844.845.6688 info@crmg.us

Market Moment

Grains results for All Months from All Years

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...

Learn More

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...

Learn More

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. ...

Learn More

Weather, Charts and Fund Traders

Published on Monday, June 12, 2017

Of late, much talk about ongoing dryness and drought has been surrounding the market.  Prices rallied significantly last week, only to give much of that away on Monday.  While wetter forecasts prevail in the next 10 days, the degree of impact of recent dry weather can be witnessed in the recent Drought Monitor map (below).  It becomes plainly obvious that the recent dry spell i...

Learn More

June USDA/WASDE Report Numbers

Published on Friday, June 9, 2017

As is usual, the USDA said very little in the June WASDE report.  The US corn balance sheets was left alone from last month.  Soybean balance sheets saw a minor deduction to the crushings number for last year's crop which added 15 million bushels to the beginning stocks for 2017/18.  Aside from that, no changes were made.  World balance sheets saw only minor adjustments as well...

Learn More