Marlin Clark

Crop harvest drags into Thanksgiving

USDA released the Sunday night Crop Progress Report Monday after the close, and it was not pretty. Harvest still drags on, and rain coming into the Midwest this week will not help. Thanksgiving will come and go with corn, and even soybeans, still in the fields. One of the biggest traditions of my youth was [...]

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Slow crop harvest, but a fast market

December corn futures gained 9 cents in the last five minutes of trade Monday. Traders seemed to be reacting to fears of lack of harvest progress. USDA released new harvest numbers after the close that seemed to confirm the bullishness. December futures had a 24-cent range from high to low Monday. We had a spike [...]

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Grain markets: Are we swimming into new crop?

There has been a lot of grain market volatility to confuse things. One day, we were up 4 cents and the next down 4 cents. The optimist says we are going higher, the pessimist says we are going lower, and the realist says the market did nothing for those two days.

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The squirrel and the ‘possum: A story of American agriculture

I have had bird feeders close to the house for 35 years. The bear tore them down a couple of times a few years ago, and we had to stop feeding for a month. Other than that we have always fed a herd of a few hundred “livestock” as I call them. Regular customers Most [...]

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Grain markets: Low prices, but more demand

Two old axioms of the grain trade cropped up in conversations last week. One is that a big crop keeps getting bigger. The other is that the cure for low prices is low prices.

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Grain marketing rules have changed

We can’t go back to the markets of 2008.

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Harvest creeps closer, but will weather hit crops first?

Many questions remain as we approach the end of the crop year. Not the least of these is: What size crop do we have?

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Grain markets are poised for a pop

USDA will release the Supply and Demand Report Wednesday, and, as usual, it represents an untimely truth for this grain market columnist. I write this on Monday before the market opens, and the reader gets this Thursday, after the report and after some market reaction to it. The numbers Monday, the markets were sharply mixed, [...]

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Corn leads grain markets higher

For the first time in a long time, corn has had days as the leading grain on the Chicago Board of Trade. That is to say, some days the gains in corn were more than the gains in wheat or soybeans. Some days, the beans matched the corn, but with a higher-priced commodity where the [...]

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Hoping for a hat rack grain market

Tuesday’s market (June 30), we’re in a “hat rack” market — we’re looking look for some kind of market news to “hang our hat on.”

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Big crops, big disappointment

Prices have broken sharply on the Chicago Board of Trade the last few days. The perception of a good crop and outside markets continue to ravage what was a welcome rally. Monday trading was an example of how bad it gets when the speculators run out on the market. Soybeans were down 27 1/2 cents [...]

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New highs, same whys

Corn, beans and wheat have made new recent highs on the Chicago Board of Trade this week, but there is no surprise. Price discovery The same factors that have pushed prices the last month continue to effect the ideas in Chicago of price discovery. Price discovery is the term the grain trade uses for finding [...]

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Grain markets: It was a quick trip from cry to dry

Now is the spring of our discontent. Now, we are starting to talk about how dry it has gotten. Now, we are wishing we had not poked seed into mud that might crust over it.

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My weekend crop tour was ugly

I put in 750 miles in Ohio and Michigan over the weekend, and I was amazed how far behind we are in reality. Yes, the Planting Progress Report from USDA said Ohio, Indiana, and Illinois are the problem with the U.S. being so far behind, but looking at miles of northwest Ohio bare as far [...]

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The Age of Aquarius (for one day on the grain markets)

The planets are aligning this morning in a manner that will be easier to interpret by the end of the day. Unfortunately, I have to write this on Tuesday morning, not Tuesday evening. The planets are aligning, or even colliding, in the form of the USDA Planting Progress Report, out Monday afternoon, and the USDA [...]

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Grain market: Corn crashes, but beans hang on

Corn prices crashed on the Chicago Board of Trade the last week, even as soybeans tried to hang on to recent highs.

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Spring has sprung the soybean prices

Grain markets have been monochromatic since the March 31 USDA Planting Intentions Report. This has been a soybean rally, primarily, and the last week in corn futures has reminded us that corn has just been along for the ride.

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Grain markets higher after USDA reports

The USDA Prospective Plantings Report, followed by friendly export reports, have helped fuel some bullish enthusiasm for the grains.

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Big report day, small reaction?

Farmers who were waiting for the Prospective Plantings Report to help the corn pricing decision are not likely to be happy.

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My two minutes of fleeting fame as a grain merchandiser

Andy Warhol said we would all have 15 minutes of fame. He owes me 13 and a half.

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