It’s hard to believe it’s been a year since I started writing “Sunday Scaries.” A lot has changed over that time, most notably prices, with nearby soybean futures trading nearly a dollar lower, corn off $1.40 and Chicago wheat down an astonishing $3.65.
Looking back at the last years’ worth of market developments, it is easy to see why so many of us are tired. Many of the same unanswered questions remain drivers in market direction. Geopolitical developments can change sentiment at the drop of a hat, with increasing uncertainty over the health of the global economy sending conflicting signals. Much of this uncertainty has made for reduced volume and interest in ag commodities, with speculators finding other places to put their money.
