Grain price direction from here is not clear, but one thing we know. In short crop years, we make the high before harvest, then go lower. Grain merchandiser Marlin Clark explains more.
Maybe you can’t hear clearly, but if you shut off all machinery and stop the conversations within a few feet, it is possible. It is the sound of the fat lady singing. It sure feels tonight like the big rally of 2012 that left us thunderstruck with record corn and soybean prices is over. We [...]
How bad is the current drought situation down on the farm? Things are so bad that analysts are now talking about 1956 instead of 1988.
Marlin Clark talks about how the weather is changing the crop market. He also discusses the drought of 1988.
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.