Saturday, November 23, 2024

A month ago, the market was talking about wet weather that would potentially slow the start of planting. Traders built a little delayed-planting premium into prices. Then, the weather changed dramatically, and so did the markets.

Grain prices have broken sharply lower the last few days, and the reason given is the effect of the Goldman Sachs fraud charges on the market.

In the nearly two weeks since the USDA's Planting Intentions Report release, we have seen corn prices decline and soybean prices make small gains. Part of the confusion in the corn is that there was no surprise.

I can only talk about the March 31 USDA Planting Intentions Report so many times. It will soon be old news, but it is...

USDA's March crop production report says we have the highest ending stocks of 12 years. That cannot be a good thing, comments grain merchandiser Marlin Clark.

Farmers are facing the need to sell corn for spring cash flow into a weak market that continues lower over the last few days.

I should have learned by now. I have been bitten so often. Once bitten, twice shy. How shy for bitten as much as I...

The next big news is projected plantings, out the end of March from USDA. If low prices compared to input costs limit corn acres, we can get some pop in the market.

It is hard to get excited about selling me grain when corn has dropped 60 cents, beans are off $1.40 since Jan. 4, and wheat is down almost 90 cents.

The grain markets crashed after the USDA Inventory Report earlier this month.