Monday, November 30, 2015

Thank the market for the bounce and get some grain sold.

The grain marketing ship is rudderless this month, as fundamental news is mostly absent and meaningless.

For some soggy Ohio farmers, the rain means no corn harvest progress may be made now until the ground freezes.

MF Global declared bankruptcy Oct. 31, curiously just after an audit that did not discover the discrepancies that existed deep in the bowels of this futures-trading and debt instrument-trading giant.

Remember when you expected to harvest up to Thanksgiving? Part of the problem with crop progress is perspective. We have gotten used to early planting, fast dry-down, and big planting and harvesting equipment.

It is no news to anyone reading this that the farmers of Ohio are fighting for their crops and their livelihoods. The hardy farmers of northeast Ohio got parts of two days this weekend to run beans on squishy ground.

December corn futures have now dropped exactly $2 from the 7.77 Aug. 30 high. The good news is that we may have finally put a bottom in.

The rain gauge told the story yesterday. I finally limped out there with my shepherd's crook leaving holes in the ground. (That's another story:...

Channeling Little Orphan Annie and Gone With the Wind to stay positive in this grain market.

Our short supply for the old grain crop is leading into fundamental numbers that make us think the tight supply continues for the next year.