Saturday, May 18, 2024

When a grain trader talks about harvest pressure, he is referring to the effect on the futures markets on the Chicago Board of Trade...

Six weeks ago, and a little more, we finally made the big highs in corn and soybeans. I had been impatient, had predicted highs...
Wheat harvest

Weather and crop condition pushed grain prices dramatically higher on the Chicago Board of Trade this Turnaround Tuesday morning, July 18. Corn is up 12 cents, Soybeans are up about 14, and the wheat is almost a dime higher.

As corn prices have gone down, it has felt at times like we have left the slide completely and will fall to our financial deaths.
silo

A lack of faith is the biggest factor in grain price movement in the year 2020 so far, Marlin Clark explains in his weekly update on the grain markets.

Last week we looked at charts, trying to find signals of direction. Well, we know more about direction now. Corn prices broke sharply on...

I consider this a good selling opportunity. We got scared by the break, and regretted not selling before it.

As we wait for the USDA Planting Intentions Report, which is due March 31, we are seeing bullish enthusiasm return to the markets.

Channeling Little Orphan Annie and Gone With the Wind to stay positive in this grain market.
Corn planting

The recent USDA planting progress report shows both Ohio and the nation are ahead of the five-year average. However, recent rains may slow things down.