The commodity markets continue to be driven by headlines coming out of the Iranian conflict and geopolitical news. Last week corn had a 20-cent trading range only to close 2 cents lower in the May, July and December contracts. The funds added to their length in corn...
In times of conflict, any market that is tied to energy does not wait for physical shortages, they price in probability. This is exactly what we have been witnessing over the last couple weeks in the corn market. May, July and December futures all ended the week 7...
The markets have turned extremely bullish over the last week, driven by crude oil and geopolitics. Speculative money is flowing into the commodities as crude oil and other energies move higher. Crude oil was up more than $20/barrel last week. May corn was up 12 cents...
The markets finished stronger as we ended the month with March futures entering first notice day. Adding to the late rally on Friday was concern over what was going to happen in Iran. Crude oil was up more than $2.50 amid the rising tensions. This brought buyers to...
With limited fundamental news to move the markets it was a quiet week of trading until news broke on Friday of the Supreme Court’s ruling on President Trumps tariffs. The May and July contracts ended the week 2 cents lower while the December contract was unchanged....
I feel like we the markets have been reenacting the movie “Groundhogs Day” with Bill Murray where he wakes up every morning to repeat the same thing that happened the day before. The only difference in the markets is we are doing it week to week versus day to day....
