More Red Numbers

2022-06-23T05:44:04-05:00June 23rd, 2022|Commentary, Morning Commentary|

Morning Summary: The commodity sector was red, generally across the board, with some of the largest selloffs seen in the grain and oilseed complex. I’ll get to the specific markets shortly, but in summary the breakdown occurred on heavy trade [...]

Big Moves

2022-06-21T06:09:49-05:00June 21st, 2022|Commentary, Morning Commentary|

Morning Summary: It was another night of big moves in commodities, with the energy sector in the spotlight once again. Here, distillates took center stage as the spot-month contract rallied as much as 19.4 cents (4.5%) and was still showing [...]

The Day After

2022-06-14T06:12:32-05:00June 14th, 2022|Commentary, Morning Commentary|

Morning Summary: Well, markets made it through another Monday, and yes, it was as ugly as many had feared. Following the close, the main talking point was the S&P 500 closing in bearish territory meaning more than 20% below its [...]

The Waiting Game

2022-06-10T06:09:26-05:00June 10th, 2022|Commentary, Morning Commentary|

Morning Summary: Yes, it’s another day of waiting to get the latest round of USDA nonsense out of the way so we can get back to trading real fundamentals in the grain and oilseed complex. What am I looking for [...]

Green No More

2022-06-09T06:10:41-05:00June 9th, 2022|Commentary, Morning Commentary|

Morning Summary: Recall 24 hours ago how nearly every market in the commodity complex was wearing green, almost as if celebrating another St. Patrick’s Day. A look at the quote screen early Thursday morning shows almost the exact opposite, with [...]

Abby Normal

2022-06-03T06:13:03-05:00June 3rd, 2022|Commentary, Morning Commentary|

Morning Summary: The early conversation on CNBC’s Squawk on the Street program Friday morning was of how individual stocks are seeing double-digit percentage changes from day to day. Both hosts, Becky Quick and Brian Sullivan, agreed this is not normal [...]

Another Day

2022-06-02T06:06:55-05:00June 2nd, 2022|Commentary, Morning Commentary|

Morning Summary: Maybe we should call this “Turnaround Thursday”. No, that’s a bad idea. Time for another cup of coffee. I’ll be right back. (A slight pause while Paul McCartney’s song “Another Day” plays in the background.) Okay, now I’m [...]

The Stage is Set

2022-05-31T05:54:08-05:00May 31st, 2022|Commentary, Morning Commentary|

Morning Summary: Early markets are interesting Tuesday morning starting with reversals in both the US dollar index and US stock index futures. If you recall from Monday evening’s Quick Takes, the US dollar index was under light pressure. Since then, [...]

A Quiet Morning

2022-05-27T07:14:04-05:00May 27th, 2022|Commentary, Morning Commentary|

Morning Summary: There is a chance we get through Friday with most markets staying relatively quiet. After all, many made big moves Thursday, activity worthy of taking us into the US 3-day holiday weekend. But because of the scheduling we [...]

Still the Same

2022-05-26T06:02:22-05:00May 26th, 2022|Commentary, Morning Commentary|

Morning Summary: Was I surprised to see another selloff in the grain and oilseed complex early Thursday morning? Not entirely, no. While continued pressure might not fit with fundamentals, it is in line with the technical picture generally across the [...]

Retail Selling

2022-05-17T05:55:54-05:00May 17th, 2022|Commentary, Morning Commentary|

Morning Summary: As the grain and oilseed sector looks ahead at extended weather forecasts, the question continues to build if rains across parts of the US Plains and Midwest could now be viewed as bearish? Additionally, the sector in general [...]

Seeing Red

2022-05-09T06:15:02-05:00May 9th, 2022|Commentary, Morning Commentary|

Morning Summary: If the color red makes you feel nauseated, then Monday might be a good day to find something else to do and leave the quote screen turned off. After all, parts of the US Plains and Midwest are [...]

Moving Forward

2022-05-05T06:08:48-05:00May 5th, 2022|Commentary, Morning Commentary|

Morning Summary: As I mentioned in Wednesday’s Afternoon Commentary, markets in general shrugged off the announced US interest rate hike of 50-basis points. To its credit, the US Federal Open Market Committee has not played a guessing game with its [...]

