The grain market news this week seemed to be full of more stories of financial woe and disappointment at the upper levels of the industry.The grain market news this week seemed to be full of more stories of financial woe and disappointment at the upper levels of the industry:
CHS reports a third-quarter net loss of $45 million and attributed that to several one-time events triggered mostly by a lack of proper risk management controls. It appears to have been involved in joint business ventures around the world that proved to be very poor investments. The problem with a trading partner in Brazil has grabbed the most headlines. ADM has announced it will be laying off staff, and some sources have indicated this will involve up to 500 emplo...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...