Market Analysis

It’s taking $4 cash to open bin doors

Jon Scheve, a grain merchandise with Superior Feed Ingredients, says that ethanol plants are having to raise corn basis to get farmers to load up a truck for delivery. He says some farmers are holding on for dear life until they see prices around the $4 cash mark or higher. Hear more of his comments [...]

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$3 corn2

January report offered news for bulls and bears

Maybe the most anticipated USDA report of the year was published last week. The biggest take away in the report was carryout bushels. Carryout is the amount of unused grain from one production year to the next, which helps traders to determine if the market is trading at the correct price. The bullish news was that corn yields and carryout were reduced, [...]

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Will glut of supply mean $9 soybeans (or less)?

After USDA’s January supply and demand report, the soybean markets felt a lot of downward pressure and flirted with resistance levels at the end of the week. Jon Scheve, a grain merchandiser with Superior Feed Ingredients says that downward trend may continue and really put the pressure on the bean markets at harvest time. He [...]

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The importance of setting marketing goals

The market appears to be trading sideways until the New Year when traders get back to a full week of trading. Also, many in the industry are waiting for direction from the January USDA report. With the market volatility facing producers in 2015, there will be opportunities to maximize profits, but farmers need to be prepared to take [...]

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Where will futures go in 2015?

Corn Why is it so hard to predict where futures will go next year? Largely, because, it’s impossible to predict what all U.S. farmers are going to do and what the weather will be like in the future. Will farmers have time to complete fall tillage – they didn’t complete all of it last month When will [...]

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Photo by Randall Reeder.

Planning for tough 2015 corn and soybean markets

Most of my clients are priced for all of their 2014 AND 2015 corn and soybean production. I’ve been urging them to be prepared for heavy supply and stagnant (if not falling) prices going into the 2014 harvest. All the experts are assuming U.S. farmers will produce about two billion bushels of corn above the [...]

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