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Marlin Clark Results

Grain markets: Looking for Mr. Goodtrend

Thursday, November 13, 2008

Watching the grain markets these days is like watching that optimistic kid digging through that pile of manure: There must be a pony in here somewhere! Somewhere in the pile of manure that is the Chicago Board of Trade these days (I am waiting for their representative to Google this and give me a call!), […]

Report bounce holds grain commodities market higher

Thursday, November 6, 2008

There is nothing in the grain commodity markets to indicate a return to what we now know are high prices.

Mark your calendars: The low is in

Thursday, October 30, 2008

A few weeks ago I said the bottom would be put in this sick market when the trade realized that the crop production estimate for corn and beans was too high. I am marking my diary that I finally got something right. Mark your calendars that the low is in. On the night of Oct. […]

Be patient: Harvest progress is slow

Thursday, October 23, 2008

The soybean harvest is dragging along and corn harvest is having trouble getting fired up. Meanwhile, there is no enthusiasm for the crop in the Chicago Board of Trade building on LaSalle Street in Chicago. USDA last week pronounced larger crops than expected in corn and beans. I remain dubious, as I watch the Bellevue […]

Market Monitor: Harvest pressure and strange dreams

Thursday, October 16, 2008

When a grain trader talks about harvest pressure, he is referring to the effect on the futures markets on the Chicago Board of Trade brought about by farmers taking grain to town and elevators selling futures to hedge it. The effect is normally to force down the price of futures since there is more need […]

The grain market hemorrhage continues

Thursday, October 9, 2008

The market used to be bleeding lower. The bleeding became a massive hemorrhage yesterday, Oct. 6, on the Chicago Board of Trade as the commodities were all down sharply, with corn and beans down the limit. With corn down 30 cents to 4.24 December futures yesterday, and with the soybeans down 70 at 9.22, we […]

Let’s blame it on the bossa nova

Thursday, October 2, 2008

Last week in this space we looked at the “outside markets” as an effect on our grain markets. Recently, they have been a dominating reason for volatile prices. Trading on Sept. 29 put an exclamation point on the effect non-agricultural, non-supply and demand factors can have on markets. On Sept. 29, Congress did not pass […]

Outside markets dominate grain prices

Thursday, September 25, 2008

Based on the fundamentals and the technicals both, we should have been lower Sept. 22. What happened? Outside markets happened, with a vengeance.

The corn market downtrend continues

Thursday, September 11, 2008

The corn downtrend has continued for 11 days. There is a little satisfaction in that, since in my last column I said that would be the expected trend. I would rather have been wrong, since I need some corn. Last week, we looked at the long-term seasonal trends and determined that normally we would have […]

Grain commodity markets bounce, but party’s over

Thursday, August 28, 2008

Here are grain merchandiser Marlin Clark’s conclusions from the current market. First, hindsight is 20/20. Second, timing is more important than actual prices; and, third, the party is over for this year.

Adjectives wear out grain market watchers

Thursday, August 21, 2008

One casualty of our record grain markets this year on the Chicago Board of Trade this year is the adjective. We have worn out the old ones, and they no longer have the power to shock us.

The correction becomes a crash

Thursday, August 7, 2008

The mood has changed in the markets and we still have not seen the end of the price declines that have characterized trading for a month. A month ago, it was all about the flooding — the cap on a wild market that had given us all-time high prices when everything that could be bullish […]

It was a bad month on LaSalle Street

Thursday, July 31, 2008

Any way you look at it, July has been a tough month in Chicago. The LaSalle Street losers have seen corn down $2.63, soybeans down $2.79 1/2 and wheat down nearly $2. All of these commodities bounced back, but the results have been grim for those on the long side of this market. Grains have […]

Watching the corn crash in Chicago

Thursday, July 17, 2008

What a difference a few days make! I have said that before and I probably will again. A few days in the corn markets on the Chicago Board of Trade have made over $1.15 difference, and it is down. That would be all the market range for a year or two normally, but we did […]

The grain market blows its top

Thursday, June 26, 2008

December corn prices made new all-time highs for eight days in a row.

Weather drives record grain market

Thursday, June 19, 2008

Continued flooding, especially in Iowa, has the market focusing on the size of the corn crop and traders taking prices to new all-time highs. Once more, we talk about history being made before our eyes. The December corn contract on the Chicago Board of Trade has made eight consecutive all-time highs. This is beyond amazing. […]

Market shifts to crop condition watch

Thursday, June 5, 2008

With planting caught up, the traders on the Chicago Board of Trade are switching their attention to the condition of the crop.

It’s a double whammy for beans

Thursday, May 22, 2008

Soybean prices on the Chicago Board of Trade adjusted Monday, May 19, to the Double Whammy of planting progress and Argentine news.

Planting progress finally improves

Thursday, May 15, 2008

Planting progress improved dramatically in the U.S. last week. That was the news out after the close of trading on the Chicago Board of Trade Monday. Prices for corn made new all-time highs last week in response to slow corn planting. That trend was broken Monday, as private estimates of crop progress hit the market. […]

Delayed planting dominates markets

Thursday, May 8, 2008

Rain patterns across the Midwest have seriously delayed plantings, and have jerked around markets.


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