A Reprieve

2021-06-23T06:01:16-05:00June 23rd, 2021|Commentary, Morning Commentary|

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, [...]

It’s Fed Day Wednesday

2021-06-16T06:02:58-05:00June 16th, 2021|Commentary, Morning Commentary|

Morning Summary: The US Federal Open Market Committee (FOMC, The Fed) will make its latest announcement on interest rates Wednesday afternoon with the general consensus being no move will be made. However, commentators are talking about how the wording of [...]

Not Enough

2021-06-11T05:56:00-05:00June 11th, 2021|Commentary, Morning Commentary|

Morning Summary: A look at Friday morning’s radar gives us an idea as to “why” new-crop corn, soybeans, and spring wheat markets are under pressure to start the day, but the reality is this fast-moving line of thunderstorms isn’t going [...]

Here We Go Again

2021-06-08T06:17:31-05:00June 8th, 2021|Commentary, Morning Commentary|

Morning Summary: It’s another summer morning, meaning the grain and oilseed complex was higher again overnight. Similar to 24 hours ago, contracts have lost some of their bullish enthusiasm, not unusual pre-dawn activity as traders wait for the next weather [...]

A Green Morning

2021-06-04T05:52:32-05:00June 4th, 2021|Commentary, Morning Commentary|

Morning Summary:  The grain and oilseed complex rallied again overnight, erasing Thursday’s loss and setting the stage for what should be another volatile opening round of WWW (Wraparound Weather-market Weekend) Activity. A look at the past 72-hour precipitation map shows [...]

Up and Running

2021-06-02T05:52:48-05:00June 2nd, 2021|Commentary, Morning Commentary|

Morning Summary:  The JBS cyberattack was front and center in financial news again this morning, with the talk from the company being most of its operations will be up and running Wednesday. Again this sounds familiar to what Colonial Pipeline [...]

Dollar Daze

2021-05-25T06:09:22-05:00May 25th, 2021|Commentary, Morning Commentary|

Morning Summary: The US dollar index was under pressure again overnight and still sitting in the red early Tuesday morning. This sets up what should be an interesting end of May/beginning of June timeframe, with the greenback’s long-term monthly chart [...]

Should Be Fun

2021-05-20T06:13:38-05:00May 20th, 2021|Commentary, Morning Commentary|

Morning Summary: Given what we saw at the end of Wednesday’s session and overnight through early Thursday morning, Thursday promises to be a fun day. As we get rolling on a new day both the energy and metals complexes were [...]

It Rained Again

2021-05-17T05:59:36-05:00May 17th, 2021|Commentary, Morning Commentary|

Morning Summary: While the commodity sector in general stabilized overnight the grain and oilseed complex was under pressure. This highlights the difference between futures markets (gold, copper, crude oil, etc.) and weather derivatives (corn, soybeans, wheat, and so on). The [...]

Recovery Day

2021-05-14T06:08:00-05:00May 14th, 2021|Commentary, Morning Commentary|

Morning Summary: The commodity sector was able to recover some of Thursday’s collapse overnight, with green numbers posted nearly across the board. At first glance I find three exceptions early Friday: July canola is down $1.50 (0.2%), July cocoa is [...]

Return to Routine

2021-05-12T06:07:27-05:00May 12th, 2021|Commentary, Morning Commentary|

Morning Summary: A quick glance across the market landscape Wednesday morning shows a more familiar sight, with the commodity sector mostly higher. Some markets, like those in the oilseed complex, were showing sharp gains with the in-delivery May soybean oil [...]

It Rained

2021-05-10T06:11:47-05:00May 10th, 2021|Commentary, Morning Commentary|

Morning Summary: This past weekend was notable for a few reasons. First, Colonial Pipeline, one of the United States’ largest pipelines carrying refined gasoline form the Gulf Coast to New York, had to be shut down Friday night following a [...]

Another Green Screen, Mostly

2021-05-07T06:14:16-05:00May 7th, 2021|Commentary, Morning Commentary|

Morning Summary: it’s another day ending in “y”, so that means commodities in general must be higher. There were a few glitches as the energy complex traded lower overnight, the crude oil market falling as much as $0.34 before gaining [...]

