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.
“My fear at this point would be that farmers would regret missing the high prices and wait for them to return.”
Long weekends make traders nervous. Anything can happen. Three days is too long to hold a position for some, so they buy back or sell back Friday, depending upon their position. Then, Tuesday, they get back in. Consequently, it is common to sell off a bullish market Friday, then buy it again Monday. The sell-off […]
The drought weather market of 2012 has continued, with emphasis shifting back to soybeans once again.
Grain price direction from here is not clear, but one thing we know. In short crop years, we make the high before harvest, then go lower. Grain merchandiser Marlin Clark explains more.
Maybe you can’t hear clearly, but if you shut off all machinery and stop the conversations within a few feet, it is possible. It is the sound of the fat lady singing. It sure feels tonight like the big rally of 2012 that left us thunderstruck with record corn and soybean prices is over. We […]