Good afternoon from a very chilly Washington, D.C. The ‘bomb cyclone’ is hitting the northeast U.S. with wind, snow, and plenty of cold. Fortunately, the wind has blown much of the snow away, eliminating the immediate need for driveway-shoveling. Natural gas futures are heading lower for the second straight day, perhaps an indication this storm won’t be as bad as expected. Still, it feels pretty bad out.  Agricultural commodity markets had a relatively benign day, except for MGEX wheat that finally caught the buying previously isolated to KS HRW and Chicago SRW wheat. The U.S. Midwest is still cold and dry, not great conditions for the winter wheat crop. Still, Russian sea ports are open and there’s little risk...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America