Market Commentary
Weekly Crop Commentary 11/18/2022
Nov 18, 2022
| Heritage
This week, the commodity markets continued to trade range-bound with no real commitment one way or another. Harvest is rapidly finishing, and we are seeing better-than-expected yields in the eastern corn belt, however, the west has not been as fortunate.
Weekly Crop Commentary - 11/11/2022
Nov 11, 2022
| Heritage
Commodity prices are finding strength today as we finish the week with positive news out of China and the on-again, off-again lockdown of the Black Sea export policy is off.
Member Alert Rail unions extend “cooling off” period
Nov 09, 2022
| Heritage
Rail labor unions and railroads have agreed to extend the “cooling off” (or “status quo”) period in their contract negotiations, eliminating the threat of a freight rail service shutdown next week.
Weekly Crop Commentary - 11/4/2022
Nov 04, 2022
| Heritage
This week, the commodity markets have traded largely on rumors from the western Europe grain corridor and China COVID policies.
Weekly Crop Commentary - 10/28/2022
Oct 28, 2022
| Heritage
The grain markets have traded, for the most part this week, on both sides of unchanged. However, as we attempt to finish the week, we are seeing corn down a nickel and beans off close to twenty-five cents for the week.
Weekly Crop Commentary - 10/21/2022
Oct 21, 2022
| Heritage
The grain markets have been trading on both sides of unchanged for most of the week. Since last week’s crop report and the bullish carry-over figures released by the USDA, we’ve not been able to sustain positive gains.
Weekly Crop Commentary - 10/14/2022
Oct 14, 2022
| Heritage
The USDA released its monthly WASDE report this week. They dropped corn yields just a bit from 172.5 to 171.8 and dropped bean yields from 50.6 to 49.8. Thus, in turn dropped projected ending stocks of both grains.
Weekly Crop Commentary - 10/7/2022
Oct 07, 2022
| Heritage
As we approach the end of the first week of October, we find corn futures steady and beans trading about a dime lower. Harvest activity has picked up in the east this week as combines have been very busy with the excellent weather...
Weekly Crop Commentary - 9/30/2022
Sep 30, 2022
| Heritage
Grain prices have traded in a very narrow range this week, with corn down a nickel and beans off about a dime. The markets have traded both sides of unchanged with the anticipation of the USDA quarterly stocks report today...
Weekly Crop Commentary - 9/23/2022
Sep 23, 2022
| Heritage
This week grain prices traded steady-to-higher for the better part of the week. However, once the federal reserve raised interest rates another 0.75%, all commodities have traded lower...