Grain Markets
With $8 cash soybean bids in the Dakotas and Minnesota, and no bids for fall in a few markets, farmers might need to break the norm and store soybeans.
Weighing on Scott Irwin’s mind is whether U.S. grain growers need to get some downside price protection for 2025 crops.
Financial analyst says the next 48 days might be a good time to just ‘lay low and take a little off the table.’
Jerry Gulke debunks common excuses for not using options and futures.
Oliver Sloup, Co-Founder of Blue Line Futures shares his take on today’s price action in the outside markets and how that could spill into some setups in grain and livestock prices.
Corn, soybeans, and wheat are all higher to start the week. Will the rally be able to not only hold, but extend towards the next big resistance levels?
How Much Lower Will Prices Fall?
Rain Chances in Eastern Corn Belt Bearish
Funds Also Pressure Grains on Favorable Weather
North Trades Record $200 Cash Cattle
Cattle Higher Despite Lack of Cash Trade
Correcting Oversold Status
Funds Continue to Sell Without a Weather Threat
Most of the Bearish News is Priced In
Soybeans and Wheat Rally, Corn Ends Off Three Year Lows
If a bin of unpriced corn is your biggest mistake, know you aren’t the first and won’t be the last farmer who missed a pricing opportunity. Embrace the outcome and set your sights on making 2024 your best year yet.
Some fields have a spot that consistently does not produce, but don’t ignore those acres. If 156 acres average 200 bu. per acre, but 4 acres average 20 bu., the yield on the 160-acre field drops to 195.5 bu. per acre.
In early January, Illinois crop budgets were revised for 2024. Farmers are predicted to lose $135 to $160 per acre for corn and $20 to $107 per acre for soybeans. What’s a farmer to do when news is a punch in the gut?
Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that.
Soybean demand makes the market more receptive to a postharvest rally if production trends lower into January. Corn exports are behind last year’s pace, and importers are turning to Brazil’s corn.
The 64.5-million-bushel sale was split 41.3 million bushels for this marketing year and 24.1 million bushels for 2024-25. It’s the 11th largest daily export sale on record and the third largest sale of corn to Mexico.
As the two leaders of the ProFarmer Crop Tour converge, the eastern route and western route tell two very different stories—Chip Flory and Brian Grete are watching the markets with new perspective on crop conditions.
AgriTalk host Chip Flory will have full analysis of the Pro Farmer National Yield Estimates live at 2 p.m. CDT.
Whether you have a low-cost operation, a highly leveraged operation or are somewhere in between, it’s a good idea to run an ROI analysis to understand just how good or bad marketing opportunities are at any time.