#grainsgonewild: Price Rally Triggers Online Celebration

July 1, 2015 10:50 AM
 
#grainsgonewild: Price Rally Triggers Online Celebration

Want to relive Tuesday's market rally? So do we. Here's a collection of memorable tweets on the reaction to USDA's June 30 Acreage and Grain Stocks reports.

As always, farmers and the trade were watching the clock tick down to the 12 p.m. Eastern release.

The news about smaller than expected acres and grain stocks for corn and soybeans got everyone's attention.

Prices moved quickly.

After market lows for corn in June and soybeans in May, it was time to celebrate.

Everyone--and we do mean everyone--was watching the market and its movements.

Trading volumes reached record-high levels.

The rally provided an respite from all the challenging economic forecasts for agriculture.

Some growers are now rethinking their planting--or replanting--plans.

Of course, there's a downside to that particular upside.

Now if we could just do something about all that water...

What did you think of Tuesday's USDA reports and the market's reaction? Leave your comments below.

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Comments

 
Spell Check

steve
Aberdeen, SD
7/1/2015 10:51 PM
 

  I agree with Jay... it's going to take a sustained uptrend in the markets and a huge improvement in basis to get anyone around here excited about grain prices. A market rally doesn't do much for us when the local elevators adjust their basis. The profit, if there is any, just goes to the grain handlers, transporters and processors. My two cents... Don't bite the hand which feeds you.

 
 
porter farm
peru, IA
7/1/2015 07:04 PM
 

  Are you kidding me! $.50 in beans and $.30 in corn solves all your problems? If thats the case then what was all the handringing and bitching about? You're going to need a lot more than that to pay for $3oo seed, $7oo anhydrous and half million dollar tractors and combines!

 
 
Jay
Aberdeen, SD
7/1/2015 09:50 PM
 

  These people are speculator that are writing these comments. The people that are buying and selling on paper. If they had a crop in the field and knew the input costs, they would know that this rally doesn't mean a whole lot.

 
 

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