Grain
January 21, 2020 Grain ExchangeLast week’s trade agreements, including signing of Phase 1 with China and the USCMA (NAFTA 2.0) are positive news in the Ag front. So why are markets lower? China has agreed to purchase substantial amounts of Ag products, but purchases are based on market conditions. No significant crop issues in South America and a cheap
January 16, 2020 Grain ExchangeOnce again, the market is disappointed. All of the excitement leading up to the signing of Phase 1 China agreement yesterday seems to be a letdown for the market. The traders are skeptical that China will follow through with the agreement. The markets tumbled after the signing with soybeans down 13 cents and trading 5
January 14, 2020 Grain ExchangeThe major theme from last Friday’s report is that the trade ignored the US corn yield increase and larger ending stocks for a couple of reasons. The first is that the USDA stated that a re-survey of the slowest harvest states will be done but gave no indication when those results will be released.
January 9, 2020 Grain ExchangeALMOST, report day! USDA is set to release quarterly stocks and final production numbers at 11am sharp. Below are the estimated and last report numbers. Make sure to have offers working on old and new crop. We might see quick spikes in the market. Hold on for a wild ride in the market. It is
January 7, 2020 Grain ExchangeMarkets are generally softer this Tuesday morning as the industry prepares for Friday’s USDA report. This much anticipated report will have the USDA’s annual crop production numbers, quarterly grain stocks report, and the WASDE supply and demand report. Along with that report, we are also waiting for the signing of Phase 1 of the trade
January 2, 2020 Grain ExchangeHappy New Year! New year, new opportunity. USDA released their calendar for the 2020 report schedule. The first major report will be January 10. Information included in the report will be “final” production, exports, and domestic usage. The Phase 1 deal is said to be signed January 15. Hopefully both events bring new opportunities to
December 23, 2019 Grain ExchangeEvery year the harvest season feels unique, this year was especially different as we powered through a Halloween with winter-type weather and now Christmas feeling more like autumn. Moreover, here at Landmark our grain dryers are still working very hard on BEANS, crazy! Phase 1 China trade agreement, USMCA and South American weather are the
December 17, 2019 Grain Exchange – An Early Christmas PresentAg markets received an early Christmas present with announcement of phase one trade deal with China. The details of the deal are slowly being released. The agreement specifies $32 bil gain in agriculture purchases or $40 billion/year. The “when and how much” grain is the big question. It seems like China will make good faith
December 10, 2019 Grain ExchangeThe USDA supply and demand report will be out this morning at 11:00. While the last USDA update of the year typically is a non-event, traders are worried about the terrible pace of corn exports and if further cuts in demand and increases in ending stocks will be an unwelcome surprise. Today’s report will hold
December 5, 2019 Grain ExchangeAs the market is looking forward to the December 10th crop report, local farmers are pushing hard to try to get the crop out of the field. Average trade estimates for U.S. corn ending stocks is 1.919 billion bu, soybeans at 476 million bu and wheat at 1.01 billion bu. IEG released a smaller guess at