More in Marketing

  • Oct 13, 2015
    blog

    The "unknown" bet comes through for soybeans

    Soybean bulls want to contend that global demand is improving to some degree and that most all of the bearish news has now been factored into the current price. Meaning the trade is well aware of the fact the U.S. yield is now much better than anticipated a few months back....More
  • Oct 9, 2015
    blog

    Soybean prices rally after USDA data dump

    The trade found the USDA soybean acreage reduction very favorable and pushed soybean prices 14¢ higher before selling off to just 4¢ higher. It is somewhat positive that soybeans stayed in the green, even with massive global production numbers thrown out today....More
  • Oct 6, 2015
    blog

    Bullish help from USDA could move soybean prices upward

    If you're hoping for soybean prices to move to the upside, from my perspective it's going to take some bullish help from the USDA on Friday or increasingly heavy rains in South America. Unfortunately neither are a guarantee!...More
  • Oct 6, 2015
    blog

    Final 2014 market year average prices announced

    The final 2014 MYA prices announced by the National Ag Statistics Service (NASS) were $3.70 per bushel for corn, and $10.10 per bushel for soybeans. These are the MYA prices that will be used across the United States on a county basis to determine if corn and soybean producers are eligible for a 2014 ARC-CO payment in October....More
  • Oct 2, 2015
    blog

    This corn market requires mental toughness

    As producers we've learned through the years that slowly grinding lower prices are often the most psychologically challenging and painful to sit through. Make certain you are mentally preparing yourself or taking the appropriate actions to avoid the struggles. I continue to believe best practice is to keep all hedges in place....More
  • Sep 29, 2015
    blog

    Can corn prices break through macro head winds?

    Corn continues to run into heavy resistance on the charts each time it tries to advance between $3.85 and $4.05 per bushel. Extreme macro commodity head winds around the globe also continue to work against the bullish players....More
  • Sep 25, 2015
    blog

    China and Brazil take control of the soybean market

    Soybean bulls were happy to see China, the world's top soybean importer, sign a commitment letter to buy 13.18 million metric tons. This was obviously a welcomed event, especially when you consider last year the Chinese delegation agreed to buy just 4.8 million tons....More
  • Sep 18, 2015
    blog

    Soybeans prices could be a surprise winner

    With global demand for soy fairly stable at this level and continued political uncertainty brewing in Argentina and Brazil, I'm going to stay patient in regard to reducing more new-crop risk. From a spec perspective, I like the thought of buying a deep break....More
  • Sep 16, 2015
    blog

    Will Fed's move support the corn market?

    There's a lot of talk that corn might take several runs to break-through the $3.95 to $4.05 area vs. the DEC15 contract. There's also talk that the funds have been covering some of their short positions in several markets as they try to lighten up the load ahead of the uncertainty surrounding the Fed's next move on Thursday....More
  • Sep 11, 2015
    blog

    USDA info provides tailwinds for corn prices

    Corn has rallied a bit this week ahead of what some inside the trade are thinking could be bullish adjustments by the USDA. Technically I still see heavy resistance up in the $3.85 to $4.05 range and believe it will be tough for corn prices to stay above this area until more harvest details become available...More
  • Aug 28, 2015
    blog

    Is there still a bullish corn card to be played?

    Corn continues to trade inside a tight 10¢ range. U.S. exporters were happy to see better than expected weekly corn sales, but there is still talk of traditional buyers like South Korea going to Brazil for supply....More
  • Aug 21, 2015
    blog

    After a rough week for soybeans, is the low price in?

    Soybeans continue to trade toward the low end of their range. The bulls are talking about the possibility of an additional 1 million acre reduction in U.S. harvested acreage and that U.S. exports to China might be picking up out of both the Gulf and the PNW....More
  • Aug 18, 2015
    blog

    Corn acreage estimates continue to be disputed

    Corn continues to show mixed tendencies as the initial FSA numbers and private crop tours leave more uncertainty and ambiguity than solid definitive answers....More
  • Aug 18, 2015
    blog

    USDA crop report surprises grain trade

    The USDA Crop Report issued on August 12 estimated the 2014 total U.S. corn production to be just under 13.7 billion bushels, which would be third-highest U.S. corn production in history....More
  • Aug 14, 2015
    blog

    What's next for the soybean market?

    Soybean bulls, similar to corn, are having a tough time digesting what appears to be an overly optimistic yield estimate by the USDA. The bulls are also questioning what they believe is a very conservative adjustment to harvested acres....More

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