I’d like to focus this week’s segment on the markets that typically see heightened activity during the summer months, due to the fact that it’s their prime growing season. Specifically, that means the grains and orange juice markets.

Last night, I had dinner with Gary, an Iowa commodities broker. As we sat down to steaks, Gary told me two large hog businesses had gone under this week in Sioux City. “I saw the banker down at the farm counting livestock heads,” he said. “The banker in this town never leaves his office. It’s the first time he’s ever had to get s**t on his shoes.”