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Market Moment

Grains results for All Months from All Years

Harvest Frustrations

Published on Monday, November 4, 2019

It's not breaking news that the 2019 corn and soybean crop is behind schedule and wetter than usual.  Farmers are often finding their daily harvest capacity limited by their dryers.  Commercials are in a similar position, drying around the clock and still unable to keep up.  In a typical year very few beans are sent through a drying system whereas, this year that is not the cas...

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Soybeans get a Global boost

Published on Monday, October 28, 2019

The USDA updated harvest progress numbers Monday afternoon.  Corn is slightly lower than the average guess at 41% complete, behind the five year average pace of 61%.  Soybeans are now 62% harvested vs. the five year average of 78%.  While much of the focus in the United States revolves around harvest progress and weather, there are other forces at work in soybean markets giving...

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The Fall/Winter Range?

Published on Thursday, October 24, 2019

China or no China?  Good yield or bad yield?  Big acres next year or managable?  More acres to be lost this year or is USDA right?  Strong feed usage to continue?  What about the poor profitability in Ethanol?  In all of this conflict, markets are sifting for direction.  However, will there be a definitive direction that leads us forward?  A quick study of h...

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A Deal with China

Published on Monday, October 14, 2019

Newswires were a frenzy last week as "Phase One" of a deal with China came to agreement...or at least an understanding.  While nothing has been carved in stone, there appears to be terms agreed on by both sides after a series of negotiations in China last week.  Chinese negotiators have expressed their desire for another round of discussion before declaring that any deal has been made.&n...

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A Technical Look Ahead

Published on Monday, October 7, 2019

Last Monday, the USDA released its September 1 Quarterly Stocks report.  This data set becomes our carry in stocks for the 2019/2020 marketing year.  Corn and soybeans both experienced significant technical triumphs after the USDA's numbers were less than the lowest trade estimate.  See the full data set below.     USDA SEPTEMBER 1 U.S. GRAIN STOCKS (mln. bu.)  ...

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