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Market Moment

Grains results for All Months from All Years

Unprecedented USDA WASDE Report - 06/11/2019

Published on Tuesday, June 11, 2019

The USDA shocked the market with an unprecedented move to reduce corn planted acres (by 3 million) in the June WASDE report.  This is unprecedented because the June Acreage report is just three weeks away and any changes to their March estimate is generally adjusted then.  But times such as these call for such action.   Soybean and wheat balance sheets saw little by way of cha...

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Supply AND Demand...The Balancing Act of Price

Published on Monday, June 10, 2019

At this time last year, 99% of the corn and 88% of the soybeans were planted.  Not the case this year.  While plantings advanced to 83% in corn and 60% in soybeans, these levels are well behind the average.  As important is the condition of the crop that has been planted.  59% of the US corn crop is rated good or excellent, well below the 77% rating last yea...

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Funds...Climbing the Mountain

Published on Monday, June 3, 2019

Planting pace again failed to meet expectations as corn is now 29% behind the average pace and soybeans are 40% behind their pace.  The states of highest interest continue to be Illinois, Indiana, Ohio, Michigan, Missouri, and South Dakota.  A full view of this week's report can be found below. While the pace of planting may be slow, fund buying is anything but.  Last week began on...

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CME Margin Change Notification

Published on Thursday, May 30, 2019

Good afternoon, Today the Chicago Mercantile Exchange announced that margin requirements are increasing by $120.00 on corn effective after today's close, 5/30/2019.  The new rates are as follows: CN19 - CK20 - $880/contract   CN20 - CZ22 - $760/contract If you have any questions, please do not hesitate to let us know. Sincerely,  Your Commodity Risk Management Group Team...

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Published on Tuesday, May 28, 2019

For many producers, the question of "WHAT" to plant or "IF" to plant is drawing closer and closer to needing a definite answer.  Prevent plant is becoming a larger discussion, though many producers who still wish to capture the forthcoming mystery MFP payment are working to get seed in the ground.  With regard to crop insurance, final plant dates for corn and soybeans can be found in the...

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