Daniels Trading Senior Market Analyst John Payne was quoted in the February 23, 2016 Dow Jones article titled “U.S. Grains, Soybeans Slide on Demand Woes — Update.”
Perhaps the moderation is the result of many markets having already priced-in anemic growth, oversupply and little threat to supply.
The events in the second half of 2014 will do more to stimulate the global economy than all the central bank and governmental efforts combined.
Turnaround Tuesday is in effect and Drew reviews the last crop progress report for 2014.
The markets are lower again this morning on solid harvest progress and record crop projections from private analysts.
Crop progress was released yesterday and showed that the soybean harvest was further along than the trade expected.
The markets are all higher to start the week after a cool, wet weekend in the Midwest
This week will be important to the grain markets on both supply stories and demand stories alike.
The markets are lower this morning on prospects for a large crop. However, could a late week freeze end up supporting prices?
Drew takes a look at yesterday’s crop progress report and how the market is reacting to it this morning.