Sunday, May 5, 2024
John Deere planter in action

The expected fast pace of spring planting due to dryness over much of the Midwest has gone away. Marlin Clark offers insight into the grain markets.
planting soybeans

The grain markets are still focused on the Prospective Plantings Report, and some "new" news is needed.
Corn wide

The weekly U.S. Department of Agriculture crop condition report was released July 12. Marlin Clark weighs in on the current conditions of the grain markets.
corn harvest

More than any other time in recent memory, farmers this year are harvesting in hope. That is, their collective marketing plan is to hope that prices get better.

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.
sun in corn field

The perception of the market is that there's not enough corn to get through the year, especially with the current export pace that's ahead of projections.
harvesting corn

In grain marketing, the history that sometimes repeats is the history of bad marketing decisions. When will we learn?
market chart graphic

Farmer marketing is an art, not a science. Sometimes it feels good to eat the mouse, but it is always more comfortable to nibble along on worms.

Since the direction of the market for the remainder of the crop year depends mostly upon the size of the crops, the Aug. 11 USDA Crop Production Report is a big deal.
foggy corn field

Grain markets rallied, in reaction to USDA June 24 reports, which detailed continued incomplete planting and dreadful crop conditions.