Morning Summary: It’s as if Thursday’s session never closed, but simply took a break for dinner and celebrating before starting the party up again that has now lasted into Friday morning. The US dollar continues to strengthen, hitting a new [...]
Morning Summary: The US dollar is in the spotlight again Thursday morning, with the index adding another 0.45 to Wednesday’s post-Fed Chairman Powell comments spike to 96.54. The US dollar index ($DXY) is now in position to complete a long-term [...]
Morning Summary: Most markets were relatively quiet overnight through early Wednesday morning, not a huge surprise given all the activity we’ve seen so far this week. The US dollar index was showing a small gain, up 0.14 and sitting at [...]
Morning Summary: It would be easier to talk about the few markets that are in the green early Friday than list all those showing losses to start the day. Beginning with currencies, the US dollar index was under light pressure [...]
Morning Summary: Running the traps early Thursday morning shows a number of commodity markets were lower, but rather than invoke the “Red markets in the morning...” warning, I’ll point out most showed a lighter shade of red to start the [...]
Morning Summary: A number of markets changed directions overnight, erasing at least some of Tuesday’s moves. The US dollar index was slightly weaker, giving back as much as 0.18 of yesterday’s strong 0.57 rally. The flip-side, naturally, is the euro [...]
Morning Summary: As we finally get a start to this week, markets will do so looking much like they did last Friday. The US dollar index firmed overnight, erasing a loss of 0.13 with a gain of as much as [...]
Morning Summary: Thursday in this space I talked about how most markets were red following overnight selling. This morning, markets are more mixed with energies posting a solid rally and softs are higher while metals and grains and oilseeds are [...]
Morning Summary: A quick check of markets early Thursday morning shows a lot of red, starting with the US dollar index. Following Wednesday’s free fall, the greenback lost another 0.27 overnight as it hit a low of 94.71. On the [...]
Morning Summary: The overnight session on the grain and oilseed sector before the release of USDA reports is meaningless. I could talk a great deal about how March soybeans fell as much as 6.5 cents while March corn was sitting [...]
Morning Summary: A quick look at markets this morning and a familiar cliché comes to mind – Turnaround Tuesday. This phrase used to make my late friend Gary Wilhelmi chuckle, due to its absurdity, and it is an idea that [...]
Morning Summary: Welcome to a new week everyone. The strange thing was it was a relatively quiet Sunday night through early Monday, an oddity made more peculiar by the global headlines over the weekend. The one that jumped out at [...]
Morning Summary: We’ve reached Friday morning meaning the weekend is in sight, not only for us humans but the algorithms that do most of the trading these days. Given the wild market activity to start this month, it’s highly likely [...]
Morning Summary: It’s hard to believe, but it has already been a year. The first thing I did this morning was go back and read my Afternoon Commentary Summary from January 6, 2021 (“Anarchy”), Morning Commentary Summary from January 7 [...]
Morning Summary: It’s possible traders stayed up late last night watching US college football’s Texas Bowl, and if so the lack of market activity is understandable. The game didn’t end until after 11pm (CT), with the post-game hoopla lasting to [...]
Morning Summary: I’ll say this for 2022 so far, traders are bullish. A quick check of the various markets early Tuesday morning shows almost everything to be in the green. Exceptions make a small list that includes copper, cocoa, oats, [...]
Morning Summary: 2022 got off to a rollicking start Sunday evening as the commodity complex in general jumped at the open of trade for the new year. The biggest move was made by the oilseed sector as soybeans gained 1.8%, [...]
Morning Summary: The last day of the year is always one of reflection, looking back at what was, wondering what might’ve been if one thing had gone differently. In the case of 2021, things happened in the United States I [...]
Morning Summary: I’ve paraphrased the old sailor saying to “Red markets in the morning” before, though I don’t know that it necessarily holds true that traders need to take warning. Particularly this time of year when trade volume seems to [...]
Morning Summary: A quick check of the various commodity sectors early Wednesday shows generally quiet markets. Except for one, there’s always one. And in this case it’s not hard to imagine which one it is. That’s right, natural gas as [...]