Hard to Believe

2022-04-29T06:13:27-05:00April 29th, 2022|Commentary, Morning Commentary|

Morning Summary: It’s hard to believe but we’ve already reached the end of April, meaning spring is two-thirds complete. What makes this even more incredible is most of the corn, soybean, spring wheat, and cotton seed for 2022 remains in [...]

Oil(seed) Strike

2022-04-27T06:06:26-05:00April 27th, 2022|Commentary, Morning Commentary|

Morning Summary: The oilseed sector is in the spotlight Wednesday as Indonesia’s ban on exports goes into effect. The sector has seen some movement already this week, most notably US soybean oil issues hitting new contract highs. But similar moves [...]

Green Day

2022-04-26T05:55:59-05:00April 26th, 2022|Commentary, Morning Commentary|

Morning Summary: As you recall, there have been mornings in the not-too-distant past when the commodity complex was glowing red. This is not the case early Tuesday as nearly every market of every sector is showing green, including the greenback [...]

In a Fog

2022-04-21T07:29:24-05:00April 21st, 2022|Commentary, Morning Commentary|

Morning Summary: I don’t know what the weather is like where you are, but a look outside the DNAI corporate headquarters here in suburban Omaha allows me to see little. The fog is as thick as pea soup, as the [...]

Hair of the Dog

2022-04-20T05:51:36-05:00April 20th, 2022|Commentary, Morning Commentary|

Morning Summary: There were no huge surprises overnight through early Wednesday morning, though a solid drop by the US dollar index first caught my eye. After initially hitting 101.04 (reportedly), the green back fell to a low of 100.31 and [...]

The Fun has Begun

2022-04-12T06:20:01-05:00April 12th, 2022|Commentary, Morning Commentary|

Morning Summary: There were a number of markets making big moves overnight through early Tuesday morning, with the chorus of voices singing “Turnaround Tuesday” growing louder already. I would argue that today could be a “Turnaround Turnaround Tuesday” given Monday’s [...]

Back to Reality

2022-03-30T06:03:51-05:00March 30th, 2022|Commentary, Morning Commentary|

Morning Summary: Though it is difficult to read much into Tuesday night through Wednesday morning’s overnight session, it does seem most markets took a turn back to the reality not much has actually changed in Ukraine. We talked about this [...]

A Mixed Morning

2022-03-29T06:33:14-05:00March 29th, 2022|Commentary, Morning Commentary|

Morning Summary: A quick check of the various market sectors early Tuesday shows mixed results. Energies were able to gain back some of Monday’s meltdown with Brent crude up $1.15 (1.0%) while WTI crude rallied $0.80 (0.7%). On the other [...]

A Lot of Red

2022-03-28T06:06:04-05:00March 28th, 2022|Commentary, Morning Commentary|

Morning Summary: The commodity complex was showing a lot of red to start the week, led by a sharp selloff in the energy complex. Here we see the Brent crude market lost as much as $5.31 (4.4%) overnight while WTI [...]

The Spirit of the Day

2022-03-17T06:18:39-05:00March 17th, 2022|Commentary, Morning Commentary|

Morning Summary: This being St. Patrick’s Day, a day when everyone pretends to be just a wee bit Irish, the commodity complex in general got into the spirit of the day by wearing green across the board. The energy sector [...]

A Hiking We Will Go

2022-03-16T06:23:01-05:00March 16th, 2022|Commentary, Morning Commentary|

Morning Summary: The day has finally arrived. Many will argue, and I include myself in this camp, it is months too late, but Wednesday will see the US Federal Reserve raise its Fed Fund Rate, most likely by only 0.25% [...]

Not a Bullish Start to Pi(e) Day

2022-03-14T06:01:40-05:00March 14th, 2022|Commentary, Morning Commentary|

Morning Summary: There were rumblings late Sunday afternoon the nearly 3-week old war in Ukraine could be nearing its end. While I couldn’t find any news to back up those sentiments, market activity was indicating something may be brewing on [...]

The Ride Isn’t Over

2022-03-11T06:10:13-06:00March 11th, 2022|Commentary, Morning Commentary|

Morning Summary: Raise your hand if this week’s wild roller-coaster ride is making you queasy. If your hand is up you aren’t alone, for mine is raised as well. The overnight session into Friday morning was more of the same, [...]

