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 […]
With no news comes fickle markets subject to the whims of Chicago traders. Now is the time to forget the highs and remember the crops in eastern Ohio are better than expected, and the prices are still much higher than planned for at planting time.
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.
While U.S. crop planting is fast, the market has gone down just as fast. Soybeans were down six of the last eight days. Both beans and corn have dropped hard.
Marlin Clark reacts to recent market fluctuations and discusses what’s ahead in the future.
Sell your old crop soybeans when futures are over 15 and don’t look back. Continue to sell the new crop as it creeps higher.
If the planting pace continues and we have a warm and moist May, we will see new grain market lows in corn.
Some observers are speculating that corn futures could be 3.50 at harvest. Yep, you read that right: $3.50.
Regardless of the fickle nature, good sales opportunities, for both old and new crop grain, are lurking.
I am looking for lower prices. The farmers want one more shot at $7 corn. They should not bet the farm they will get it.