Sunday, September 15, 2019

Marlin Clark offers insight into the conflicted grain futures markets.

For planting and growth progress, Ohio has been the worst state most of the spring, passed only occasionally by Indiana. That greenhouse weather the weekend of July 20 didn't tip the market one way or the other though.
corn yellowing

Market observers and U.S. Department of Agriculture specialists continue to have different ideas about the size of this year’s corn and soybean crops. USDA came out with its grain stocks report last week, which included current estimates of the crop.
man confused

To say the numbers released by the National Agricultural Statistics Service are incredible is an understatement. To say they are being met with disbelief is universal. The grain market will be shaken for much of the summer.

The mentality of the paper traders is that “rain makes grain.” The reality on the farm is that rain makes mud balls and little yellow corn plants. Experts were left scratching their heads over the numbers in the June 28 USDA corn and soybean planting report, and the market's volatility echoed that confusion.
foggy corn field

Grain markets rallied, in reaction to USDA June 24 reports, which detailed continued incomplete planting and dreadful crop conditions.
grain prices, grain marketing, disaster, Ohio farm,

Crops are in bad shape in the Midwest, and the grain market is trying to decide just how bad. Columnist Marlin Clark shares some insight.
no-till planter

Marlin Clark shares his insights and comments on the state of the grain markets this week.
wet field, prevented planting, weather

Large areas of the Midwest still have very little planting done. Where it is good, it is very good, but where it is bad, it is awful.
rutted wet farm field, Ohio farm, planting,

The reality of really delayed corn planting is that acres will be reduced by either prevented planting for a switch to soybeans.
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