The market used to be bleeding lower. The bleeding became a massive hemorrhage yesterday, Oct. 6, on the Chicago Board of Trade as the commodities were all down sharply, with corn and beans down the limit.
With corn down 30 cents to 4.24 December futures yesterday, and with the soybeans down 70 at 9.22, we […]
Last week in this space we looked at the “outside markets” as an effect on our grain markets. Recently, they have been a dominating reason for volatile prices. Trading on Sept. 29 put an exclamation point on the effect non-agricultural, non-supply and demand factors can have on markets.
On Sept. 29, Congress did not pass […]
Based on the fundamentals and the technicals both, we should have been lower Sept. 22. What happened? Outside markets happened, with a vengeance.
The corn downtrend has continued for 11 days. There is a little satisfaction in that, since in my last column I said that would be the expected trend. I would rather have been wrong, since I need some corn.
Last week, we looked at the long-term seasonal trends and determined that normally we would […]
Here are grain merchandiser Marlin Clark’s conclusions from the current market. First, hindsight is 20/20. Second, timing is more important than actual prices; and, third, the party is over for this year.
One casualty of our record grain markets this year on the Chicago Board of Trade this year is the adjective. We have worn out the old ones, and they no longer have the power to shock us.
The mood has changed in the markets and we still have not seen the end of the price declines that have characterized trading for a month.
A month ago, it was all about the flooding — the cap on a wild market that had given us all-time high prices when everything that could be bullish […]
Any way you look at it, July has been a tough month in Chicago. The LaSalle Street losers have seen corn down $2.63, soybeans down $2.79 1/2 and wheat down nearly $2. All of these commodities bounced back, but the results have been grim for those on the long side of this market.
Grains have […]
What a difference a few days make! I have said that before and I probably will again.
A few days in the corn markets on the Chicago Board of Trade have made over $1.15 difference, and it is down. That would be all the market range for a year or two normally, but we did […]
December corn prices made new all-time highs for eight days in a row.