Saturday, May 18, 2024

Corn prices crashed on the Chicago Board of Trade the last week, even as soybeans tried to hang on to recent highs. Last week,...
Spillman Grain Farm

Marlin Clark offers grain market insight following the release of the January USDA Inventory reports and the signing of the Phase One China Trade Agreement.
grain dump

Conclusions and directions are hard to wrest out of this market.

The casual view from the windshield is of good crops. The reality is that we are very late, however, and that exposes us to less yield and fears of maturity. A frost scare the end of September would change things a lot.
Corn during drought 2012

All major commodities were stronger last week, as observers decided that we are in a drought of large proportions and that crop ratings are declining.
grain bins

The grain markets are concentrating on South American politics and weather, and on the Thanksgiving holiday. These dominate prices in the absence of other, more direct, news.
green corn plant under white sky during daytime

Marlin Clark details how global trade and production are impacting grain prices in the United States.

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

The drought weather market of 2012 has continued, with emphasis shifting back to soybeans once again. Last week, we made new highs in corn,...
market chart graphic

I have long held our modest hope that we would see some rebound in prices after the holidays.