08/13/24 Afternoon CommStock Report – Ag Sector Getting Left Out of Election

It is not impossible for something to yet materialize but the historical record for grain/soy markets to rally late in election years appears to be at risk of failure. Someone forgot to tell the funds who have remained stubborn with   record short positions. At the very least, this election year will not be remembered for CBOT market strength. No one other than the farmers and their bankers appears to care. The Ag sector is in a recession. The unprofitability from depressed commodity prices has gone virtually unmentioned during the current campaign by both parties. DJT has the rural farm vote and the Dems know that nothing will change that so what is there to talk about? I do not think that even the change by the Dems of presidential candidates will materially alter the election outcome of rural America. The Ag sector and farmers are not big dollar donors to political campaigns. The politicians respond to the money and unlike Big Tech, Bitcoin promoters, the Oil industry and other sectors, the Ag sector is not wealthy enough to pony up huge contributions to buy attention. The ethanol industry has tried to raise PAC funding but it is pretty insignificant in…