Jim's Video wrap-up offers his thoughts about the drought vs. precip probabilities and more

The wheat markets ended with some double digit losses on Friday. CBT SRW prices were down 12 to 13 1/2 cents, though July was still at a net 45 cent gain for the week. KC futures closed 11 1/2 to 15 1/4...

Soybeans ended the last trade day of the week with 9 1/4 to 33 1/4 cent losses. For July that minimized the week’s net gain to 28 cents, but for Nov futures it flipped the board a net 32 cents below...

Despite the strength to start the week, the Thursday and Friday selloff flipped the board to a net loss for the week. Futures were down another 4% to 4.9% on Friday, leaving both July and Dec 9 1/2 cents...

Short Covering Featured

In my opinion, if it weren't for bad luck, I'd have no luck at all.  My comments last week of a Fed in favor of letting the economy run hot, in an attempt to quell inflation, did not materialize.

Wheat futures have joined the drop seen in corn and soybean futures late this week, following the relative strength on Thursday. Friday’s midday SRW quotes are down by 12 to 13 1/2 cents. Front month...

July soybean futures have bounced back by 21 cents from their early session low and Nov is trading 16 cents off the low so far, but the market is still 9 to 33 cents weaker for the day. Soymeal futures...

The front month futures market is off the lows by 3 to 6 cents but still sharply lower with losses of as much as 30 cents for the day. Slow export sales, profit taking after a strong early week rally,...

The monthly game of pin-the-tail-on-the-donkey gets even more heated during a weather market.