The traveling experts are worried that we are going to raise a big crop and have $4.50 corn. The farmers don’t believe it.
USDA says we may plant 96 million acres of corn. They look for 76 million acres of soybeans, although there is some thinking that we could see as much as 79.75 million acres. Last year we planted 77.198 million.
Current U.S. grain market movement is in a trading range, and no progress is being made.
Regardless of USDA reports last Friday, we are trading this grain market as a short-crop year.
Grain prices are at or near lows on all three major commodities on the Chicago Board of Trade.
There are a lot of reasons grain markets have traded lower. Some are valid, some are the kind of reasons analysts give when they have to give reasons, says grain trader Marlin Clark.
The last line of that Zombies song from the dark ages of the ’60s is, “It’s the time of the season for loving.” That’s a good Christmas thought, and better than the one I had this morning, looking at prices. This morning it seems like it is the time of the season for losing money […]
Traders have focused on exports, transportation issues, South American weather, and politics as reasons for the decline in grain market prices.
Farmers, this is a grain market that wants your corn now, and will pay less for it in the future, unless the structure of the market changes.
Friday’s USDA report did not have a lot of news, but what it had caught the market leaning the wrong way. The result, eventually, was a changed landscape for the market the last few days. Soybeans USDA released the Supply and Demand Report Friday morning, and the result was a resounding “thud” in the soybean […]