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Market Moment

Grains results for All Months from All Years

A little behind?

Published on Monday, May 20, 2019

My grandfather used to tell the story of the butcher who backed into the meat grinder....he got a little behind in his work.  That doesn't even come close to identifying the US planting situation currently afoot.  Continued rain and equally wet forecasts have not only delayed planting, but caused it to rank as the slowest start to the US corn planting season since reporting of such progr...

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Brighter Forecasts on the Horizon

Published on Monday, May 13, 2019

It has become impossible not to acknowledge the chasm that currently exists within the grain complex.  On one side you have the funds, holding record and near record short positions across the entire grain complex.  Fueled by weakening demand, an ongoing trade war, and burdensome supplies, funds have currently held the upper hand in our market.  On the other side you have an ongoing...

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A Wet Blanket on Market Momentum

Published on Monday, May 6, 2019

Coming out of last week's trade, corn markets were building momentum as forecasts remain wet and planting progress was stifled.  A quick look at today's planting progress report would have further supported that upward price direction.  A full view of the report can be found below: To date, corn is only 23% planted relative to a 5 year average of 46%.  Soybeans stand at 6% planted,...

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Crop Progress - Following 2018

Published on Monday, April 29, 2019

As we move into the first of four critical weeks of planting, Corn planting advanced to 15% in lock-step with 2018.  See chart below. A full view of results can be found in the following table. What becomes quickly apparent is that while we are patterning the 2018 planting pace, we are still 12% behind the five year average.  Weather conditions point towards a wetter cooler pattern in ...

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Planting.  Progress?

Published on Monday, April 22, 2019

Beginning in April of each year, the National Ag Statistics Service (NASS) publishes a weekly report known as Crop Progress.  While the methodology for the report is sometimes contested by onlookers, it is a consistent benchmark that helps us compare one crop year to other years.  And by the numbers, the report published this afternoon suggests that planting across the United States...

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