Grain Markets
The grain markets continue their steady march upward. March corn prices were up 34.25¢ and March soybean prices were up 41.75¢ for the week.
A string of new crop soybean export sales is a welcome as year-to-date sales are running woefully behind last year and the five year average.
As the saying goes, a bear only needs to eat once a year and the bull needs to eat every day. This week, grain prices drifted lower.
How will you respond to today’s profit opportunities? First, understand how the changes in market prices impact your operation.
The big market moves this week show just how tight the supply situation is for commodities, says Jerry Gulke, president of the Gulke Group.
The dramatic development of the U.S. renewable diesel industry is similar to how ethanol changed the U.S. corn industry. But it could be more even disruptive.
Corn and soybeans are in a full-blown weather rally. After a sharply higher week, what should farmers watch for to decide when to market their crops?
According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.
The Black Sea Grain Initiative has been extended again for 60 days. What does it mean for the grain markets?
EPA has announced it will issue an emergency waiver to allow E15 use this summer. The temporary waivers will be issued every 20 days and exempt the 15% ethanol fuel blend from volatility requirements.
How will big South American production impact U.S. producers who are preparing to plant a crop this spring?
Cash Basis Levels for Corn and Beans at 20-Year Highs: What Is Driving It and How Long Will It Last?
Cash basis levels for corn and soybeans at 20-year highs as a result of transportation issues tied to winter storm Elliott, but it’s also due to tight supplies.
The current trend is a friend to farmers, as the markets ended the day green almost across the board. Gulke Group’s Jamie Wasemiller breaks down the positive outlook and provides insights to post-Christmas trade.
In drought areas of the western and southern Corn Belt, cash basis is on fire, which has created strong prices for farmers at harvest due to the short crop. It’s a stark contrast to the east.
Grains up on technical bounce and help from outside markets, strong soybean exports. LC made new highs for the move on higher cash and cutouts. Michelle Rook talks to John Heinberg of Total Farm Marketing.
Pro Farmer estimates the U.S. corn crop at 13.759 billion bushels, with an average yield of 168.1 bu. per acre, and the U.S. soybean crop at 4.535 billion bushels, with an average yield of 51.7 bu. per acre.
From rate hikes to global recession fears to pathetic exports, many issues softened the grain markets this week. Gulke Group’s Jamie Wasemiller shares his analysis.
Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said.
January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.
Corn Planted Acreage Up Less than 1 Percent from 2020 Soybean Acreage Up 5 Percent All Wheat Acreage Up 5 Percent All Cotton Acreage Down Less than 1 Percent
Corn Stocks Down 3 Percent from March 2020 Soybean Stocks Down 31 Percent All Wheat Stocks Down 7 Percent
January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.
There are high odds the harvest lows for grain prices were made in July, yet the seasonals suggest otherwise.
With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.
Have you called your grain buyers lately? If you haven’t, now is the time. Basis levels are high in many parts of farm country.
Soybeans will be bidding for U.S. acres in the next three years (and longer) to feed crush expansion.
The “free” storage being advertised by grain buyers can also be called price later opportunities, delayed pricing or DP.
Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.
Make basis analysis the foundation of pricing decisions.
Pro Farmer’s National Estimates reflect Pro Farmer’s view on production and yields. The estimates will be released at 1:30 p.m. CT in a special live event.