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Market Moment

Grains results for All Months from All Years

Why Won't Corn Prices Respond?

Published on Monday, June 5, 2017

In recent weeks, the conversation concerning the markets "need" to move higher as a result of plantings, the lack thereof, crop quality/stand, replant, etc. has continued to gain more traction in the countryside. Farmers, rightfully so, have felt a great deal of frustration regarding spring weather and the inability for the market to respond. We have addressed this on a few different occasions, bu...

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Soybean Chart Damage Leads the Descent

Published on Tuesday, May 30, 2017

Recent weather has had many looking and longing for a weather recovery in our markets.  Waterlogged fields, stories of massive replant, preventative planting, etc dominated conversations throughout the countryside.  Yet, planting progress, as reported by USDA pressed on.  As of May 30th, corn plantings stand at 91% vs the five year average and last year's pace which were both at 93%...

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The "Real" Deal

Published on Monday, May 22, 2017

  Over the course of the last several weeks, many have been watching the wetness across the Midwest with hopes that the idea of a late spring would take root in the market and give rise to prices and ultimately profitability.  At odds with this hope is the fact that corn planting progress has continued to follow the pace encountered in recent years.  See Table of Monday's ...

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Mother Nature making a Power Play ahead of May WASDE

Published on Monday, May 8, 2017

Corn planting progress has not kept pace with a year ago and there are concerns about flooding impact in the Southern Corn Belt, particularly Illinois.  Those concerns came to a head last Monday following the winter storm that devastated the Southern Plains and Western Corn Belt. Today, the planting progress was pegged at 47%.  This compares with 34% last week, 61% last year at this same...

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Cattle Markets Surge Higher...and so do Grains

Published on Monday, May 1, 2017

The month of April was a moonshot for cattle markets, with the final week being more extreme than the rest.  In the last several days, cash cattle prices surged as packers competed for limited supplies of market-ready animals. Active placements in the month of March have kept feedlots more current than has been the case in over a year. Surging cash prices pulled futures market prices much hig...

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