Talk in Turkey

2022-03-10T06:16:10-06:00March 10th, 2022|Commentary, Morning Commentary|

Morning Summary: As mentioned Wednesday afternoon, I kept an eye out overnight for a headline that might be linked the reversal in most markets yesterday. The only one I came up with was there were high level talks in Turkey [...]

Cut it Out, Can’t Ya?!

2022-03-09T06:17:30-06:00March 9th, 2022|Commentary, Morning Commentary|

Morning Summary: My usual check of the various market sectors was anything but normal early Wednesday morning, with the one jumping out at me Tuesday’s reported beef cutouts[i]. Choice came in at $252.44, down $2.27 for the day, while select [...]

Carefree Highway

2022-03-08T06:08:50-06:00March 8th, 2022|Commentary, Morning Commentary|

Morning Summary: For some reason, when I look at the various market sectors early Tuesday the opening line of Gordon Lightfoot’s classic “Carefree Highway” starts playing in my mind, “Picking up the pieces of my sweet, shattered dream…”. While some [...]

Not Enough

2022-03-07T06:19:40-06:00March 7th, 2022|Commentary, Morning Commentary|

Morning Summary: It was made clearer over the weekend the world has not done enough to pressure Russia’s Putin as the horror stories continue roll out of Ukraine. The recent “when is no sanction a sanction” move by US President [...]

No Rest for the Weary

2022-03-03T05:49:16-06:00March 3rd, 2022|Commentary, Morning Commentary|

Morning Summary: If one is in the markets these days, nearly any market, it’s best to catch a quick nap between the end of the day session and beginning of overnight trade and then staying up all night to watch [...]

Confusion

2022-03-02T06:25:41-06:00March 2nd, 2022|Commentary, Morning Commentary|

Morning Summary: It has been quite a day already in commodities, and it is still early morning. As I was watching financial news and tracking markets for this Commentary, it got be if one blinked they missed a big move. [...]

Welcome to Spring

2022-03-01T06:10:21-06:00March 1st, 2022|Commentary, Morning Commentary|

Morning Summary: The first day of March is the first day of meteorological spring, meaning the start of a new season. Unfortunately, the news is the same as when we closed out winter with Russian President Putin reportedly stating something [...]

The News Has Not Improved

2022-02-25T06:08:15-06:00February 25th, 2022|Commentary, Morning Commentary|

Morning Summary: The stories coming out of Ukraine Thursday were horrifying, including the 13 border guards stationed on an outlying island. When told to surrender by the captain of a Russian warship, they collectively had a crude yet colorful response. [...]

Escalation

2022-02-24T05:55:57-06:00February 24th, 2022|Commentary, Morning Commentary|

Morning Summary: It’s a somber morning early Thursday, as Russia’s President Putin escalated military action in Ukraine. Reports overnight were that shelling was occurring at major military sites across Ukraine, all as Mr. Putin knows more economic sanctions are coming [...]

Taking a Breather

2022-02-23T06:07:48-06:00February 23rd, 2022|Commentary, Morning Commentary|

Morning Summary: A check of the various market sectors early Wednesday shows most are taking a breather from recent activity, due in part to few new headlines regarding the situation in Ukraine. The lone update I found was from The [...]

Oh, What a Night

2022-02-22T06:04:17-06:00February 22nd, 2022|Commentary, Morning Commentary|

Morning Summary: No, it isn’t late December, but based on global developments over the long US 3-day holiday weekend it could easily have been 1963. As I’ve talked about in my latest Weekly Columns, the Cold War has heated up [...]

The Present Presidents’ Day

2022-02-21T06:13:37-06:00February 21st, 2022|Commentary, Morning Commentary|

Morning Summary: Yes, this is a US holiday for the grain and oilseed sector but there was activity in other markets overnight following a flurry of headlines. As you’ve likely read, France’s President Macron helped work out tentative details for [...]

Status Quo

2022-02-18T06:00:40-06:00February 18th, 2022|Commentary, Morning Commentary|

Morning Summary: As usual of late, the first news I check for, after the US curling scores (it didn’t go well against our friends to the North last night), is for headlines regarding Ukraine and Russia. Early Friday morning finds [...]

