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.
“My fear at this point would be that farmers would regret missing the high prices and wait for them to return.”
Long weekends make traders nervous. Anything can happen. Three days is too long to hold a position for some, so they buy back or sell back Friday, depending upon their position. Then, Tuesday, they get back in. Consequently, it is common to sell off a bullish market Friday, then buy it again Monday. The sell-off […]
The drought weather market of 2012 has continued, with emphasis shifting back to soybeans once again.
Grain price direction from here is not clear, but one thing we know. In short crop years, we make the high before harvest, then go lower. Grain merchandiser Marlin Clark explains more.
Maybe you can’t hear clearly, but if you shut off all machinery and stop the conversations within a few feet, it is possible. It is the sound of the fat lady singing. It sure feels tonight like the big rally of 2012 that left us thunderstruck with record corn and soybean prices is over. We […]
How bad is the current drought situation down on the farm? Things are so bad that analysts are now talking about 1956 instead of 1988.
Marlin Clark talks about how the weather is changing the crop market. He also discusses the drought of 1988.
The calendar, the weather man, and the bean counter are all fighting for attention in the market this week. So far the weather man is winning.
Put this week in your diary as the one that determines if we make a weather market run back up on grain prices, or continue the weekend downturn into new lows. Rain will be the reason.