Wheat Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of all U.S. Wheat at 75 mb (blue column) through Thursday, July 09, a point in [...]
Beef Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026 calendar-year export shipments of U.S. beef at 354.5 1,000 MT (blue column) through Thursday, July 09, a point in the [...]
Pork Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026 calendar-year export shipments of U.S. pork at 959.5 1,000 MT (blue column) through Thursday, July 09, a point in the [...]
US Drought Monitor
The latest weekly US Drought Monitor update, for the week ending Tuesday, July 14 (slide 1) showed little change from the previous week (slide 2). The latest map continued to [...]
Two Constants
Morning Summary: After an initial running of the traps of the various sectors of the commodity complex early Thursday morning, I found two constants: Financials (US Treasury futures) were in [...]
Weather, War, Watson, and Whisky
Afternoon Summary: For today’s title, I almost went with “Grains: The New Softs”. A look at the quote screen Wednesday afternoon and the Grains sector does indeed look like what [...]
Same Story, Different Dictator
Morning Summary: There is a definite pattern that has developed over the past decade as dictators from around the world use the same playbook. A check of the quote screen [...]
Think Again
Morning Summary: Just when I think I may have figured out how the game is played these days, it changes, forcing me to think again. The pattern has been, during [...]
Wait For It
Afternoon Summary: As of this writing the spot-month WTI crude oil contract had rallied as much as $6.40 (9.0%) while Brent crude jumped as much as $6.80 (also 9.0%). Distillates [...]
Just Another Manic Monday
Morning Summary: At Sunday night’s open, it looked like US markets were in for just another Manic Monday. As expected, weekend headlines were filled with talk of escalating fighting over [...]
CFTC Commitments of Traders
Net Positions as of Tuesday, July 07 (Legacy, Futures Only) Corn: Net-long 100,980 contracts (an increase of 36,803 contracts) HRW Wheat: Net-short 6,013 contracts (a decrease of 4,326 contracts) Soybeans: [...]
Retired to the Den
*I’m away from the studio so there won’t be an audio version of Friday’s Afternoon Commentary. Afternoon Summary: As I mentioned in today’s Morning Commentary, there was a good chance [...]
WASDE: July 2026
USDA’s July KENO numbers: Corn The 2026-27 US ending stocks number came in at 1.79 bb as compared to the low end of pre-report guesses at 1.789 bb and the [...]
On the Prowl
Morning Summary: Bears seemed to be on the prowl in the commodity complex Thursday night through early Friday morning, though one has to wonder if they will retreat to their [...]