Looks to Be an Interesting Day

2022-02-17T06:07:56-06:00February 17th, 2022|Commentary, Morning Commentary|

Morning Summary: It has already been a busy morning for headlines, led by breaking news on CNBC’s early Worldwide Exchange program that read, “Kremlin: Concerned By Flare-Up In Eastern Ukraine”. The story that followed was Moscow did not want the [...]

Risk Off, Risk On

2022-02-16T05:51:12-06:00February 16th, 2022|Commentary, Morning Commentary|

Morning Summary: This should surprise no one: The first news story I saw early Wednesday morning was that global traders were again concerned about Russia’s intentions toward Ukraine, with Moscow again saying it isn’t going to invade. As I talked [...]

Still on Hold

2022-02-14T06:10:51-06:00February 14th, 2022|Commentary, Morning Commentary|

Morning Summary: Well, the Big Game has come and gone here in the United States bringing with it another Monday morning. For the rest of the world not paying attention to the Super Bowl, the Ukraine/Russia situation remains on hold, [...]

February Rain

2022-02-11T06:21:45-06:00February 11th, 2022|Commentary, Morning Commentary|

Morning Summary: I had seen the forecasts, yet there was still something odd to the sound of a rainstorm moving through Omaha early this mid-February morning. There’s an old saying for almost every weather event, so I’ll have to ask [...]

Back at It

2022-02-10T06:18:34-06:00February 10th, 2022|Commentary, Morning Commentary|

Morning Summary: Markets were back at it overnight through early Thursday morning, starting with the slightly lower US dollar index. The greenback didn’t move much, posting a range of 0.18 and was sitting near mid-range at this writing. The Canadian [...]

Well, That’s Interesting

2022-02-09T06:01:43-06:00February 9th, 2022|Commentary, Morning Commentary|

Morning Summary: I was casually working through the various market pages I have set up on my quote system Wednesday morning, when I got to Corn. A quick glance led me to exclaim, to nobody else in my home basement [...]

The Red Glow

2022-02-08T05:51:24-06:00February 8th, 2022|Commentary, Morning Commentary|

Morning Summary: As you fire up your quote screens Tuesday morning, you might be aware of a red glow coming from your computer. Don’t be alarmed, it isn’t the equivalent of the blue screen of death that we’ve likely all [...]

A Mixed Monday Morning

2022-02-07T05:55:18-06:00February 7th, 2022|Commentary, Morning Commentary|

Morning Summary: It was a mixed market Monday morning (it will be interesting to see how many times I have to redo the audio edition trying to say that opening line). Starting in currencies, as I tend to do, the [...]

Back at It

2022-02-04T06:12:14-06:00February 4th, 2022|Commentary, Morning Commentary|

Morning Summary: I was a little late writing Morning Commentary Friday as I was taking notes on a CNBC interview covering the workplace revolution going on in the United States and around the world. This is an important subject, one [...]

A Different Day

2022-02-03T06:17:24-06:00February 3rd, 2022|Commentary, Morning Commentary|

Morning Summary: As you check markets early Thursday morning, you’ll see things look different today. To begin with, the US dollar index is showing some strength, up 0.20 at this writing after gaining as much as 0.25 overnight. This had [...]

One Last Time

2022-01-31T05:55:18-06:00January 31st, 2022|Commentary, Morning Commentary|

Morning Summary: It’s hard to believe we have reached Morning Commentary for the last time in January. Everyone always wonders the same thing, where did the month go? But it is indeed January 31 meaning the beginning of a weeklong [...]

More of the Same

2022-01-28T06:13:50-06:00January 28th, 2022|Commentary, Morning Commentary|

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 [...]

Another Day, Another Dollar

2022-01-27T06:11:48-06:00January 27th, 2022|Commentary, Morning Commentary|

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 [...]

A Quiet Morning

2022-01-26T05:30:09-06:00January 26th, 2022|Commentary, Morning Commentary|

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 [...]

A Lot of Red Early

2022-01-21T06:21:53-06:00January 21st, 2022|Commentary, Morning Commentary|

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 [...]

A Lighter Shade of Red

2022-01-20T06:10:47-06:00January 20th, 2022|Commentary, Morning Commentary|

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 [...]

