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Market Moment

Grains results for All Months from All Years

Prospective Plantings....All the Guesswork

Published on Monday, March 25, 2019

As the market prepares for the coming Prospective Plantings report on Friday, there is much discussion about which crop (corn or soybeans) will carry the greatest weight in gaining ground.  Looking back at last fall's numbers, (see table below) the USDA projected 92 million acres of corn and 82.5 million acres of soybeans.  They also projected 3.2 million acre increase in wheat to a comb...

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Don't Forget about South America

Published on Monday, March 18, 2019

In the most recent WASDE report, the USDA confirmed ongoing success in the South American crop, despite January concerns of drought. For quite some time, there was discussion about eroding production levels and declining inventories.  That does not seem to be the case any longer.  While the USDA did make mild reductions to the forecast, the top five producing countries gave up only 1.3 M...

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Got Funds?

Published on Monday, March 11, 2019

The American dairy industry got a lot of mileage out of celebrities posing with a white milk mustache while holding a glass of milk.  The caption to the photo always read "Got Milk?"  As we all know, we perform better with milk in our diet.  In the same way, commodity markets perform better with greater depth.  Market depth, measured both in the number of participants as well a...

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In Like a Lion, Out Like a Lamb?

Published on Monday, March 4, 2019

February weather was been relentless.  In many areas across the upper United States, February 2019 will be etched in the record books in regards to both low temperatures and snowfall amounts.  Simply put, I am over winter and I don't believe I am alone in that statement.        The markets did little to help sooth our cold and weary souls.  F...

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Ethanol...Grinding it Out

Published on Monday, February 25, 2019

As the USDA came back from an extended Christmas break hiatus, several reports have slowly been working their way into public hands.  Updated (and long overdue) numbers helped to give us a glimpse of developing trends in the last couple of months.  With regard to the WASDE report, one (perhaps the greatest) point of interest was yield.  The USDA lowered corn yields by 2.5 bushels an...

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