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.
Some observers are speculating that corn futures could be 3.50 at harvest. Yep, you read that right: $3.50.
Regardless of the fickle nature, good sales opportunities, for both old and new crop grain, are lurking.
I am looking for lower prices. The farmers want one more shot at $7 corn. They should not bet the farm they will get it.
I consider this a good selling opportunity. We got scared by the break, and regretted not selling before it.
When you live in Ashtabula County for a lifetime, you have snowstorm stories. The day I called Deerfield and said I wouldn’t be in to work because we had had three feet of snow overnight. Chardon had 54 inches. The night I abandoned my pickup in the road, two feet above the pavement on a […]
Thank the market for the bounce and get some grain sold.
The grain marketing ship is rudderless this month, as fundamental news is mostly absent and meaningless.
For some soggy Ohio farmers, the rain means no corn harvest progress may be made now until the ground freezes.
MF Global declared bankruptcy Oct. 31, curiously just after an audit that did not discover the discrepancies that existed deep in the bowels of this futures-trading and debt instrument-trading giant.
Remember when you expected to harvest up to Thanksgiving? Part of the problem with crop progress is perspective. We have gotten used to early planting, fast dry-down, and big planting and harvesting equipment.
It is no news to anyone reading this that the farmers of Ohio are fighting for their crops and their livelihoods. The hardy farmers of northeast Ohio got parts of two days this weekend to run beans on squishy ground.
December corn futures have now dropped exactly $2 from the 7.77 Aug. 30 high. The good news is that we may have finally put a bottom in.