Another Mixed Morning

2021-05-04T06:20:47-05:00May 4th, 2021|Commentary, Morning Commentary|

Morning Summary: If you liked what you saw as markets got under way for the month of May Monday, you should enjoy the follow-up activity overnight through early Tuesday morning. Let’s start with the stronger US dollar index as it [...]

Worth Noticing

2021-04-30T05:51:11-05:00April 30th, 2021|Commentary, Morning Commentary|

Morning Summary: Friday is first notice day for May futures contracts in the grain and oilseed complex, and there were a few interesting developments. Going on the assumption “a large number of deliveries tend to pressure nearby futures while a [...]

Something to Talk About

2021-04-28T06:27:59-05:00April 28th, 2021|Commentary, Morning Commentary|

Morning Summary: First, my apologies for Morning Commentary being late this morning. It has been an interesting Wednesday so far. While I was waiting for computer updates to finish, I noticed a number of familiar commodities being talked about as [...]

Now THAT’S a Squeeze

2021-04-27T05:58:05-05:00April 27th, 2021|Commentary, Morning Commentary|

Morning Summary: Because of how I’ve set up my cmdtyView quote screen, the first thing I see most mornings is the grain and oilseed complex, and the top contract is nearby corn. Tuesday morning, when I fired up the old [...]

Taking a Breather

2021-04-23T06:07:59-05:00April 23rd, 2021|Commentary, Morning Commentary|

Morning Summary: Given the incredible move we’ve seen in the grain and oilseed complex this week, it’s not overly surprising markets took a breather overnight through early Friday morning. However, we need to keep in mind what I mentioned in [...]

More of the Same

2021-04-20T05:48:20-05:00April 20th, 2021|Commentary, Morning Commentary|

Morning Summary: If you liked what you saw Monday in the grain and oilseed complex, then you won’t be disappointed in what the markets did overnight through early Tuesday morning. If, on the other hand, you were uncomfortable with Monday’s [...]

Dollar Down

2021-04-19T06:02:11-05:00April 19th, 2021|Commentary, Morning Commentary|

Morning Summary: That crashing sound you heard overnight was the US dollar index falling through support and technical price targets, reaching a low of 91.08, its lowest level since March 4. Conversely, as one would expect, the euro rocketed through [...]

Casual Friday

2021-04-16T05:50:56-05:00April 16th, 2021|Commentary, Morning Commentary|

Morning Summary: Most commodity markets took a much more relaxed approach overnight, some might even call it casual, generally showing muted moves early Friday morning. The US dollar index was down slightly, while the euro posted a small rally, both [...]

The Song Remains the Same

2021-04-15T05:57:51-05:00April 15th, 2021|Commentary, Morning Commentary|

Morning Summary: A quick check of the markets early Thursday morning shows us much the same as we’ve seen of late. The US dollar index is under light pressure, though the euro and Brazilian real have also drifted lower, and [...]

Turn the Page

2021-04-12T12:07:44-05:00April 12th, 2021|Commentary, Morning Commentary|

Morning Summary: We made it to another week, this one including the midpoint of the month of April, and meteorological spring, meaning even more attention will be paid to weather and new-crop grain markets. I’ll talk more about this in [...]

Opening Day

2021-04-01T05:31:29-05:00April 1st, 2021|Commentary, Morning Commentary|

Morning Summary: We made it to Thursday morning, April 1, Opening Day for more than the 2021 Major League Baseball season. We can also consider the start of April as having crossed the threshold into planting season across North America, [...]

Follow-Through Tuesday

2021-03-30T05:38:51-05:00March 30th, 2021|Commentary, Morning Commentary|

Morning Summary: If you liked what you saw at the end of Monday’s session, then you won’t be disappointed with what markets are showing us early Tuesday. Most are on the same path with the US dollar index stronger, the [...]

Green Again

2021-03-26T06:00:52-05:00March 26th, 2021|Commentary, Morning Commentary|

Morning Summary: The commodity sector was mostly in the green again early Friday morning, led by renewed buying interest in the energy complex. Here we see most markets up more than 2%, with distillates leading the way with a 2.5% [...]

A Lot of Red

2021-03-22T06:05:10-05:00March 22nd, 2021|Commentary, Morning Commentary|

Morning Summary: A quick check of markets early Monday shows a lot of red to start the week, with metals hit hardest. Silver was down 2.7% to start the day while gold was off 0.6% and copper slipped 0.1% lower. [...]

