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: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
The Federal Reserve Board holds an annual meeting in Jackson Hole, Wyoming, each year about this time, and this year’s meeting is now. It’s always a “must-watch” event, but this year, amidst persistent inflation and with a new Fed chairman, Kevin Warsh, it drew additiona...
You cannot escape the vortex of opinions about water scarcity in the Western United States, especially in the drought-stricken Colorado River Basin. Agriculture is the villain in many of these editorials. Agriculture uses too much water, so it should use less, is the refrain. We all wish it was...