Morning Summary: A look across the commodity complex landscape shows a consistent green early Tuesday morning with only an occasional blotch of red to be seen. Metals were mostly higher with gold, silver, palladium, and platinum showing gains while only [...]
Morning Summary: The last 3-day holiday weekend of 2021 is now behind us meaning all that’s ahead of us is the last 5 trading days of the year. Shortly after Sunday’s open of the various commodity sectors, markets were back [...]
Morning Summary: We have reached the last trading day of the week before markets head into holiday, and it promises to be a busy one. We’ve seen a lot of activity so far this week, with much of it driven [...]
Morning Summary: Compared to what we saw 24 hours ago the commodity complex was raucous overnight through early Wednesday morning. While most of the talk will be of the continued rally in crude oil, with follow-through commercial buying pushing the [...]
Morning Summary: Tuesday morning saw the commodity complex doing its best holly and ivy imitation, though unlike Monday there was more ivy (green) than holly (red). The exception was the grain and oilseed complex where it was roughly an even [...]
Morning Summary: It is early Monday morning on a holiday week, and as we would expect a number of markets are showing light overnight volume. One that saw a lot of activity though was crude oil where the spot-month contract [...]
Morning Summary: When this week ends later Friday, it will be remembered for some wild pendulum swings posted by a number of markets. One of the first that comes to mind is crude oil with its daily changes of +1.33, [...]
Morning Summary: Not only has the weather calmed down considerably from Wednesday, but markets are a bit more docile as well. The hubbub over the US Federal Reserve announcements has come and gone meaning financial markets are again focused on [...]
Morning Summary: All eyes and ears will be on US Fed Chairman Powell Wednesday, waiting for this month’s 2-day meeting to conclude, an announcement to be made on tapering and tightening (feel free to sing AC/DC’s “T-N-T” if you’d like), [...]
Morning Summary: A quick check of the various market sectors shows a lot of red early Tuesday morning, though selloffs weren’t large in most cases. Natural gas led the way lower, losing 2%, as weather forecasts remain mild for much [...]
Morning Summary: A number of years ago there was a movie about two friends touring California’s wine country titled “Sideways”. For some reason this came to mind early Monday as I checked the various commodity sectors, and nearly every market [...]
Morning Summary: The commodity complex was quietly mixed early Friday morning, and while the calendar shows us to be in December, meaning winter, the weather outside is anything but frightful. At least for now. As I mentioned in Friday’s early [...]
Morning Summary: Most commodity sectors were in the red early Thursday though overnight trade volume was generally light. Some of this was due to a stronger US dollar index as the greenback firmed as much as 0.20 overnight, putting pressure [...]
Morning Summary: As I ran the traps of the different commodity market sectors early Wednesday morning, the clear pattern was more markets were in the red (lower) to start the day than in the green (higher). Notably, crude oil was [...]
Morning Summary: A look at the energy complex early Tuesday and the first thing that jumps out is another strong rally by crude oil. The spot-month contract gained as much as $2.20 (3.1%) overnight, with solid buying tied to both [...]
Morning Summary: I don’t mean to sound like the cartoon character Garfield the Cat, but Monday mornings do indeed have a certain feel to them. For many it’s hard to get going without copious amounts of coffee, a market that [...]
Morning Summary: In the grain and oilseed complex, there is a certain set of the industry that anxiously awaits each and every report from USDA so they have something to talk about. This group likes to pretend it is stoutly [...]
Morning Summary: Setting the hubbub over omicron aside for the time being, early Thursday’s news cycle will likely be dominated by the OPEC+ meeting that will decide, among other things, if the cartel will adhere to its planned output increase [...]
Morning Summary: Yes, it is Wednesday, December 1, the first day of meteorological winter and it seems all the wailing and rending of garments at the end of November was for naught. As is usually the case, all it took [...]
Morning Summary: We’ve seen this before, lived this before, this volatile back and forth ride in nearly every market based in part on headlines tied to the latest round of covid. Last Friday saw a major meltdown on word out [...]
Morning Summary: This past weekend acted as a cooling off period for most markets, giving global traders time to find out more about the Omicron covid variant that led to last Friday’s collapse. The first thing that came to mind [...]
