Author: Chad Burlet

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Wheat Field
Advisor Commentary

November 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments As we close the month of November we are sad to report that COVID-19 has reclaimed the top spot as the single most important variable for the agricultural, and most other, markets. During the Thanksgiving break South African scientists announced that they had identified a new variant which was […]

Wheat Field
Advisor Commentary

October 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments The line of dominoes known as supply chain disruptions finally reached the energy markets, causing coal, European natural gas, and crude oil prices to spike. West Texas Intermediate crude traded to new seven-year highs and crude oil futures ended the month up 11%. Those moves helped drive […]

Wheat Field
Advisor Commentary

September 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments Over the past several years the USDA’s September stocks report has earned the reputation of being one of the most volatile of the year, and this year’s report did not disappoint. November soybean futures had a 50 cent trading range in the 29-1/2 days leading up to […]

Wheat Field
Advisor Commentary

August 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments Released: August 31st, 2021 In comparison to the three highly volatile months which preceded it, the price action in August was rather pedestrian. Corn, wheat and soybean futures all had monthly trading ranges below 12% and their net price changes for the month were 0 – 4%. […]

Wheat Field
Advisor Commentary

July 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments Released: August 1st, 2021 We came into July on the heels of a huge price rally caused by the USDA’s June 30th acreage report. Their estimates for corn and soybean plantings were both more than a million acres below the average of the analysts’ estimates. Those rallies […]

Wheat Field
Advisor Commentary

June 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments Released: Wednesday, June 30, 2021 In our May Market Letter we wrote about the exceptional volatility in the agricultural futures markets. June showed us that May was just a warmup. In May corn had seen a 3.5% break and a 3.9% rally in a very short time […]

Wheat Field
Advisor Commentary

April 2021 Market Letter

Commentary provided by Chad Burlet of Third Street AG Investments April had the largest one month rally of corn futures ever. Considering the 162 year history of corn futures, that is no small milestone. May Corn futures rallied $1.75¾ (31.1%) this month. In the process the front month soybean/corn ratio moved from 2.55 to 2.12 and May […]

Wheat Field
Advisor Commentary

Incredible Velocity Movement Between KC Wheat and Chicago Corn

Commentary provided by Chad Burlet of Third Street AG Investments As always, the month of March and the first quarter ended with the USDA’s release of their March 1 stocks report and their spring planting intentions report. These reports often have the potential to dramatically disrupt conventional wisdom and today’s report did not disappoint. For the past […]

Wheat Field
Advisor Commentary

February 2021 Grain Market Commentary

Commentary provided by Chad Burlet of Third Street AG Investments With only one trading day left in February, it’s clear that the spring acreage fight has captured the market’s attention. While old crop corn and soybeans struggled near highs that were set weeks ago, November soybeans and December corn raced to new contract highs yesterday. Through […]

Wheat Field
Advisor Commentary

Third Street Ag – How low can they go?

This summer’s theme could well have been: How low can they go? The “they” was supply and demand.  Unfortunately, the competition looked more like a cage match than a limbo contest. In that analogy the heavyweight match was certainly Prevent Plant (PP) versus African Swine Fever (ASF).

Wheat Field
Advisor Commentary

Third Street AG July Commentary

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither  IASG or Third Street Ag Investments LLC nor any of their data or information providers shall be liable for any errors or delays in the data or information, or for any actions taken in reliance thereon. We do […]