We in the grain business are hanging on with both hands to the mechanical bull market. It goes up, it goes down, and it eventually throws you off on your face.
Grain markets continue to confound observers, as new highs keep flowing as combines keep rolling. Corn, soybeans and wheat have all made new highs or returned to the high in the case of wheat. This is happening even as we are finishing harvest, a time normally of declining prices. Take your pick of the reason. […]
Is grain market on a report-induced, blow-off high, or has the report just set off another leg of the rally?
The old gray mare, she ain’t what she used to be. You know the one — she galloped in and got you all excited about how fast she was, then ran out of steam. No, she looks like a nag you were a fool to bet the farm on. She looked like Secretariat’s great-granddaughter, but […]
One of our family stories involves number one son in a restaurant tasting his soup. The attractive girl going by our table was surprised to hear a 12-year old blurt out, “Whoa, Baby, Hot! Hot!” I thought of that yesterday as I watched the attractive corn prices go by my screen. I have to admit […]
The U.S. grain market is still uneasy about the crop size, and we’re positioning ourselves for a Pamela Anderson bust in prices.
Prices on the Chicago Board of Trade have broken sharply on the overnight trading going into Tuesday morning (Aug. 24), as this is written. Corn, soybeans, and wheat have all traded dramatically lower, leaving the highs of the last few days behind. I had to do some quick mental calculations when K-2 called from the […]
Market commentary: Big gains on the grain market during the day Monday that capped off a few days of frantic trading did not hold; the weakness overnight is accelerating.
I am thinking this morning that the grain market is like a sixth grade boy this morning — obstinate and opposite. Whatever you suggest, he wants to do the other thing. The more you push, the more he pushes back. Too old to spank Think about it — we came out of reports that said […]
Corn prices have plunged to new lows as uncertainty about the crop size has created volatility in the markets.