Friday, February 12, 2016

The calendar, the weather man, and the bean counter are all fighting for attention in the market this week. So far the weather man is winning.

Put this week in your diary as the one that determines if we make a weather market run back up on grain prices, or continue the weekend downturn into new lows. Rain will be the reason.

While U.S. crop planting is fast, the market has gone down just as fast. Soybeans were down six of the last eight days. Both beans and corn have dropped hard.

Marlin Clark reacts to recent market fluctuations and discusses what's ahead in the future.

Sell your old crop soybeans when futures are over 15 and don't look back. Continue to sell the new crop as it creeps higher.

If the planting pace continues and we have a warm and moist May, we will see new grain market lows in corn.

Some observers are speculating that corn futures could be 3.50 at harvest. Yep, you read that right: $3.50.

Regardless of the fickle nature, good sales opportunities, for both old and new crop grain, are lurking.

I am looking for lower prices. The farmers want one more shot at $7 corn. They should not bet the farm they will get it.

I consider this a good selling opportunity. We got scared by the break, and regretted not selling before it.
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