It was a strange trading day with twists and turns that were at a minimum, unusual:
Grains and oilseeds all closed higher overnight and then continued that trend in this morning’s open, with wheat again leading with double-digit higher gains.
There were new contract highs in SRW, HRW, Paris wheat and Malaysian palm oil. By contrast, feeder cattle and lean hogs opened lower.
By the end of the session, some had suffered whiplash as grains and oilseeds were all bleeding red while the livestock complex made notable gains.
The switcheroo was not too surprising when one considers the diverse interests, their motivations, and the underlying fundamentals. Let’s start with the outside money. L...
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Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
