Blog
October 19, 2018On a positive note the sun is shining, and the combines are rolling through the fields. The drier forecast and dismal export numbers sent the markets lower today. Beans were down 2.5% for the day, with corn and wheat down 1%. Soybeans fell through support at $8.71. The next support is $8.52. There are reports
October 16, 2018The Tuesday trading session has been much softer than the bump we saw on Monday. The soybean market is retreating after there is talk that two soybean cargoes were booked by Sinograin and will be loaded without the tariffs. This means that there isn’t any stance on the policy change from the Chinese government. Markets
October 12, 2018The USDA crop report was released yesterday at 11:00 AM. Corn production is forecast at 14.8 billion bushels, down slightly from the September forecast but up 1 percent from last year. The yield was estimated at 180.7 bushels per acre. This was down 0.6 bushel from September but up 4.1 bushels from 2017. This was
October 9, 2018The grain markets are trading a little softer to start this week. Many are waiting for the USDA report on Thursday to see what yields and carryout will be. The average estimates for Thursday’s report are for corn yield to be 181.8 and ending stocks to be 1.9 billion bushels. Soybean yield to be 53.4
October 4, 2018Good Morning, October started out with the announcement of the completion of the Canadian part of the US/Mexico/Canada trade agreement (USMCTA) which sent corn and bean prices sharply higher. Going forward with the completion of NAFTA is the optimism that the upcoming trade negotiations with the EU and Japan will lead to a positive outcome
October 2, 2018This market is a wild ride. Make sure to take time with your grain marketing specialist to have open offers in for this fall and spring 2019 and beyond. The market has been helped by an agreement with Canada and Mexico now called USMCA. This helps the US with $1.3 million in trade. China is
September 27, 2018Landmark elevators are starting to see new crop corn and beans cross the scales. In between showers, producers have been able to find beans below 13% moisture and better than expected yields. Corn being harvested has been a result of disease pressure which threatens standability. Yield results on this distressed corn has been a mixed bag due
September 25, 2018Soybeans are trading higher this morning despite better crop ratings on Monday. Some think it’s tied to Argentine peso collapsing over 4.6% overnight after their Central Bank chief resigned. Some note Argentine crushers can make over $15 a ton importing US soybeans and exporting the meal/oil. US harvest is at 14% harvested compared to 8%
September 20, 2018Good morning, Harvest has started in many places locally but have been slowed by this rain. The southern plains states should have some showers which will bring moisture for the winter wheat planting. Corn is steady to up a penny as we start out the day. Open interest in corn was up yesterday even with
September 14, 2018The USDA surprised the trade somewhat once again on Wednesday with the huge corn yield estimate for the US crop. They had corn yield at 181.3 bushels per acre a new record. They also estimated soybean yields higher than what the trade had expected at 52.8 bushels per acre. Both the corn and soybean numbers