Monthly Archives: February 2015

MidCo Morning Comments

Good morning. It’s the last trading day of February and markets are finding support- particularly soybeans.  The Brazilian government yesterday declared that the truckers strike was over but independent truckers in Southern Brazil have continued to block roads as they say they were not a part of the negotiations with the government. There are enough beans at ports to load normally for another 4 to 6 days before loadings would have to be curtailed at some ports, particularly

more

MidCo Morning Comments

Good morning. Grains and soybeans have traded higher overnight despite a lack of much in the way of bullish influences. Soybeans are leading the way higher with some support coming from the Brazilian truck strike that has spread to 7 of Brazil’s states. Truckers are demanding that the government reduce the federal diesel tax that is cutting into their income. The Brazilian government is looking into the situation. Most feel that some sort of compromise will be worked

more