Market Commentary 

Another week has gone by. The markets have perked up only to level back out to where we were two weeks ago. Wheat looks like the support for the markets right now because of Russia’s crop loss due to frost and the continuing conflict with Ukraine.

Good afternoon. It’s been a wild week for sure. The markets seem to be ending the week working substantially higher. We have several factors contributing to this, but weather is in the forefront.

Good afternoon. Well, wheat has been the word of the week. In the last 7 trading sessions July wheat has rallied 70¢ off the lows. This is quite a feat indeed, as the old-crop wheat spreads are making new lows.

Good afternoon. It’s been a while since our last communication. There hasn’t been much change in the grain markets.  They just continue to grind along here as we struggle to find a story.

What another wild week in the grain markets. Volatility is still very high, and even the slightest bit of news, good or bad, has massive implications on prices.

Good afternoon. First of all, we want to keep folks affected by the tornadoes last night in our prayers. We did have some very nice weather for the majority of the week, and receipts did pick up nicely as farmers decided to haul grain.

China has started to cancel wheat shipments, and there could be more cancellations to come. Turned out to be a not so big report day.

I hope everyone survived the storms earlier this week with no major damage. This cold front appears to be moving out and it looks like we might reach 70 degrees come the end of the weekend into the first of next week. Spring planting will be here before we know it!

Good afternoon, I hope you are all able to enjoy this weather. It was another big week on the news front. We did have the USDA report a couple of corn sales in the export market totaling 355,000 MT. One was to Mexico, and the other is to Columbia.

It appears that the groundhogs did not see their shadows, so spring, here we come. The futures markets for both corn and beans continue to struggle to gain any strength this week.