Delayed planting across the country has led to a weather market, and that is dangerous for farmers and traders alike.
We took a short ride in the car at 1 a.m., just around the circle drive to prove that even if the moon was overhead of the house, we would never see it in the overcast.
USDA planting report afterglow: Unless there are amazing discrepancies from the expectations, the market spends one day reacting, then we go back to business.
Grain markets are anxious to find out what the USDA Planting Intentions Report will have say how many corn and soybeans acres are expected for the 2014 growing year.
Both the bull action and the bear action in recent grain markets come from the Russian Bear.
All three major commodities on the Chicago Board of Trade have shown signs of an uptrend for a few weeks.
Even while we talk of the prospect of acres changing from corn to beans, in reality, the farmers have already ordered seed and made that decision.
Grain prices have slowly worked higher on the Chicago Board of Trade, but it remains to be seen if we can continue to firm up prices.
Corn has gotten back toward the top of the trading range it has been in for the last two months, but that is about it.
The long MLK weekend seemed to be an excuse for soybean speculators to rethink the bullishness that came out of the Jan. 10th USDA reports.