“A Frothy Exchange”

2021-03-19T06:03:41-05:00March 19th, 2021|Commentary, Morning Commentary|

Morning Summary: The commodity sector stabilized overnight through early Friday morning with many markets gaining back some of what was lost during Thursday’s extraordinary session. Crude oil was up $0.70 (1.1%) with flat futures spreads indicating most of the support [...]

Just Another Morning

2021-03-18T05:58:45-05:00March 18th, 2021|Commentary, Morning Commentary|

Morning Summary: An initial check of markets early Thursday shows nothing extraordinary, nothing that immediately grabs the attention and says, “Talk about this first.” Instead, we see markets similar to what we’ve grown accustomed to with the US dollar index [...]

Feeling the Pinch

2021-03-17T05:58:02-05:00March 17th, 2021|Commentary, Morning Commentary|

Morning Summary: While some of the markets went along with the Wearing of the Green early Wednesday others were likely to feel a pinch, the result of failing to play the game on this St. Patrick’s Day. If you happen [...]

Not as It Seemed

2021-03-16T06:05:21-05:00March 16th, 2021|Commentary, Morning Commentary|

Morning Summary: As I mentioned in Monday’s Afternoon Commentary, my interest first thing Tuesday morning would be changes seen in open interest in the grain and oilseed markets given the CME’s increased speculative position limits. Based on Monday’s market activity, [...]

A Quiet Morning

2021-03-10T05:55:24-06:00March 10th, 2021|Commentary, Morning Commentary|

Morning Summary: Yes, some markets made big moves overnight through early Wednesday morning, most notably the grain and oilseed complex, but trade volume was relatively light across the board. The US dollar index had climbed back above 92.00, up about [...]

Dollar Down

2021-03-09T05:58:47-06:00March 9th, 2021|Commentary, Morning Commentary|

Morning Summary: One of the first things I noticed upon firing up the old quote screen Tuesday morning was the US dollar index was under pressure to start the day. The greenback had erased as much as 0.42 of its [...]

More of the Same

2021-03-08T06:06:21-06:00March 8th, 2021|Commentary, Morning Commentary|

Morning Summary: If you’ve liked what you’ve seen in the markets lately, then you should be pleased with where things are early Monday. The US dollar index strengthened again, rallying as much as 0.32 overnight, while US Treasury futures were [...]

Through Bloodshot Eyes

2021-03-04T05:50:07-06:00March 4th, 2021|Commentary, Morning Commentary|

Morning Summary: After pouring myself the usual cup of coffee to start the day, my first trip through running the traps of the various market sectors made me think I was looking at the world through bloodshot eyes. Treasury futures [...]

A Mixed Morning

2021-03-03T06:01:37-06:00March 3rd, 2021|Commentary, Morning Commentary|

Morning Summary: Checking the commodity sector early Wednesday shows us mixed results, with the energy complex showing a strong gain and metals a solid selloff. In the energy complex, crude oil was up almost 2% with the spot-month contract gaining [...]

3-2-(2)1 Go!

2021-03-02T06:02:05-06:00March 2nd, 2021|Commentary, Morning Commentary|

Morning Summary: What does the title of this morning’s Commentary mean? Not much, just that I noticed the day resembles the countdown: March (3) 2, (202)1. Okay, maybe I haven’t had enough coffee yet. A look at the markets early [...]

March of the Bulls

2021-03-01T06:01:11-06:00March 1st, 2021|Commentary, Morning Commentary|

Morning Summary: We have crossed the bridge into meteorological spring and from what we’ve seen so far this March, the new month is much like what we’ve seen the last half-year. Metals led the way early Monday with silver up [...]

“This is the End…”

2021-02-26T08:29:54-06:00February 26th, 2021|Commentary, Morning Commentary|

Morning Summary: Friday marks the last trading day of the week, month, and quarter while this weekend brings a close to meteorological winter. Given that, as we look ahead to the day, the opening sequence from Apocalypse Now might be [...]

