Markets have their ups and downs and today was the downside of up. After pretty much adding points for the last several days, today was a modest correction.
There were macro influences such as oil pressed lower and the dollar higher. Equities were mixed, with the Dow dragged lower by sinking IBM shares but continuing good earnings reports providing positive buoyancy to the rest of the indices.
There remain three overall bullish factors in this market. The first is demand, which is simply waiting for China to act on what are clearly perceived needs and relatively attractive U.S. cash prices. The second is weather, with drought conditions continuing in the U.S. northern Plains, Canada, Argentina and Russia. The third wild ca...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
