I am having trouble coming to terms with the idea that we are still not to the last week of September and we are well into harvest, even here in the frozen north (Ashtabula County, Ohio, if you are not a regular reader).
The grain market is trying to stage a rally based on a smaller crops for this year, but the markets for next year are looking to put a cap on gains.
Poor conditions persist, especially for Ohio growers.
In Ohio, we have the worst combination of grain marketing circumstances this year — a poor crop in a good crop year (for everyone else).
Grain prices drop even lower, but Aug. 12 crop production report will help tell us where we’re at.
Grain producers everywhere are saying, ‘Please, Lord, give me another rally; I will know what to do this time!’
It is hard to be a poor-producing state in a good year.
Even as producers are digging in their marketing heels, the market is actually giving back some of the gains we have seen over the last month and a half.
The rainy weather that has plagued farmers since the middle of May took a breather the last few days. Three or four days of sunshine and warm — but not hot — weather has perked up some corn and soybean fields.