Points of Interest

2021-02-25T05:52:24-06:00February 25th, 2021|Commentary, Morning Commentary|

Morning Summary: At first glance, Thursday morning markets seemed to be a bit calmer than what we’ve seen so far this week, with a couple of exceptions. First, 30-year T-bond futures fell to a new 13-month low of 160-07 overnight [...]

Another Spring-Like Day

2021-02-24T05:42:45-06:00February 24th, 2021|Commentary, Morning Commentary|

Morning Summary: Commodities in general continue to live in a world where every morning (or so it seems) brings more green. Just like spring. Similar to Tuesday morning, the oilseed complex led the way higher once again with soybeans and [...]

A Different Oil Leads the Way

2021-02-23T06:01:37-06:00February 23rd, 2021|Commentary, Morning Commentary|

Morning Summary: The story Monday afternoon was crude oil’s 4% rally to start the week, though canola wasn’t far behind when the final bell rang. As Tuesday gets underway, the oilseed complex is roaring higher once again with canola up [...]

Back in the Office

2021-02-19T06:07:35-06:00February 19th, 2021|Commentary, Morning Commentary|

Morning Summary: Good morning everyone. I am back in the office and appreciate your patience while I was on the road this week. Fortune smiled on me as the weather, while cold, was cooperative for a quick trip up to [...]

Cold as Ice

2021-02-17T05:55:47-06:00February 17th, 2021|Commentary, Morning Commentary|

Morning Summary: It’s another cold morning across most of North America again Wednesday, with sub-freezing temperatures once again stretching south to the US Gulf Coast. But here’s the funny thing, as cold as it is this morning, it feels warm [...]

Happy New Year, Again

2021-02-12T06:08:34-06:00February 12th, 2021|Commentary, Morning Commentary|

Morning Summary: Friday morning is the start of Lunar New Year, a holiday observed by the world’s largest buyer of commodities – China. A few minutes of research tells me that by the Chinese calendar, 2021 is a Year of [...]

Scattered Thoughts

2021-02-11T05:54:59-06:00February 11th, 2021|Commentary, Morning Commentary|

Morning Summary: Thursday is one of those mornings when no clear market thoughts come to my head. The dust has settled from the day before, and now we wait for the next sunrise. Then the one after that, then the [...]

A Mixed Midweek Morning

2021-02-10T05:51:50-06:00February 10th, 2021|Commentary, Morning Commentary|

Morning Summary: it almost seems as if commodity traders took the night off after what has already been a volatile week. On the green side of the screen we find the usual suspects: Energies were mostly higher with both crude [...]

More of the Same

2021-02-09T05:53:45-06:00February 9th, 2021|Commentary, Morning Commentary|

Morning Summary: Not much changed overnight, except for US stock index futures were showing small losses rather than their usual gains. Otherwise, the US dollar index was back under pressure, extending the short-term downtrend I talked about late last week, [...]

Calm Before the Storm

2021-02-05T06:01:58-06:00February 5th, 2021|Commentary, Morning Commentary|

Morning Summary: The grain and oilseed sector was mostly higher overnight in generally quiet trade. However, the talk of Thursday afternoon was the coming change in position limits for the various markets, setting the stage for what could be an [...]

The Rest of Winter’s First Day

2021-02-03T06:01:10-06:00February 3rd, 2021|Commentary, Morning Commentary|

Morning Summary: With all the pageantry and science of Groundhog Day now behind us (unless you are caught in an actual Groundhog Day loop), Wednesday morning marks our first step into the next six weeks of winter. Interestingly enough, the [...]

Groundhog Day Eve Morning

2021-02-01T06:04:58-06:00February 1st, 2021|Commentary, Morning Commentary|

Morning Summary: The first morning of a new week and fresh month is off and running, and if not for Groundhog Day on Tuesday this piece could easily have been titled “Hi Yo Silver, Away!”. As expected, the Reddit Rebels [...]

A Silver Lining

2021-01-29T05:56:20-06:00January 29th, 2021|Commentary, Morning Commentary|

Morning Summary: With everything going on across the various market sectors, one that could be flying under the radar a bit is the explosive rally seen the last two days in silver. I mentioned Thursday’s move in Afternoon Commentary, and [...]

