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Market Moment

Grains results for All Months from All Years

Breaking Down The "Drought"

Published on Monday, July 10, 2017

There has been no shortage of discussion about weather in recent days.  There is no shortage of pictures depicting the drought that is ongoing in the western Dakotas and eastern Montana.  See July 4 US Drought Monitor map. Social media has well noted the dire situation that many producers have unfortunately experienced.  Adding to this discussion, forecasts are showing 90-100 degree...

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Grain Market Fireworks

Published on Monday, July 3, 2017

Our Independence Day celebration is seldom complete without a fireworks show.  While many Americans will be watching the skies for such a display, those close to agriculture are watching the markets.  In fireworks fashion, grain markets have gone straight up in recent days.  See Charts. Wheat continues to lead the pack with the most ooh's and aah's, as dry weather continues to rock ...

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Acreage Report & Quarterly Stocks Report... Never a Dull Event

Published on Friday, June 30, 2017

The first words to describe the report are "more corn!"  Acreage topped guesses by nearly 300,000 and were reported at 90.9 million.  June 1 Quarterly Stocks came in at the high end of the range of estimates at 5.225 billion bushels, 11% above 2016 levels.  The combined 1-2 punch of acreage and stocks took the wind out of the corn's sails.  A higher close was still achieved aft...

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Home, Home in the Range...

Published on Monday, June 26, 2017

Warring fundamentals continue to leave many wondering why the market has not responded to what they would call "obvious" reasons to move higher.  No one can dispute the fact that the 2017 planting season was about as disjointed, problematic, and drawn-out as many can remember.  However, in retrospect, the planting pace (which is the first numerical data point provided to the trading comm...

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Spring Wheat Markets Surge

Published on Monday, June 19, 2017

  Spring Wheat prices have made a meteoric rise in recent weeks fueled by declining crop conditions.  A combination of difficult spring planting conditions, disease, and extreme dry weather in the Northern Plains have caused massive weekly deterioration in crop ratings that now stand at only 41% Good to Excellent (G/E), with 27% rated as Poor or Very Poor and the balance rated as Fair. ...

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