Monthly inflation numbers were released today. The net message is that retail level pricing is staying higher than expected. October 13, 2022
Wheat received a shot in the arm from three separate stories today. Russia is raising concerns about renewing the Ukraine grain export deal. Argentina is recognizing another cut to their coming harvest. The weekly US Drought Monitor report showed worsening conditions ahead of the coming Texas/Oklahoma rains. These overcame the bearish influence from the morning's inflation report.
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Allendale Insider
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Exports Expected Poor, Grains Move to a Range
June 2, 2023
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Overnight Trade Puts Beans and Wheat in the Middle of Last Week’s Trade
June 1, 2023
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Macro Selling Seen, Rain Coverage Increases
May 31, 2023
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Weather Maps Add Rain, Funds Not Short Covering
May 30, 2023
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End Of The Week, Holiday Short Covering
May 26, 2023
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