Where to Begin

2021-01-28T06:15:50-06:00January 28th, 2021|Commentary, Morning Commentary|

Morning Summary: There is a lot going on as we head into Thursday, so much so we can set away the “Throwaway” moniker usually attached to this day of the week. While commodities will garner their fair share of attention [...]

Day Three

2021-01-27T05:58:24-06:00January 27th, 2021|Commentary, Morning Commentary|

Morning Summary: The grain and oilseed complex was higher overnight for the third consecutive morning, bringing to mind the Benjamin Franklin Fish Similarity. Recall Mr. Franklin is credited for saying, “Guests, like fish, start to stink after three days.” When [...]

Snow Day

2021-01-25T05:49:49-06:00January 25th, 2021|Commentary, Morning Commentary|

Morning Summary: A look at Monday morning’s weather map shows a storm band stretching nearly unbroken from San Diego, California to Nags Head, North Carolina. Much of the US Southern Plains and Midwest is expected to see heavy snow and [...]

Frantic Indeed

2021-01-22T06:06:18-06:00January 22nd, 2021|Commentary, Morning Commentary|

Morning Summary: Recall from Throwaway Thursday’s Afternoon Commentary that I was looking for a typical Frantic Friday, particularly since we are heading into another key South American weather weekend. Many markets are headed in the opposite direction of what we [...]

A Fresh Start

2021-01-21T05:53:09-06:00January 21st, 2021|Commentary, Morning Commentary|

Morning Summary: A look across the pre-dawn market landscape shows a sense of normalcy has returned, allowing for a fresh start in some cases. The US dollar index was back under pressure, now casting doubt on the potential bullish technical [...]

Let’s See What the Day Brings

2021-01-20T06:04:38-06:00January 20th, 2021|Commentary, Morning Commentary|

Morning Summary: Regardless of what side of the aisle one sits on here in the United States, we remember the storming of the Capitol that occurred two weeks ago. As we wait for sunrise this Wednesday morning, Inauguration Day of [...]

Another Long Short Week Ahead

2021-01-19T06:03:25-06:00January 19th, 2021|Commentary, Morning Commentary|

Morning Summary: Another US holiday shortened trading week is off and running, but rather than a quick 4-day sprint this could be viewed as a 96-hour obstacle course. While it’s possible the US is able to make it to the [...]

Let’s Do It Again

2021-01-14T05:56:22-06:00January 14th, 2021|Commentary, Morning Commentary|

Morning Summary: Another overnight session, another Thursday morning, another rally in the grain and oilseed complex. Yes, the US dollar index was down and US stock index futures were up, mostly, just as they are nearly every day at this [...]

Hangover

2021-01-13T06:00:20-06:00January 13th, 2021|Commentary, Morning Commentary|

Morning Summary: Some will call it “follow-through” buying in the grain and oilseed market overnight, but given most traders likely got an early start on Whiskey Wednesday following Tuesday’s session, I’m going to say we saw “hangover” activity. In other [...]

Back to “Normal”

2021-01-12T06:07:36-06:00January 12th, 2021|Commentary, Morning Commentary|

Morning Summary: Don’t misunderstand the title this morning, the only thing “normal” about this Tuesday morning is market activity. Otherwise, well, to borrow a line from Sgt. Esterhaus from the tv show “Hill Street Blues”, “Let’s be careful out there.” [...]

Endless Possibilities

2021-01-11T06:07:03-06:00January 11th, 2021|Commentary, Morning Commentary|

Morning Summary: CNBC host Becky Quick had the line of the morning as she looked ahead at this coming week, “Endless possibilities of what may unfold.” What we have seen so far overnight into early Monday is the US dollar [...]

If Not For…

2021-01-08T05:03:30-06:00January 8th, 2021|Commentary, Morning Commentary|

Morning Summary: …the events of this week, I would sit here on this winter Friday morning and tell you markets were normal overnight. US stock index futures were higher, the energy complex was in the green, and grains and oilseeds [...]

Fallout

2021-01-07T06:03:09-06:00January 7th, 2021|Commentary, Morning Commentary|

Morning Summary: Where the US goes from here is the main topic of discussion Thursday morning is what’s next. While there is a great deal of talk about the invoking the 25th Amendment, global markets have moved forward with most [...]

