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Market Moment

Grains results for All Months from All Years

A Glimmer of Hope for Corn?

Published on Monday, September 25, 2017

Warm and dry conditions have continued to push crops toward maturity.  As of Sunday, the USDA pegs corn harvest at 11% versus 14% last year and a five year average of 17%.  In these early stages of harvest, yield data can be all over the map as to what type of yields are realized.  Anecdotally, many of the numbers are better than expected.  However, despite this chatter ma...

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Tales In the Wake of the Storm

Published on Monday, September 18, 2017

There is no doubt that the devastation left in the paths of Hurricanes Harvey and Irma will be remembered for a very long time.  Our thoughts and prayers go out to the families affected by these storms.  The headlines surrounding their landfall grab your heart, but on occasion can challenge your thinking.  To that end, many statements have been made about damaged crops, da...

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September WASDE Raises Yield

Published on Tuesday, September 12, 2017

The USDA shocked the world by raising yield for both corn and soybeans.  At 169.9 bushels/acre, this marks the 2nd largest yield in history and will lead the US to raise the third largest corn crop by way of total production.  Soybean yield also rose to 49.9 bpa.  But, when laid against additions to demand, ending stocks remained the same.  Wheat numbers were left unchanged.&nb...

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A Matter of Positioning

Published on Monday, September 11, 2017

For the past seven trading sessions, corn has been bound to roughly a five cent trading range that sits roughly 10 cents off of recent lows.  See Corn Futures Chart below.  Soybeans witnessed a stronger upside effort, though have offset a portion of last Monday's gains in the last two sessions.  Much of this sideways trade is a function of tomorrow's USDA report which will...

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Corn...A Time For Technicals

Published on Tuesday, September 5, 2017

Last week we talked about the need to respect what could be a changing of the guard in the market. Throughout the past week, private surveys and other yield analysis has continued to pour into the market. The most recent of which was the FC Stone Survey results which can be seen below. This state by state analysis, like most other private "guesstimates", shares similar results with the ProFarmer t...

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