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 […]
When grain markets don’t seem to matter: At the heart of it, we remain under attack because we are Americans.
Corn has rallied on the idea that the corn acres will decrease and the beans will increase, in Thursday’s USDA Planting Intentions Report.
The middle of March is a hard time to plan grain marketing. We are in the dark about actual planting plans, spring weather, and the results of the winter weather we are now experiencing.
The traveling experts are worried that we are going to raise a big crop and have $4.50 corn. The farmers don’t believe it.
USDA says we may plant 96 million acres of corn. They look for 76 million acres of soybeans, although there is some thinking that we could see as much as 79.75 million acres. Last year we planted 77.198 million.
Current U.S. grain market movement is in a trading range, and no progress is being made.
Regardless of USDA reports last Friday, we are trading this grain market as a short-crop year.
Grain prices are at or near lows on all three major commodities on the Chicago Board of Trade.
There are a lot of reasons grain markets have traded lower. Some are valid, some are the kind of reasons analysts give when they have to give reasons, says grain trader Marlin Clark.
The last line of that Zombies song from the dark ages of the ’60s is, “It’s the time of the season for loving.” That’s a good Christmas thought, and better than the one I had this morning, looking at prices. This morning it seems like it is the time of the season for losing money […]
Traders have focused on exports, transportation issues, South American weather, and politics as reasons for the decline in grain market prices.
Farmers, this is a grain market that wants your corn now, and will pay less for it in the future, unless the structure of the market changes.
Friday’s USDA report did not have a lot of news, but what it had caught the market leaning the wrong way. The result, eventually, was a changed landscape for the market the last few days. Soybeans USDA released the Supply and Demand Report Friday morning, and the result was a resounding “thud” in the soybean […]
With no news comes fickle markets subject to the whims of Chicago traders. Now is the time to forget the highs and remember the crops in eastern Ohio are better than expected, and the prices are still much higher than planned for at planting time.
In northeastern Ohio and western Pa., rain every third day slowed the soybean harvest so that many were still cutting beans at the end of October. Only the biggest and best-equipped got any significant corn off in October between the rains.