Morning Summary: At this point of the holiday week many in the US have lost interest in markets and are more concerned about that special family secret brine for turkey that will soon be going in the oven, fryer, or [...]
Morning Summary: If we were on the game show where one has to fill in the blanks of well-known sayings, all of you who were around for the beginning of MTV (Music Television) in the early 1980s would know to [...]
Morning Summary: We have officially entered the markets' holiday season with US Thanksgiving on the calendar this Thursday. Historically it has been a time of year when, due to the lingering effects of tryptophan or general lack of interest, markets [...]
Morning Summary: I think I’ve said before I like to leave my quote screen on currencies when I shut it down each evening. This way it is the last set of markets I check each day and the first thing [...]
Morning Summary: For the most part, if you liked what you had at closing time Wednesday you can have another as a round of hair-of-the-dog early Thursday. I’m talking about markets, of course, with the US dollar index showing follow-through [...]
Morning Summary: The US dollar index hit the next long-term upside target on its continuous monthly chart at 96.09 overnight, reaching as high as 96.24 before backing off a bit. Meanwhile, US 10-year T-note futures stubbornly hold above last month’s [...]
Morning Summary: A quick check of the various market sectors finds the spotlight not so much on a commodity, but currencies instead. Leading the way is the US dollar index as it has rallied nearly 0.50 so far this week. [...]
Morning Summary: Another Monday morning has rolled around, and not much has changed. News headlines are the same as they were late last week, with the only difference being the US dollar index is showing a small loss rather than [...]
Morning Summary: It’s Friday morning, meaning another weekend is looming large on the horizon. This one will be different than those we’ve seen since August given the 2021 harvest is now largely a thing of the past. This means the [...]
Morning Summary: Before setting forth on Morning Commentary today, let me offer a tip of the cap in respect to all veterans this Armistice Day. The eleventh hour of the eleventh day of the eleventh month, 1918. Turning our attention [...]
Morning Summary: Now that the latest round of imaginary numbers are out of the way in the grain and oilseed complex, markets can go about getting back to reality of price discovery associated with real fundamentals. But before we get [...]
Morning Summary: Yes, Tuesday is another USDA monthly Supply and Demand report day, a day when 99% of the industry is giddy with excitement while the rest of us view it with a “here we go again” approach. I’ll talk [...]
Morning Summary: Early Monday morning seems like so many others we’ve seen in the past, with commodities starting the week mostly in the green. The energy complex is posting another strong rally led by natural gas and its 2.0% gain. [...]
Morning Summary: Somehow we’ve reached Friday morning already, another week flying by, taking us closer to winter. There wasn’t a lot of news out this morning, though I did notice a headline talking about another Chinese real estate company, Kaisa, [...]
Morning Summary: I was tracking the US dollar, Treasuries, and stock markets following Wednesday’s announcements from the Federal Open Market Committee (FOMC, Federal Reserve, the Fed). While Chairman Powell was not going to be trapped by questions of when the [...]
Morning Summary: As we reach the mid-point of the week, a new question has emerged in some of the hottest commodity markets on the planet. Are we seeing fundamental-led rallies reach the end of the line? The first one that [...]
Morning Summary: It took me a bit longer to scan through Tuesday morning’s news, not because I was swamped with market moving material but rather the opposite. I was having a hard time finding much that could be considered “news”. [...]
Morning Summary: Here we are early Monday morning, the first day of November, and markets are already flying all over the place. The big mover was cotton as the December contract gained another 3.5% overnight. The most recent news story [...]
Morning Summary: As we sit quietly waiting for the dark of night to lift, the end of another month is creeping up on us like the Grim Reaper (imagine my voice sounding like Vincent Price at the end of Michael [...]
Morning Summary: Early Thursday morning shows most commodity sectors trading quietly, little changed from Wednesday’s close. The outlier is energies where crude oil fell as much as $2.08 (2.5%) overnight and was still showing a loss of $1.25 (1.5%). RBOB [...]
