Continued rain across the Midwest dominates all thinking about marketing these days. There was virtually no progress in planting last week, and will be none expected this week.
Ahead of the USDA Prospective Plantings Report, we have estimates of large increases in corn acres and significant decreases in soybean acres.
So, last week I said the rally was over, but I still hadn’t heard the sounds of It’s Over!, my favorite Roy Orbison song. Then, the market sparked up again. So, now what do I write? That I was correct, because the market appeared to be over, but wasn’t? Or that I was wrong? Or, […]
Factors outside markets seemed to be helping grain prices: the weak dollar, the high crude price, the Libyan situation were all cited as reasons for high prices. And now, the focus of the world is on Japan and the catastrophe there.
Instead of grain marketing insight, Marlin Clark shares a different story this week — a story that is more important than the price of corn, and we’re privileged to share it.
Even one of the strongest of chart signals did not permanently break the corn rally last week. This market has not been shot, stabbed, or bludgeoned into submission so far. It has a life of its own, maybe helped by the outside markets. While petroleum futures were making a record one-day move in reaction to […]
The reality is that supply is going to get tighter as the market year goes on. This is driving corn prices toward the record highs of the 2008 year.
Not even Marvin Gaye can tell us what’s goin’ on in the grain markets these days.
Some corn, soybean, and wheat contracts made new highs once again on the Chicago Board of Trade, but significant losses overnight going into the Tuesday trading have the new highs standing out on the Board.
We wait with abated breath the results of USDA’s research to see if the trading of the last couple of months makes sense. Then, we anticipate the reaction to the reports.