Farmers fighting for crops in Ohio
It is no news to anyone reading this that the farmers of Ohio are fighting for their crops and their livelihoods. The hardy farmers of northeast Ohio got parts of two days this weekend to run beans on squishy ground.
Grain markets: The good, the bad, and the ugly
December corn futures have now dropped exactly $2 from the 7.77 Aug. 30 high. The good news is that we may have finally put a bottom in.
Got the rain gauge (and grain market) blues
The rain gauge told the story yesterday. I finally limped out there with my shepherd's crook leaving holes in the ground. (That's another story:...
The sun will come up tomorrow
Channeling Little Orphan Annie and Gone With the Wind to stay positive in this grain market.
Corn prices take run at all-time high
Our short supply for the old grain crop is leading into fundamental numbers that make us think the tight supply continues for the next year.
Worse crop conditions, better prices
It's a seller's market: Don't look back at $7 corn and $14 beans and wonder why you didn't sell those numbers going into harvest!
Erratic grain markets after USDA reports
USDA cut the corn and soybean crop estimates in the Aug. 11 Crop Production Report, but the market has had two minds about the...
Disappointing grain trading and confusion before the report
Since the direction of the market for the remainder of the crop year depends mostly upon the size of the crops, the Aug. 11 USDA Crop Production Report is a big deal.
Ohio crops are late, but improving
The casual view from the windshield is of good crops. The reality is that we are very late, however, and that exposes us to less yield and fears of maturity. A frost scare the end of September would change things a lot.
Pity the poor, misunderstood grain market speculator
The grain market needs speculators, but they are fickle. They will set a price to take a profit and liquidate. If there are a lot of them following some trading company's advice, the market can be adversely affected in a short time. They may even reverse positions, putting huge pressure on the market.