Morning Summary: A quick check of the various commodity sectors would have us jump to the conclusion the US dollar index was considerably stronger overnight through early Wednesday morning. However, the greenback was up 0.02 at this writing after strengthening [...]
Morning Summary: Oh markets, look at you early Tuesday morning. Many of you are doing that thing you do after big Monday moves, that thing that sounds so cliché but when using alliteration fits well with Tuesday. Pre-dawn we see [...]
Morning Summary: It is a familiar story early Monday morning with nearly every commodity sector showing green to start the last week of October. The strongest move was posted in energies, with natural gas once again leading the way. Here [...]
Morning Summary: One of the first things I researched Friday morning was the sharp 15% selloff in US coal futures Thursday. The only story that popped up was from Reuters talking about government intervention in China taking a quick 15% [...]
Morning Summary: Though it has been a while, I know from experience that after one makes an uphill run the tendency is to take a breather. This certainly looks to be the case in most markets early Thursday morning with [...]
Morning Summary: Given overnight market action, it’s possible a number of markets could see big moves during Wednesday’s session. A number of factors could come into play: First, there isn’t much fresh news Wednesday morning with most of the chatter [...]
Morning Summary: I know much is made regarding the tendency of markets to turnaround the second day of the week, but this early Tuesday morning shows most markets following the same path they were on at yesterday’s close. The pre-dawn [...]
Morning Summary: It seemed almost every headline over the weekend here in the US, at least those not sports-related, had something to do with China. This list includes China secretly testing a hypersonic missile, reportedly with nuclear capabilities, the US [...]
Morning Summary: The US dollar index has made an abrupt turn to the downside, following up Wednesday’s 0.44 selloff with a loss of another 0.34 overnight. This has taken the greenback below 94.00 to a low (so far) of 93.76. [...]
Morning Summary: A lot of folks over the US Plains and Midwest got to hear the unusual, at least for the last year or more, rumble of thunder overnight through early Wednesday morning. The irony is it should put the [...]
Morning Summary: Before we get into a discussion of the nonsense of USDA, the overnight session saw the cotton market explode with the December contract gaining as much as 3.1 cents (2.8%). The market continues to be driven by strong [...]
Morning Summary: it would be easier to talk about the markets not in the green to start the week rather than those that are, given it is a much shorter list. A quick look at currencies shows the US dollar [...]
Morning Summary: Friday promises to be a fun day, and if not fun, at least interesting. Not only do we have four MLB playoff games to look forward to, but markets are also giving early indications of making more big [...]
Morning Summary: A number of weeks ago global stock markets were nervous about Chinese real estate giant Evergrande missing its debt payments. Eventually, though, this subject turned quiet as another large corporation struggled with its debt, in what has become [...]
Morning Summary: This time of year, when folks gather around the local cafe early morning, talk turns to the latest yields seen as corn and soybean harvests ramp up. However, sitting alone in my basement office watching financial television, the [...]
Morning Summary: It would’ve been perfect if this fifth of October would’ve fallen on a Whisky Wednesday, but alas, it is only Tuesday. Still, by the time the fifth is through (the day or the bottle), market bulls could be [...]
Morning Summary: Coming out of the weekend the news is much the same as what we’ve seen the last couple weeks. The giant Chinese real estate company Evergrande is back in the news as it quietly missed its debt payments [...]
Morning Summary: A new month and a new financial quarter has begun, yet a look at markets proves the old adage of “the more things change, the more they stay the same”. The US dollar index was showing a little [...]
Morning Summary: Well folks, somehow we have already reached the end of September, the end of the first month of meteorological fall, and the end of most financial markets third quarter. It also means the grain and oilseed sector has [...]
Morning Summary: It was relatively quiet overnight for news, meaning this morning’s chatter on financial television had to do with Senator Warren’s comments Tuesday about US Fed Chairman Powell being a “dangerous man”. As I’ve long said commentators, reporters, and [...]
Morning Summary: If you read Monday’s Morning Commentary, then you’ll like what’s in store for Tuesday because markets are pretty much the same. The grain and oilseed complex is quietly mixed, as are softs. Meanwhile, metals are under pressure as [...]
