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Allendale Mid Week Grain Comments
Corn had moderate gains in a choppy, thin trade on Wednesday. The market moved into a consolidation-type mode after making new lows for the move early on apparent from left over selling from Tuesday's losses. With that once done the market was able to ge
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Another Big Week For Soybean Export Sales
Soybean sales were outstanding for the week ending January 8th! At 50.0 million bushels this was more than double the pre-report estimates. We only needed 9.6 million for the week to stay on pace with USDA revised export estimate of 1.1 billion bushels
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Cattle And Hogs Moderately Lower
Live Cattle Wednesday also had a moderately lower close in thin trade that saw most of the pressure from the falling stock markets early on a terrible December retail sales report. Once more perhaps the market is reminded that this is still a case of a s
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Energy Comments
February Crude Oil was down $0.50 on the close Wednesday at $37.28. Wednesday the government inventory report showed another buildup in stocks, particularly in distillates, which rose an unexpected 6.4 million barrels while the market was looking for a b
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