Thursday, October 29, 2020
Tags Posts tagged with "grain markets"

Tag: grain markets

The odd harvest rally has continued this week. Corn futures have made modest gains for new highs. Soybean futures made a new high Oct. 27.

Marlin Clark offers a look into grain prices and harvest progress for the week of Oct. 19, 2020.

Grain markets hit new highs at or near big psychological numbers, but perceived harvest progress and prospects of continued good weather reversed prices. 

Grain markets live for surprises, and that’s what came out of the U.S. Department of Agriculture grain stocks report Sept. 30, Marlin Clark explains.

The great weather pattern that had an early harvest started in Ohio came to a wet halt Sept. 28.

December corn futures dropped almost a dime, November soybeans crashed 18 cents, December Chicago wheat dipped 19 cents of the recent gains, in one day. 

Soybean, and to an extent, corn, purchases from China have stirred a rally that has November soybean futures over $10 for the first time since Dec. 4, 2017.

Marlin Clark offers an update on the grain markets as harvest 2020 approaches.

The Sept. 30 U.S. Department of Agriculture grain stocks report is the last gasp for USDA to essentially reduce the crop production numbers from last year.

A dramatic decline in crop conditions in some parts of the country, coupled with positive trade news, has fueled a rally in corn and soybean prices.