Thursday, May 16, 2024
Tags Posts tagged with "grain markets"

Tag: grain markets

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.

If it's a bad idea to play with matches, it's an even worse idea to play with a blowtorch in a fireworks factory. And...

"My fear at this point would be that farmers would regret missing the high prices and wait for them to return."

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.

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.

The economy is growing, but not very quickly.

Marlin Clark talks about how the weather is changing the crop market. He also discusses the drought of 1988.

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.

The grain market would like to see 2-3 million acres shifted out of corn and spring wheat into soybeans, but is it too late?