Market Commentary
Weekly Crop Commentary - 1/20/2023
Jan 20, 2023
| Heritage
Well, here we are at the end of yet another week. Hard to believe we’re into the back half of January. Last week the markets ended the week on fire from the USDA reports and they continued into the start of this week...
Grain Market Update - January 2023
Jan 16, 2023
| Heritage
The USDA’s January report lineup is the largest deluge of data among all their report days. Thursday’s data from the Annual Crop Production, Supply and Demand, and Quarterly Stocks reports were all surprisingly on the bullish side, while the Winter Wheat Seedings repo...
Weekly Crop Commentary - 1/13/2023
Jan 13, 2023
| Heritage
Good afternoon. Well, we got our update from the USDA and true to fashion, it moved the markets. It seemed to reveal the haves and have nots in terms of production and stocks. Areas to the west of the Mississippi were hit with drought...
Weekly Crop Commentary - 1/6/2023
Jan 06, 2023
| Heritage
Welcome to 2023 and the first week of new year trading finds most if not all commodity markets struggling to find support...
Weekly Crop Commentary - 12/16/2022
Dec 16, 2022
| Heritage
This was a quiet week compared to last week. Last week brought multiple sale confirmations daily, but this week we had one corn and one bean sale confirmation...
Weekly Crop Commentary - 12/9/2022
Dec 09, 2022
| Heritage
The USDA will be releasing updated supply/demand figures today at noon. While it looks like we will see little if any changes to the balance sheet, I will defer to my colleagues to fill you in below...
Weekly Crop Commentary - 12/2/2022
Dec 02, 2022
| Heritage
Welcome to December! The commodity market continues to trade range bound, with corn trading roughly twenty cents lower on the week and beans unchanged.
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.