The spotlight has turned to global wheat markets this week as the situation in the Black Sea region of the world intensifies.

Of the 3 Kings of Commodities, Gold was the leader coming out of the weekend. This wasn't a huge surprise given the recent sharp selloff in the market.

The US enjoyed the view of a full moon Thursday night through Friday morning, though market attention was focused on the Shooting Star pattern completed by the US dollar index yesterday.

Corn, soybeans, and all three wheat markets smell of fish, for different reasons, early Thursday morning.

Rains were moving across the US Midwest overnight through early Wednesday morning, though other storms once again dominated markets.

There has been a lot of talk this past week about the "Trump Trade" in various market sectors. Does this mean the long-term uptrend in King Gold is dead?

With last week out of the way, markets continued to move forward overnight through early Monday morning with the spotlight on US soybeans.

USDA will come out with its version of supply and demand numbers at noon (ET) Friday. However, we already know what the S&D situations were at the end of October by looking at national cash indexes.

The Fed fund forward curve is showing an expected 25-basis point cut by the FOMC Thursday afternoon. Things get a bit cloudier after that, though.

The various market sectors are showing an interesting reaction to news the US is moving forward with a second Donald Trump administration.