Analyst: Every Penny Counts, Seize Corn Market Opportunities

May 29, 2018 06:14 AM
 
 

December corn futures are firmly above the $4 mark, something that might not have seemed possible to some producers one year ago.

“Certainly things look to be cautiously optimistic—it’s relatively easy to be friendly on a fundamental standpoint,” said Jarod Creed, owner of JC Marketing Services, LLC. “I like to think most guys are off to a better start this year than they were last year.”

Summer deferred contracts are hovering around the $4.30 per bushel mark to $4.40, and this is an opportunity Creed said is something that shouldn’t be passed.

“Keep your toes in the water—every penny matters,” he said.

Hear Creed’s perception on farmer attitudes this planting season and his full analysis on AgDay above.

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Comments

 
Spell Check

Mark C. Daggy
Humboldt, IA
5/30/2018 06:47 AM
 

  Such BS coming from grain traders and marketers. If farmers just shut off 100% of all grain sales....forcing the real market to take control....prices would spike. There would be few bad effects on individual farmers....as 99% of hogs, chickens, eggs and turkeys are owned by the corporate packers....making farmers nothing more than hired men. With fuel prices trending higher....the non-farmer owned ethanol plants, just have to pay more for their inputs. Americans, on the average pay 6.4% of their incomes for food. The masses, living in the population centers, demand cheap food and cheap fuel to afford them their leisurely lifestyle of pleasure. Trying to figure out how we return to 3% owners, 7% managers and 90% day labor in America.

 
 
Mark C. Daggy
Humboldt, IA
5/30/2018 07:17 AM
 

  The long term solution to great grain prices....is to control access and limit production of those grains. In the lettuce industry, farmers sell enough of their crops, three years in advance to make a nice profit. Until grain farmers begin to sell their grain 3 to 4 years in advance.... to make a nice profit and do not raise anymore than is pre-sold, grain buyers will beat the prices down. What farmer would knowingly plant corn and soybeans for the current prices, if he could have pre-sold less grain for $2 to $3 higher per bushel 3 years ago? Farmers need to stop pushing the land, actually mining the ground to survive, and spend much more time marketing and much less time producing. Those who own the 99% of hogs, chickens, eggs and turkeys, who did not pre-buy grain 3 years in advance would not have feed available to feed their millions of animals.

 
 

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