Morning Summary: The market that grabbed my attention first thing Monday morning was cotton. Here we see the December contract up as much as 2.91 cents (3.0%) overnight and still up more than 2.0 cents at this writing. From a [...]
Morning Summary: One of the first financial news discussions I heard this morning had to do with Costco announcing purchase limits on toilet paper, but that wasn’t the most interesting throne-related news early Friday morning. The other hot topic was [...]
Morning Summary: The US dollar index was under pressure overnight through early Thursday morning, following through on recent bearish technical signals as traders try to decide what to think about US Fed Chairman Powell’s comments Wednesday afternoon. The general consensus [...]
Morning Summary: It’s funny how things just jump out at you when you fire up your quote screen first thing in the morning. Today was one of those days when I got to my grain and oilseed page. Corn, soybeans, [...]
Morning Summary: Yes, “Turnaround Tuesday” is cliché, and a phrase vastly overused in the market commentary industry. But there is a tendency, particularly following a macro event like what we saw Monday, for markets to react the opposite direction. In [...]
Morning Summary: We did see some harvest taking place as we traveled between Omaha, Nebraska and Kansas City this past weekend. Late last week I had a few reports come in of combines getting fired up, mostly across the US [...]
Morning Summary: As we stumble out of bed, making our way to the coffee pot then the quote screen, we see most commodity markets are in the red to start the day. This isn’t overly concerning given the rallies posted [...]
Morning Summary: A quick check of the various market sectors shows not a lot happened overnight, though the US dollar index did show some strength. The greenback traded as much as 0.33 higher and was sitting near its session high [...]
Morning Summary: There was no widespread turnaround activity Tuesday night following the day session’s mostly higher close to the commodity sector. The US dollar index was under pressure once again, falling as much as 0.23 and sitting within the shadow [...]
Morning Summary: The 2008 film “The Dark Knight” was a great movie, up until the climactic fight between Batman and the Joker (but that’s a subject for another day). One of the memorable scenes is when a hijacked tractor-trailer rolls [...]
Morning Summary: While the grain and oilseed complex was relatively quiet overnight through Monday morning, other sectors were seeing solid activity. Most of the talk on CNBC to start the day was of coming tax increases and the bearish effect [...]
Morning Summary: The big news Wednesday was so big I didn’t hear of it second hand until long after markets had closed and Afternoon Commentary had been posted. Reportedly, FSA had mistakenly posted 2021 acreage registrations rather than waiting for [...]
Morning Summary: It’s interesting how things work out. Recall from Tuesday’s Afternoon Commentary, “Hard Red”, when I talked about nearly every commodity market closing in the red to start the week. Often when this happens, though I’ve run no statistical [...]
Morning Summary: Welcome back from the long 3-day US holiday weekend though markets were still acting a bit groggy. Th US dollar index was showing a modest gain, adding as much as 0.13 early and putting light pressure on the [...]
Morning Summary: A quick check of the various pieces of the commodity sector show each complex is mixed, to a certain degree. None more so than grains and oilseeds, though, with how my quote screen is set up showing every [...]
Morning Summary: Most of the stories Thursday morning are centered on water in some way, shape or form. Watching financial news and the first segment was all about the flooding across the Northeast as Ida makes its way back toward [...]
Morning Summary: And here we are, the last day of meteorological summer, and much of the eastern US has seen rain over the last 24 hours (see attached map). It figures, given how dry the summer quarter was for so [...]
Morning Summary: As you’ve all heard, read, and seen by now Hurricane Ida made landfall Sunday on the US Gulf Coast, smashing into Louisiana on the 16th anniversary of Hurricane Katrina doing the same. Early reports are that much of [...]
Morning Summary: I have a daily process I go through when I first fire up the ol’ quote screen each morning. I start by looking at global currencies, with Friday’s check yielding a bit of a surprise as the US [...]
Morning Summary: …Which is good, because it is. There wasn’t much in the way of news to spark the overnight markets, not that we can read much into them anymore anyway. Reportedly global markets are anxiously awaiting Thursday and Friday’s [...]
