Thursday’s few flashes of green turned out to be an anomaly instead of a turning point. On Friday the trade returned to selling off grains and oilseeds. It became the eighth consecutive session lower for SRW and HRS, and the eighth session lower in the past nine for corn and soybeans. Good Midwest growing conditions helped pressure most of the complex as warmer and drier weather is just what a bumper crop ordered. Since the bear rally began, SRW is down 10.3 percent, HRW is 8.9 percent lower, and HRS has lost 8.3 percent in value. Corn and soybeans have lost less at -3 percent and -4 percent, respectively.
For the week, speculators increased their net short position in corn and soybeans, but contrarily reduced their ne...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
