Friday, August 12, 2022
Tags Posts tagged with "grain markets"

Tag: grain markets

Corn has rallied on the idea that the corn acres will decrease and the beans will increase, in Thursday's USDA Planting Intentions Report.

CME Globex and floor hours to be reduced for both CBOT grain and oilseed and KCBT markets.

The middle of March is a hard time to plan grain marketing. We are in the dark about actual planting plans, spring weather, and the results of the winter weather we are now experiencing.

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.

The Ohio River is a major artery for exporting grain from northeastern Ohio and western Pennsylvania.

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.