Corn prices have plunged to new lows as uncertainty about the crop size has created volatility in the markets.
I was reminded this morning that when it comes to really knowing what is going on in the grain markets, I am as useless as certain vestigial mammary organs on a male swine. Maybe you have to think about that for a moment. I cleaned it up a little for the “General” audience. In fact, […]
Last week I mentioned the old saw about the dead cat — that even a dead cat can bounce a little. That was in response to the idea that the market had gone so low, a little bounce did not mean anything. The bounce has now lasted for a week, and I am forced to […]
I laid awake for a long time in the middle of the night, listening to the rain. I am not sure why I do that. It should be a soothing sound to put me to sleep. Memories Maybe I am listening for wind, with a vestigial memory of the night the elevator blew off the […]
In the early 1970s, I finished spraying a field, and parked the tractor at the driveway with the booms still out. Then, I forgot about it.
When USDA released their monthly Crop Production and Supply and Demand Reports May 11, the market saw glimmers of hope amongst the nuggets of news. The shiny spots now appear to be fools gold. Reality sets in Markets spurted higher coming out of reports May 11, but reality struck later in the week and we […]
A month ago, the market was talking about wet weather that would potentially slow the start of planting. Traders built a little delayed-planting premium into prices. Then, the weather changed dramatically, and so did the markets.
Grain prices have broken sharply lower the last few days, and the reason given is the effect of the Goldman Sachs fraud charges on the market.
In the nearly two weeks since the USDA’s Planting Intentions Report release, we have seen corn prices decline and soybean prices make small gains. Part of the confusion in the corn is that there was no surprise.
I can only talk about the March 31 USDA Planting Intentions Report so many times. It will soon be old news, but it is still the market mover right now, which is to say that the market is not moving.
USDA’s March crop production report says we have the highest ending stocks of 12 years. That cannot be a good thing, comments grain merchandiser Marlin Clark.
Farmers are facing the need to sell corn for spring cash flow into a weak market that continues lower over the last few days.
I should have learned by now. I have been bitten so often. Once bitten, twice shy. How shy for bitten as much as I have. The thing is, the proper answer for almost any question I get these days should be, “I haven’t got a clue.” I need to get this fixed in my mind […]
The next big news is projected plantings, out the end of March from USDA. If low prices compared to input costs limit corn acres, we can get some pop in the market.
It is hard to get excited about selling me grain when corn has dropped 60 cents, beans are off $1.40 since Jan. 4, and wheat is down almost 90 cents.
The grain markets crashed after the USDA Inventory Report earlier this month.
In my grandmother Faragher’s Manx household was the tradition of the “Qualtagh.” The qualtagh, the first visitor to your home in the New Year, was a harbinger of the household fortunes for the year. A young, vigorous man was as good as it gets. A crusty, broken down old farmer meant you should dig a […]
In NASCAR the so-called “silly season” is that period at the end of the year when teams are realigning. Drivers are going to other teams, teams are changing leadership or swapping drivers. People are hired, fired. Everyone knows this next year is the year. Just ask the Cubs or, for that matter, the Indians. Silly […]
Last week we looked at charts, trying to find signals of direction. Well, we know more about direction now. Corn prices broke sharply on the Chicago Board of Trade this week for no particular reason I can think of. That should give you confidence that you are not wasting your time reading this! Actually, the […]
It is hard to get a handle on where markets are going these days. The easiest method, with the least recriminations when you are wrong, is to look in the rearview mirror.