We knew when we had high prices that the year would come when the costs did not go down as much as the grain prices did. Now we are there, and it is ugly.
The market was closed Jan. 19 for Martin Luther King, Jr. Day, so now we have to work through the confusion of having no trading for three days.
Corn outlook: “I am not bullish, but I am friendly to the idea of new highs. We can’t have high prices without a 1 billion carryout in corn. We have to look to the new crop for help there.”
The rebound is nice, but grain merchandiser Marlin Clark says it is hard to be actually bullish without solid fundamental news in this country.
Plan a disciplined series of sales that get the grain bins emptied before the rest of the farmers look around and realize they have to empty the bins for next year.
Short week, but lots of activity still happening in the markets.
Speculation about Russian wheat exports seems to be the cause of recent price jumps in the Chicago wheat futures.
The most notable feature of this week on the Chicago Board of Trade is the lack of trading hours.
I am remembering the traditional harvest schedule of my youth, when we hoped to have the crop in by Thanksgiving Day.
With the big grain crops, prices do not have a good reason to improve. There are hard decisions ahead for farmers.
The combination of a big harvest, falling storage space and the export market are impacting the price of corn and soybeans.
There is nothing in the market to indicate we could have high grain prices. We have just seen a bounce from awful prices.
As usual, it is all about the reaction to the USDA reports. In this case, the market did not seem to look at the numbers the same way Monday as they did Friday.
Phones are not ringing in cash grain trading offices across the Midwest, and when farmers get together, they talk about why they did not sell $4.50 corn when they had the chance.
U.S. grain prices continue to anticipate a huge harvest by going lower. We keep hoping the bottom is in on the charts, but then we slip lower.
The grain market is just “mostly dead.” We still have the race to find out what the average crop is. If we have over-estimated the size, prices will stabilize. If the huge crop is really rolling in, the worst is still ahead of us.
For the last month traders, processors, and farmers have been frozen by our limbo market, wondering how low we can go.
For the last month traders, processors, and farmers have been frozen by our limbo market, wondering how low we can go. We have focused on the daily trading, watching prices slip lower most days, wondering when the slide would stop. Every once in a while we get a blip up that gives us hope. This […]
This has been the summer of worrying about maturing crops, of enjoying the rains that were filling the soybeans and struggling to bale hay without getting it rained on three times.
Crunch time in the grain markets: If we confirm a huge crop with early harvest, the lows are not yet in.