Morning Thoughts – July 24
Crops – Markets sharply lower this morning largely due to a wet look to the QPF maps as shown above. It also helps that rainfall totals from the systems late last week didn’t “bust” like some earlier events have. Still, as I look at the current...
Morning Thoughts – July 18
Crops – Following the discussion yesterday on new crop export demand prospects, I realized I have been so focused on weather and conditions lately that I haven’t really been paying attention to old crop demand figures recently. I decided to look closely at...
Morning Thoughts – July 13
Crops – No major remarks to make following yesterday’s USDA report deluge. For the most part, things fell pretty close inline with our expectations yesterday. I didn’t get everything right of course, but generally speaking things trended as expected. One thing...
Morning Thoughts – July 7
Energy – Fairly constructive inventory figures yesterday for crude oil, yet futures could not hold their gains. I suspect there is a wide assortment of reasons for the late day weakness, including but not limited to: 1) More EV articles yesterday 2) US crude...