for early August. Meanwhile, weather maps [...]

Afternoon Summary: With closing bells ringing for the various markets Friday afternoon, another week and month has come to an end. The grain and oilseed complex was relatively quiet over the course of the day, though markets were generally able [...]

Afternoon Summary: Thursday afternoon saw some interesting market moves, none more than the strong 1.50 rally by December cotton. Here we saw a strong round of commercial buying, with a weakening carry seen all across the 2020-2021 forward curve. Similar [...]

Afternoon Summary: Commercial traders took control of ag markets Wednesday with solid selling seen in corn, soybeans, live cattle, feeder cattle, and lean hogs. Meanwhile, this same group was buying wheat, most notably winter markets. Cotton saw moderate noncommercial buying [...]

Afternoon Summary: It was hard to the put the brakes on the grain and oilseed complex Tuesday, noted for corn finding increased pressure heading into the close and wheat finally giving in to spillover selling from the Big Two markets. [...]