For the last couple of weeks I have been saying that only the March Planting Intentions Report from USDA can help this market. My idea has been that I don’t see bullish news anywhere on the horizon. But, I do think that farmers will like $13 soybeans better than $4 corn.
Grain market traders got evened up ahead of today’s USDA report.
Once again we can talk about the harvest low, except that we have to worry that the actual low is not in, and may not be seen until anticipation of the January Inventory Report by USDA.
The EPA is proposing a cut in what we refer to as the “ethanol mandate.” Although this is still a proposal, it hit the market like law.
The corn yields are surprising, and staying huge as the harvest goes on. Everyone’s waiting for USDA’s report Nov. 8.
One axiom in the grade trade is that big crops keep getting bigger. This does not necessarily mean that the crop improves, but that the reporting of the estimates of ultimate crop size changes. That is, each successive crop estimate gets bigger until we get to the January Inventory Report and the final reality puts […]
It should not surprise us that rainy weather has delayed harvest. It delayed planting, and cool weather did not allow the crop to catch up. So, here we are, absent government reports as USDA is catching up from the shutdown, and guessing just what has been harvested. Whatever it is, it is not enough. Making […]
The grain harvest delay has been the excuse needed to see prices perk up a little.
If the harvest is disappointing, we could see a rally into the late harvest. If not, we have not yet seen the low.
As corn prices have gone down, it has felt at times like we have left the slide completely and will fall to our financial deaths.
Two weeks from now we may know more about this grain market, but it may be too late. Catch this market while there is fear in it.
What exactly will happen with markets? Marlin Clark has a few insights…
World population, U.S. farm productivity, Earl Butz and Bret Maverick: What should farmers believe?
I read with great interest Kristy Foster Seachrist’s article last week in the Farm and Dairy about changes in the grain indemnity law in Ohio. She wrote about a new bill that was signed July 11th that updates the size of the indemnity fund, and that specifies that the farmers are first in line for […]
This is the middle of July and we should be seeing sunshine and 85 degree weather. My hope for great crops is gone.
Now we are taking stock of the prospective crop size and usage to try to get a feel for summer prices.
The party is over for the old crop beans and corn. The corn has to be sold while a buyer will still price it against the July contract.
Prices were sharply lower on the Chicago Board of Trade Monday, and many observers were surprised. Elevator operators were expecting higher prices after a weekend of wet weather over much of the country meant that the crop planting was still delayed. Meanwhile, traders in Chicago drove prices lower with a different view. There, the prevailing […]
How serious is the late planting? Depends upon the source of the opinion. (Hint: The trade has not been all that concerned.)
The drumbeat of drought has been with us all winter. Grain prices have declined, farmer selling has slowed, and the talk has been that prices will recover, because, after all, we are still in drought in the Western Corn Belt. Mississippi This winter we listened to news that the Army Corp. of Engineers was not […]