Morning Summary: Corn and soybeans continue to be stuck in a loop of rallying overnight on light noncommercial trade volume before buyers lose interest as the day progresses. A quick look at the quote screen Tuesday morning shows this same [...]
Morning Summary: It seems as if most markets have forgotten about last week, heading off in a different direction once the opening bell rang Sunday. The US dollar index was down 0.21 at this writing, after falling as much as [...]
Morning Summary: The first thing that jumped out at me Thursday morning was the extended rally by the US dollar index. After posting a solid rally Wednesday, the idea was the greenback could come under pressure overnight through early Thursday [...]
Morning Summary: A quick check of pre-dawn markets shows commodities were generally quiet overnight. Let’s start with the US dollar index, where the greenback is down 0.03 after hitting a high of 93.16 during Tuesday’s strong rally. The dollar is [...]
Morning Summary: There was no clear pattern to the commodity sector overnight through early Tuesday morning, though if I were to pick a direction I’d say markets were mostly lower. There were some rallies, though, with oats posting the largest [...]
Morning Summary: It was a busy weekend and early Monday morning for news. We all watched the inevitable conclusion of 20 years of US presence in Afghanistan as it only took days for the Taliban to reestablish control of the [...]
Morning Summary: For those of you who suffer from triskaidekaphobia, particularly on a Friday, today might be a good day to stay in bed with the covers pulled up over your head. On the other hand, if like me you [...]
Morning Summary: We made it to Thursday, and for everyone in the grain, oilseed, and softs markets we know what that means: The next round of USDA’s made-up supply and demand numbers is set for release later today. The ripple [...]
Morning Summary: Most everywhere one looks early Wednesday is showing a market in the green. The grain and oilseed complex was mixed, with soybeans and canola leading the way higher while Chicago wheat was posting the largest loss. The energy [...]
Morning Summary: In some markets, Tuesday morning is simply a partial reversal of what was seen Monday. Two of the Kings of Commodities, gold and crude oil, were able to rebound overnight following sharp breaks to open the week. Of [...]
Morning Summary: As I mentioned Sunday evening, all three Kings of Commodities were under pressure to start the week, though the leader to the downside changed overnight. Recall gold initially collapsed $85.20 (4.9%) before cutting its loss to $20 as [...]
Morning Summary: A check of the commodity sector shows it was another quiet overnight session starting with the slightly weaker US dollar index. Here traders are likely waiting on the latest round of weekly jobless claims data to be released [...]
Morning Summary: The commodity sector was generally quiet overnight through early Wednesday morning, not overly surprising given the activity we’ve seen so far this week. The US dollar index posted a slight uptick as financial analysts continue to talk about [...]
Morning Summary: I could tack the second part of this old sailor saying on, “…market bulls take warning”, though it may be a bit premature. Sure, soybeans are posting a solid double-digit loss while the rest of the grain and [...]
Morning Summary: August, the last month of meteorological summer, is known for its almost unrelenting heat. However, as the trading month gets under way Monday morning much of the US is showing cooler than normal temperatures (see second attached map [...]
Morning Summary: Thursday morning in this space I talked about breakfast. This morning, coffee has my attention. Maybe it’s because we are set to embark on the end of what has seemed like a long week, leading into a weekend [...]
Morning Summary: A nice sunny side up egg, a slice of ham, and a piece of toast: It’s hard to beat that for breakfast. This morning I can add green markets to the menu, mostly, as commodities react to a [...]
Morning Summary: A quick scan of markets early Wednesday morning doesn’t show me much. The US dollar index is posting a small gain with the euro an equally small loss. Both of these are expected to flip-flop as the morning [...]
Morning Summary: A look at the 5-day precipitation forecast map tells us all we need to know about the overnight rally in the grain and oilseed complex. Much of the Northern Plains and US Midwest is expected to stay dry [...]
Morning Summary: Good morning everyone and welcome to a new week. A look at the US radar shows some popcorn showers scattered across the Northern Plains and Midwest, with the majority of these storms not amounting to much (by my [...]
Morning Summary: A quick check of the commodity sector landscape Friday morning shows it to be just another day, with markets not all that much different than what we saw at Thursday’s close. Coffee continues to make the biggest move [...]
