GOOD MORNING, The markets were extremely overbought with beans running out of gas to the upside yesterday. The strong bullish reaction to the Jan. WASDE now puts the acreage fight for 2021 in full view, and perhaps the mission of the corn market was to make a stronger showing in lieu of lofty bean values. Slightly weaker spreads imply that US farmers liked this week's prices, and took the rally to get something on the books. Funds kicked up trading ranges with their buying activity, but it remains a bit troubling for the bean market bull that open interest has not grown in that market. Week after week the commitment-of-traders report shows the same size position for beans, which suggests that there are some n...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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Illuminating the value of technical research
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