How Bizarre

2021-01-06T06:07:20-06:00January 6th, 2021|Commentary, Morning Commentary|

Morning Summary: CNBC’s Brian Sullivan was spot on when he said on the network’s Worldwide Exchange program Wednesday morning, “Most bizarre morning for stock futures in a while. Dow up (higher interest rates = good news for banks), Tech down [...]

Georgia On My Mind

2021-01-05T06:00:39-06:00January 5th, 2021|Morning Commentary|

Morning Summary: It’s quite possible traders will have this song playing repeatedly over the course of Tuesday session (and if so, most likely the brilliant Ray Charles version) given the Georgia Senate runoff election taking place today. There are two [...]

Holy Buckets!

2021-01-04T05:56:29-06:00January 4th, 2021|Commentary, Morning Commentary|

Morning Summary: That was a message a good friend left me overnight after looking at markets, and he was absolutely correct. March soybeans gained as much as 38.5 cents, March corn jumped 14 cents higher, and March Chicago wheat reached [...]

The End is Near

2020-12-31T06:02:02-06:00December 31st, 2020|Commentary, Morning Commentary|

Morning Summary: It’s Thursday morning, the start of New Year’s Eve Day, meaning the end of 2020 is drawing near. What better way to go out than a replay of a scenario we have seen countless times since September: The [...]

I had to Laugh

2020-12-30T06:03:26-06:00December 30th, 2020|Commentary, Morning Commentary|

Morning Summary: It isn’t often the first thing I do upon firing up the quote screen in the morning is chuckle. But that is exactly what happened early Wednesday when I saw soybeans were down, with the March contract losing [...]

Out of the Box

2020-12-28T05:43:23-06:00December 28th, 2020|Commentary, Morning Commentary|

Morning Summary: Late Sunday evening, news came out that US President Trump signed the stimulus and government spending bill, the latter presumably keeping the government open until at least January. This news sparked a rally in US stock index futures [...]

Wash, Rinse, Repeat

2020-12-23T05:42:06-06:00December 23rd, 2020|Commentary, Morning Commentary|

Morning Summary: If you liked what you saw in the grain and oilseed complex Monday and Tuesday, then you’ll enjoy what transpired overnight through early Wednesday morning. Over the course of the session soybeans, corn, and wheat all traded lower, [...]

A Much Quieter Morning

2020-12-22T05:23:21-06:00December 22nd, 2020|Commentary, Morning Commentary|

Morning Summary: A quick scan of the various market sectors Tuesday morning shows most are much quieter than they were 24 hours ago. Recall Monday’s Commentary when the US dollar index had rallied more than 1.00, taking out both 90.00 [...]

ABC

2020-12-21T05:44:52-06:00December 21st, 2020|Commentary, Morning Commentary|

Morning Summary: While I don’t know if Monday morning’s markets are as “Easy as 123”, but the abrupt change in direction overnight seems to be based on the ABCs. The US dollar index was up almost a $1, or a [...]

Welcome Back

2020-12-18T05:57:57-06:00December 18th, 2020|Commentary, Morning Commentary|

Morning Summary: When last we talked both silver and soybeans had just extended recent rallies with large spike gains. While soybeans have followed through with another strong overnight session, silver came under pressure from a slightly stronger US dollar index. [...]

Dollar Down Again

2020-12-16T06:08:12-06:00December 16th, 2020|Commentary, Morning Commentary|

Morning Summary: As we await Chairman Powell’s statements at the conclusion of the US Federal Reserve’s 2-day meeting Wednesday, we can watch the US dollar index continue to go down. Recall a couple weeks ago when the intrigue was the [...]

After College

2020-12-15T06:04:01-06:00December 15th, 2020|Commentary, Morning Commentary|

Morning Summary: The Electoral College system used here in the United States took another step in finalizing last month’s Presidential Election Monday, with Mr. Biden receiving 306 electoral votes to Mr. Trump’s 232, with 270 needed to claim victory as [...]

“Good Night Beijing…”

2020-12-14T06:04:03-06:00December 14th, 2020|Commentary, Morning Commentary|

Morning Summary: A good friend sent me this message as I was researching overnight markets for Monday’s Morning Commentary, and I thought it was spot-on. That same friend lives in South Dakota and he added it felt like (-7°) Fahrenheit [...]

