48° - 4:22 am
A phone call last month was a first for me as to its ending. As I was talking with a customer mid-morning, I heard these words at a little faster pace, “Doug, I have to go. I see a groundhog I have been trying to get for months.” I think the next sound I heard [...]
Reasons to be bullish corn: • Technical picture for corn futures is bullish • Indiana and Ohio are clearly having production issues • Illinois growing conditions continue to fade • USDA has dropped planted acres and harvested acres • Trade believes the final yield is closer to 162 than the USDA’s 166 • 2015/16 corn [...]
Corn USDA surprised Chicago analysts last week by reducing 2015 corn acres estimates — 200K planted but 500K harvested. This could reduce 2015 bushels by 80 to100 million, and ultimately support prices. Still questions remain: • Will harvested acres stay low? • Will USDA revise estimates in the future? • Will excessive rainfall cause a [...]
Where can corn and bean prices go from here? Corn looks to be in a range of $3 to $4.40. The soybean range could be $8 to $10. Following are some of the market movers that could take prices higher or lower. Reasons to be bullish corn: • Too much rain — nitrogen losses [...]
A number of recent trading sessions have been marked by a frustrating pattern. Overnight, grains will start a brave little rally based on fundamental production worries like rained-out planting or flooded, sprouting wheat. At 7:00 a.m., they’ll be gaining a few cents to counteract the brutish losses of previous days, and then — wham! Something [...]
Soybeans Due to heavy rain, 6 million soybean acres in Kansas and Missouri are not yet planted. How many acres might end up in prevent plant? Two million acres, or about 100 million bushels, while significant would probably not have that large of an effect on the market. Even if none of these acres are planted, the [...]
There was a small rally for the week in corn and beans. While nice to see, it was probably caused mostly by a drop in the value of the dollar. Speculators bought grain to cover their short positions and pocketed a little profit. A few small bad weather pockets (i.e. frost in Manitoba, heavy Midwest [...]
The EPA released their ethanol and bio-fuel requirements last week and the estimates were close to expected results, so the market changed very little. Nothing else big happened, which made the market a little painful to watch as it generally drifted lower. Curious, I reviewed what I wrote a year ago to see if I [...]
Corn For corn, a significant rally will be difficult with the amount of unpriced old crop and another good growing year. End users tell me any board rallies will continue to shake some bushels loose. Many unpriced farmers continue to wait, because they don’t have an exit strategy. Some farmers (who don’t have marketing plans) [...]
While planting last week I looked at all the technology in the tractor cab, as auto-steer guided me down the field. It amazed me how sophisticated precision planting is. Farmers now use technology that puts the ideal number of seeds based upon field conditions with such precision to optimize yield. Despite how complex and complicated [...]
| Commodity | Month | Last | Change |
| Electronic Corn | May | $3.8700 | +0.0100 |
| Electronic Corn | Jul | $3.9675 | +0.0150 |
| Electronic Corn | Sep | $4.0350 | +0.0125 |
| Electronic Soybeans | May | $10.2725 | - 0.0075 |
| Electronic Soybeans | Jul | $10.3875 | - 0.0075 |
| Electronic Soybeans | Aug | $10.4050 | - 0.0100 |
| Electronic SRW Wheat | May | $4.8400 | +0.0325 |
| Electronic SRW Wheat | Jul | $4.9325 | +0.0375 |
| Electronic SRW Wheat | Sep | $5.1025 | +0.0350 |
| Electronic Soybean Meal | May | $380.6 | +1.4 |
| Electronic Soybean Meal | Jul | $384.5 | +1.2 |
| Electronic Soybean Meal | Aug | $382.6 | +0.8 |
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| Commodity | Month | Last | Change |
| Denatured Fuel Ethanol | May | $1.465 | -0.007 |
| Denatured Fuel Ethanol | Jun | $1.461 | -0.009 |
| Denatured Fuel Ethanol | Jul | $1.467 | -0.009 |
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| Commodity | Month | Last | Change |
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| Commodity | Month | Last | Change |
| MILK CLASS III | Apr | $0.00 | 0.00 |
| MILK CLASS III | May | $14.96 | - 0.02 |
| MILK CLASS III | Jun | $15.47 | +0.03 |
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April 15, 2018
Videos we found interesting and thought maybe you would too.