Lots of noise and rumors swirling in Washington D.C regarding Israel’s pending retaliatory attack against Iran that has investors and politicos on edge ahead of the Presidential election. Per the Washington Post, there have been multiple reports earlier this week that unnamed sources in the Biden administration have continued to leak information that Prime Minister Netanyahu has agreed to only …
Energy Update
Commentary: The crude has followed through to the upside this week. The overall lack of demand is known. The abundance of crude above ground is known. The question now, Are the lows in? It was my thought a trade to 17-20 nearby would hold. The May traded to 1933. Is this enough, remains to be seen. The US now will …
Corn Commentary
Commentary: The corn has so much negative to deal with. One wonders when the fundamentals will be baked in the cake. The early trade Friday saw some buying on crude strength. The prevailing weak market took control. The Ethanol destruction is too much to overcome yet. The positive is that the Chinese purchased 570 t tn of corn. They have …
Farmers see KC wheat explode 50c
Good Mid-week Speculators, First it’s wild how when I take time off over decades that markets tend to move vertically (good, fast)and here we had end-of-month buying in KC wheat now up what? 50 cents from last week low in that overnight, down 1% cleaning as much as the HFT rats could stop out. KC $7.00? why not? But rocky soon. …