Not Everything Changes

2022-01-19T06:43:25-06:00January 19th, 2022|Commentary, Morning Commentary|

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 [...]

A Lot of Red, Part 2

2022-01-14T06:05:35-06:00January 14th, 2022|Commentary, Morning Commentary|

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 [...]

A Lot of Red

2022-01-13T06:01:49-06:00January 13th, 2022|Commentary, Morning Commentary|

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 [...]

A Familiar Cliche

2022-01-11T05:51:41-06:00January 11th, 2022|Commentary, Morning Commentary|

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 [...]

Another Quiet Night

2022-01-10T06:01:58-06:00January 10th, 2022|Commentary, Morning Commentary|

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 [...]

The Weekend is in Sight

2022-01-07T06:14:57-06:00January 7th, 2022|Commentary, Morning Commentary|

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 [...]

Paint it Black

2022-01-06T06:22:55-06:00January 6th, 2022|Commentary, Morning Commentary|

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 [...]

Short Night, Quiet Morning

2022-01-05T06:00:20-06:00January 5th, 2022|Commentary, Morning Commentary|

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 [...]

Everything is Green, Almost

2022-01-04T06:08:31-06:00January 4th, 2022|Commentary, Morning Commentary|

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, [...]

Happy New Year!

2022-01-03T05:51:14-06:00January 3rd, 2022|Commentary, Morning Commentary|

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%, [...]

The Last Day

2021-12-31T04:59:14-06:00December 31st, 2021|Commentary, Morning Commentary|

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 [...]

Red Markets in the Morning

2021-12-30T05:57:21-06:00December 30th, 2021|Commentary, Morning Commentary|

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 [...]

There’s Always One

2021-12-29T05:45:58-06:00December 29th, 2021|Commentary, Morning Commentary|

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 [...]

Another Green Morning

2021-12-28T06:17:25-06:00December 28th, 2021|Commentary, Morning Commentary|

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 [...]

Back at It

2021-12-27T05:59:59-06:00December 27th, 2021|Commentary, Morning Commentary|

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 [...]

Not So Silent Night

2021-12-22T05:24:08-06:00December 22nd, 2021|Commentary, Morning Commentary|

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 [...]

A Red Start to the Week

2021-12-20T06:09:46-06:00December 20th, 2021|Commentary, Morning Commentary|

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 [...]

Back in the Green

2021-12-16T06:08:12-06:00December 16th, 2021|Commentary, Morning Commentary|

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 [...]

A Red Fed Wednesday

2021-12-15T06:05:45-06:00December 15th, 2021|Commentary, Morning Commentary|

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), [...]

A Lot of Red

2021-12-14T06:15:54-06:00December 14th, 2021|Commentary, Morning Commentary|

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 [...]

Sideways

2021-12-13T06:06:15-06:00December 13th, 2021|Commentary, Morning Commentary|

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 [...]

A Quiet Winter Morn

2021-12-10T06:18:00-06:00December 10th, 2021|Commentary, Morning Commentary|

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 [...]

More Red that Green

2021-12-08T05:53:51-06:00December 8th, 2021|Commentary, Morning Commentary|

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 [...]

Blowout

2021-12-07T06:08:46-06:00December 7th, 2021|Commentary, Morning Commentary|

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 [...]

A Very Monday-Like Morning

2021-12-06T06:20:33-06:00December 6th, 2021|Commentary, Morning Commentary|

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 [...]

Another Report Day

2021-12-03T06:00:45-06:00December 3rd, 2021|Commentary, Morning Commentary|

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 [...]

Covid, Crude, and Cartels

2021-12-02T06:14:38-06:00December 2nd, 2021|Commentary, Morning Commentary|

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 [...]

Welcome to Winter

2021-12-01T05:49:52-06:00December 1st, 2021|Commentary, Morning Commentary|

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 [...]

Not as Black as Friday

2021-11-29T06:04:28-06:00November 29th, 2021|Commentary, Morning Commentary|

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 [...]

Check the Brine

2021-11-24T05:54:23-06:00November 24th, 2021|Commentary, Morning Commentary|

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 [...]

(Blank Blank) Bright Eyes

2021-11-23T06:04:29-06:00November 23rd, 2021|Commentary, Morning Commentary|

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 [...]

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