Remington Brandt and Cory Miller, two young men who grew up in Eads during the same time frame, have now returned to their hometown, coming together to form the first professional electrician company in Eads for at least many decades.
There’s been a lot of weather-related hysteria in the market over the last week, driving prices higher before the long weekend (markets were closed on Monday for the Juneteenth holiday) and a lack of rain in the forecast for the Midwest. We are certainly trading a “weather market” and there isn’t much other news to go on.
The USDA released the June WASDE (World Agricultural Supply & Demand Estimates) report on Friday, and while it wasn’t bullish news, there are a few things that are overshadowing that to start the week.
Cheyenne County Sheriff, Michael Buchanan along with his wife Kayla have joined the movement for progress in Kit Carson and have established Buchanan Invest, LLC. Buchanan Invest is working through the final stages of purchasing a large building which encompasses most of one side of Main Street there where former businesses, Trails End Liquor, Backdoor Hardware, Singing Grass Trading Post, a salon, and the current Kit Carson Post Office were housed.
“So many people.” That is the way Claire Lane described her opening day for Café Bean LLC, the new coffee shop in town, which opened Monday, April 3 located in the Maine Scoop on Maine Street in Eads.
As Heraclitus once said, “The only constant in life is change.” We see this every day in a changing marketplace, weather forecast, geopolitical environment, crop conditions, supply and demand. Aside from that, there have been a few big changes in my life lately as well.
There’s a lot of uncertainty in the markets to start the week after the failure of Silicon Valley Bank on Friday, and the additional failure of Signature Bank on Sunday. The fallout from this hit the grain and oilseed markets on Sunday night with a selloff in equity and bond markets and crude oil leading the commodity sector lower.
The grain markets have seen some big losses over the last couple of weeks but did start to recover a bit late last week. The March WASDE report comes out today, March 8th and the thing to watch out for will be what the USDA figures for South American corn and soybean production and how that will impact the world balance sheets.
Grain markets have continued to fall after the USDA’s Agricultural Outlook Forum last week. Other headlines of note include weather in the United States and South America, the Black Sea Export Agreement, the Cattle On Feed report, and the current economy.
The Wishing Windmill originally opened for business in April of 2022 as an online boutique. The owner, Breanna Echols who our readers may recognize as one of Kiowa County Independent’s outstanding lifestyles authors, has recently made a leap of faith and ventured from a webspace to a physical space located at the Wildcat Corner 120 US Highway 40 Kit Carson, Colorado.
Though there isn’t much fresh market news to trade on, there is growing concern about a spying threat after the U.S. Department of Defense confirmed that more unidentified objects have been shot down over Alaska and Canada.
Markets are a bit nervous to start the week after the United States shot down a Chinese surveillance balloon over the weekend. China said the balloon was for scientific purposes and had blown off course.
There isn’t much to talk about in terms of fresh news for the market to trade. Some of the main focuses right now are on the dry weather in Argentina (but they are getting helpful rains), the great precipitation in Brazil that will only add to their production, and poor export demand.
Rain makes grain, and that’s the main story in the markets this week. Much-needed moisture has made its way across the Plains in the form of snow coverage which was better than expected and setting the wheat market back a bit.