Saturday, May 4, 2024

Market commentary: Big gains on the grain market during the day Monday that capped off a few days of frantic trading did not hold; the weakness overnight is accelerating.
Money markets graphic

The crop and weather condition aren't exactly leading to the markets most would expect.
President-Trump

Ag exports to China were to be $36.6 billion this year. However, plunging prices over the past couple of months will make it harder to hit that target.

April 28, corn futures on the Chicago Board of Trade were up nearly 23 cents, the soybeans were down 42 and a fraction, and the wheat futures were up more than 25 cents.

When USDA released their monthly Crop Production and Supply and Demand Reports May 11, the market saw glimmers of hope amongst the nuggets of...