Fried(ay) Red Markets

2020-12-11T05:47:23-06:00December 11th, 2020|Commentary, Morning Commentary|

Morning Summary: Yes, I know the name of the book/movie/recipe is “Fried Green Tomatoes”, but it’s Friday morning and I thought it was a catchy title with most markets in the red. The first that jumped out at me when [...]

A Different Type of Rubber Band

2020-12-10T05:52:39-06:00December 10th, 2020|Commentary, Morning Commentary|

Morning Summary: The commodity sector was mostly in the green again early Thursday morning with outside markets showing familiar patterns. The US dollar index was lower, looking to slide back below 91.00. Meanwhile the euro and Canadian dollar were in [...]

Another Quiet Morning

2020-12-09T06:02:10-06:00December 9th, 2020|Commentary, Morning Commentary|

Session Summary: Markets in general were relatively quiet overnight through early Wednesday morning with the largest change, as of this writing, a 1.3% loss by March silver. Feb gold was down about $12 (0.6%) while March copper notched a 0.6% [...]

Another Tequila Sunrise

2020-12-08T06:06:22-06:00December 8th, 2020|Commentary, Morning Commentary|

Morning Summary: Let’s see, according to the market calendar we have Mojito Monday’s, Whiskey Wednesday’s, Thirsty Thursday’s, and Fireball Friday’s. This being a Tuesday, a day when many folks want to talk Turnarounds, let’s follow the advice of the great [...]

A Different Way to Start the Day

2020-12-07T06:06:06-06:00December 7th, 2020|Commentary, Morning Commentary|

Morning Summary: A look across the market landscape early Monday morning shows us a slightly different view than what we’ve grown accustomed to. For starters the US dollar index is in the green, poking its head back above 91.00 to [...]

Almost the Weekend

2020-12-04T05:49:58-06:00December 4th, 2020|Commentary, Morning Commentary|

Morning Summary: Yes, it is Friday morning again, one more day until the first weekend of winter. Overnight markets were generally the same as they have been for days now with the US dollar index lower, US stock index futures [...]

The Last Day of Fall

2020-11-30T06:03:36-06:00November 30th, 2020|Commentary, Morning Commentary|

Morning Summary: As the full moon, also called the “Beaver Moon” sets Monday morning, we will embark on the last day of meteorological fall. Once we turn the page to December, the season changes to winter. This is often accompanied [...]

Getting Ready for Turkey

2020-11-25T05:44:55-06:00November 25th, 2020|Commentary, Morning Commentary|

Morning Summary: 24 hours from now, those of us in the United States will be settling in for a day of family, feasting, and football as we celebrate Thanksgiving Day. Wednesday is for preparation, a day when a lot of [...]

A Dose of Different

2020-11-24T06:14:08-06:00November 24th, 2020|Commentary, Morning Commentary|

Morning Summary: Tuesday morning was a bit different than what we saw 24 hours ago, most notably in the grain and oilseed complex. More on that later. In other news, the US dollar index once again failed to build on [...]

Like So Many Before

2020-11-23T06:08:02-06:00November 23rd, 2020|Commentary, Morning Commentary|

Morning Summary: Let’s get the US Thanksgiving week rolling like so many before with the US dollar under pressure while stock index futures post a solid overnight rally Sunday into Monday morning. The commodity sector was mostly higher, led by [...]

Red Numbers

2020-11-19T06:01:19-06:00November 19th, 2020|Commentary, Morning Commentary|

Morning Summary: A quick scan of the commodity sector early Thursday morning shows us nothing but red numbers, with even the usually contrarian natural gas market sitting in the red. Some of the pressure could be tied to a stronger [...]

More of the Same

2020-11-18T05:35:12-06:00November 18th, 2020|Commentary, Morning Commentary|

Morning Summary: If you liked what you saw Monday and Tuesday of this week, you should enjoy what markets were doing early Wednesday morning. The US dollar index was down, again, sparking a rally in energies, softs, and the grain [...]

Should Be an Interesting Week

2020-11-16T06:00:43-06:00November 16th, 2020|Commentary, Morning Commentary|

Morning Summary: US stock index futures jumped at the open Sunday evening, setting the stage for what is expected to be another interesting week for markets. When I fired up my computer early Monday morning I was expecting to see [...]

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