Morning Thoughts – May 25
Crops – Yesterday’s session might have been one of the more boring I’ve seen in quite a while. For the time being, I don’t see any reason to expect this boring price action to change. We have June option expiration tomorrow. In tomorrow’s comments I’ll...
Morning Thoughts – May 24
Crops – I mentioned yesterday I thought that some might be looking at early assumptions on Prevent Plant area and scaling back on those figures a bit. This seems reasonable considering the Northern Plains states typically lead the way in terms of PP area and...
Morning Thoughts – May 23
Grains – While reviewing yesterday’s export inspections data, one thing stood out to me. Over the past several weeks/months, we’ve continued to see ongoing and consistent wheat shipments to China. The chart below shows that MYTD export shipments are the...