Morning Summary: I know most of you are tied to the grain and oilseed complex in some way, shape, or form, so I’ll start there with a quick recap of the overnight session. It fell, hard. Why? I don’t really [...]
Morning Summary: The first thing that jumped out at me as I ran the normal market traps Wednesday morning was nothing. As in the 5-day precipitation forecast map is largely empty for the US Plains and Midwest. As in markets [...]
Morning Summary: I know the phrase “Turnaround Tuesday” gets tossed around a great deal, and my late friend and CBOT floor reporter Gary Wilhelmi didn’t think much about the idea, but as one who follows cycles and patterns it’s a [...]
Morning Summary: A look at not only the past 72-hour accumulated precipitation map but also the 5-day precipitation forecast, and I couldn’t help but think of a drunken Daffy Duck singing “How dry I am…” (cartoons were so much different [...]
Morning Summary: The commodity sector in general was back in the green early Friday morning, though trade volume was relatively light across the board. In the grain and oilseed complex there were few red markets with oats and canola the [...]
Morning Summary: If you’ve read and or listened to Morning Commentary the previous two days, then you are already caught up on what is going on early Thursday morning. The grain and oilseed complex is showing small losses tied to [...]
Morning Summary: A look at the commodity sector early Wednesday morning shows us a similar picture to what we saw 24 hours ago. The grain and oilseed complex was mostly higher with the big difference between Tuesday and today being [...]
Morning Summary: The grain and oilseed complex looks to be back on the path of reality with the complex generally in the red early Tuesday morning. Some will likely call it Turnaround activity, though in some markets, most notably corn [...]
Morning Summary: For those who follow such things in the grain and oilseed complex, Monday will be filled with make believe numbers courtesy of USDA’s monthly Supply and Demand and NASS’ weekly Crop Progress and Condition reports. None of the [...]
Morning Summary: A look at both the 5-day precipitation forecast and past 24-hour precipitation accumulation maps shows a similar picture to what we’ve seen the last couple mornings. Much of the US Northern Plains and upper Midwest, including Iowa, saw [...]
Morning Summary: Early Thursday morning shows mixed overnight results for the commodity sector, with the biggest move posted by a complex in general being the selloff in energies. Here we see crude oil down as much as $1.44, hitting a [...]
Morning Summary: The grain and oilseed complex was in recovery mode early Wednesday morning, gaining back a small part of what was lost to open the week Tuesday. A similar story was playing out in the energy complex with crude [...]
Morning Summary: For most of this past weekend I really thought the grain and oilseed complex was set to open Monday evening following the 3-day US holiday weekend. A good friend was kind enough to point out this wasn’t the [...]
Morning Summary: As I mentioned in Thursday’s Afternoon Commentary, the grain and oilseed complex could be on the threshold of the most volatile WWW (Wraparound Weather-market Weekend) Activity of the year starting today and lasting through Tuesday morning given the [...]
Morning Summary: We’ve made it to another month, July, what used to be considered THE key month when it came to corn (I’ll be talking more about this in my next Weekly Column). In the grain and oilseed complex, with [...]
Morning Summary: We’ve reached the morning of June 30; already the end of the first month of summer, the end of the second quarter for most financial markets (grains and oilseeds are on a different calendar), and the end of [...]
Morning Summary: One can’t blame the markets for sleeping in Tuesday morning after most sectors posted volatile trade starting overnight Sunday through Monday’s close. However, when markets do wake up and the morning coffee kicks in, most will see the [...]
Morning Summary: The 5-day precipitation forecast map and the grain and oilseed complex agree to start the week, based on color scheme, with both showing green early Monday morning. As for precipitation, the weather system that brought rains to much [...]
Morning Summary: Baseball is a fun sport to track over the spring and summer, as it gives us a good idea of where it’s raining. For the most part, the game isn’t played in the rain, and Thursday evening saw [...]
Morning Summary: Rain is the name of the game again early Thursday morning after a storm system moved across Nebraska into Iowa overnight. Additionally, the 5-day precipitation forecast calling for continued rains over much of the US Midwest through Monday [...]
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, [...]
