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Market Moment

Grains results for All Months from All Years

Another Limit Move

Published on Monday, August 12, 2019

On June 28 the USDA issued an Acreage report that caught the attention of everyone.  The market finished just off of its limit down run after the numbers were released.  A move higher would follow in the days that followed.  Much of that optimism was built on a resurvey of acres that would take place across 14 states with results to be released August 12th.  That was today.&nbs...

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Acreage Anticipation

Published on Monday, August 5, 2019

In last week's Market Moment, we discussed the balance sheets under a few different scenarios.  As mentioned then, acreage and yield will be the two most widely followed numbers in the Crop Production and WASDE reports.  While yield may potentially still see delayed adjustments, acreage is the largest component in next Monday's release. What will make the acreage number so interesting i...

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Balance Sheets Revisited

Published on Monday, July 29, 2019

Grain markets have become subdued in the last couple of weeks giving very little attention to most any fundamental discussions (trade, weather, etc.).  See Charts. Prices have adhered well to recent technical support which can largely be generalized by $4.25 December Corn and $9.00 November Soybeans.  As prices test support, fund managers have continued to be small but willing buyers of...

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Variable Storage Rates for Corn and Soybeans

Published on Monday, July 22, 2019

To even the casual onlooker, recent corn price movement would be confusing and seemingly lacking any real direction.  That direction will hopefully become more settled as we learn more about the crop, its size, and quality.  However, much of this may not be figured out at harvest.  To add to the complexity of this fall's storage decision, we have one more thing to understand as it r...

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Weather We Will or Not

Published on Monday, July 15, 2019

As mentioned in last week's post WASDE update, the USDA made no material changes to the balance sheet for corn.  It will be another month until the much anticipated August WASDE will be released with the revision to the June Acreage report.  Until then, no formal changes will be made to acreage or yield numbers.  However, as mentioned last week, there is one thing that can still alt...

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