Blog
February 14, 2019Happy Valentine’s Day! Two days of trade talks between the US and China begin today. According to a Bloomberg article, President Trump is considering a 60-day extension of the March 1st deadline for higher tariffs on Chinese imports. President Trump and President Xi are expected to meet sometime in March to discuss a potential trade
February 12, 2019It’s another beautiful day in the neighborhood! Just keep thinking that spring is only five weeks from now and we’ll be climbing into the tractors to plant hopefully four weeks after that. Last Friday the USDA released the first major report in two months, the reaction from traders were well let’s just say muted! All
February 8, 2019It is the day of the long-awaited report of final production numbers, wheat seeding and supply and demand for February. The market has been up and down. Get your offers in ahead of the report. Corn is stuck in the 3.78 March 2019 and 4.02 Dec 2019. The US sold 20 million bushels of corn
January 31, 2019Good morning- It appears mandatory that all grain wires this week start out by informing you that it is extremely cold. Temperatures have resulted in many closures and logistic problems which have resulted in some cash firmness for shipments made this week in corn but not in soybeans. In general, it has been a quiet
January 29, 2019On this very chilly January day the markets seem to be as cold as it is outside. Currently Corn, Soybeans and Wheat are all trading lower. The market needs some fresh news. With the Federal Government now open for business we are waiting for the USDA reports to get released. The next big USDA report
January 24, 2019Markets are softer this Thursday morning as we continue trading without information from the USDA. Wall Street saw some gains yesterday as the dollar strengthens slightly. The U.S. Commerce Secretary Ross makes statements indicating that China will send a group of delegates to the United States to continue trade talks. Corn prices have been trading
January 22, 2019While we don’t get export sales reports with the partial government shut down, they do continue to report actual inspections of loaded grain each week. The US corn exports were reported at 43.6 million bushels, which is above expectations, however we need to average 46 million bushels per week the balance of the year to
January 17, 2019Good Morning, After seeing plenty of red on Tuesday, grain markets ended yesterday’s session on a small technical bounce as corn, soybean and wheat all picked up small gains. The continued concerns over the lack of progress concerning U.S. – China trade negotiations are keeping a low ceiling on the higher prices. Amid the ongoing
January 15, 2019With the government shutdown in day 25, no big reports, markets continue to be steady. China announced income tax and other fees reduction. China is looking to keep their economy growing and claims that domestic gross product is growing near 6.5% which is slow for their standards. It is felt that the true number is
January 10, 2019We are entering day 20 of the government shutdown. This has proven to influence the farming community. As the deadline for the farm aid payments is quickly coming up some growers have not been able to get in to their FSA offices yet. Luckily, he USDA has said they will be extending the deadline. Another