Corn
Kent Beadle, Paradigm Futures, says corn and soybeans are seeing some pressure from weather and Monday’s strong crop ratings. Cattle recover with their discount to cash.
This year’s program features all new agronomic content to help farmers grow and harvest high-yielding crops. Two of the key sessions: selecting a corn planter that’s right for your farm, and developing a systems approach to success with early-season soybeans. We look forward to seeing you there!
Obsessing over rain, or the lack of it, is a skill every farmer has mastered. Here are 20 phrases you’ve likely muttered more than once.
Brad Kooima of Kooima Kooima Varilek says cattle futures are seeing some routine profit taking after hitting all-time and record highs again on Friday. Corn is seeing short covering off fresh contract lows but can it hold any gains?
Dave Chatterton, with Strategic Farm Marketing, says old and new crop corn both made new contract lows as the market faded the friendly ending stocks numbers in the July WASDE. He says the market was looking ahead with ideas of higher yields in future reports.
Jerry Gulke, president of the Gulke Group, says grains posted lower weekly closes as the markets were pressured by ideal weather and ideas of higher yields.
Corn markets faded lower old and new crop ending stocks from USDA in the July WASDE.
Live and feeder cattle futures opened lower on Friday but quickly turned higher with strong cash news according to Scott Varilek, Kooima Kooima Varilek. Grains see pressure from weather and the risk off outside market influences tied to the proposed tariff increases on Canada to 35% by Aug. 1
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DuWayne Bosse of Bolt Marketing says the bounce in the grain markets was mostly short covering heading into Friday’s WASDE Report. However, the market may not trade the report numbers long before it turns it attention back to weather.
Mark Knight with Farmer’s Keeper Financial says corn opened lower but was trying to recover early on short covering, but also following the strength in the wheat market. Soybeans fell further on tariff concerns.
Chuck Shelby with Risk Management Commodities says corn finally saw a light short covering bounce after making new contract lows again early Wednesday in both old and new crop contacts.
Farmers and aerial applicators tell Randy Dowdy and David Hula some of the key considerations for effective fungicide applications are timing, droplet size and product reach in the crop canopy.
Darin Newsom, Senior Market Analyst with Barchart, Inc. says grains continue to see non-commercial selling as the markets are becoming more comfortable about ample supplies. However, one factor not being talked about is demand is starting to fall.
As big yield estimates are being thrown around so early, it’s stoking an intense debate. However, that’s not stopping the trade chatter. With talk of a new national corn yield record, it’s pressuring prices, with many farmers staring at cash corn with a $3 handle.
Unlike most leaf diseases, tar spot starts impacting the crop at the bottom of plants. That means fungicides you apply must penetrate and get deep into the crop canopy to provide effective treatment. If you opt to not treat the disease, consider making plans to harvest early and pre-booking some dryer gas.
Frayne Olson, NDSU Extension Crops Economist, says weather and improved crop ratings and benign weather are weighing on the corn and soybean markets. However, tariff uncertainty is also negative for prices.
Arlan Suderman, Chief Commodities Economist with StoneX, says funds sold aggressively and erased almost all of last weeks gains, as they came back from the holiday and saw no threat in the weather forecast.
While USDA’s crop condition ratings don’t translate to a specific yield, with strong conditions, analysts say it’s possible the U.S. will see a national record corn yield this year. Current market chatter is a national corn yield anywhere from 185 bu. to 200 bu. per acre.
Brad Kooima, Kooima Kooima Varilek, says cattle futuresare showing resilience early Monday due to better than expected cash trade. However, grains are seeing heavy selling pressure.
Jerry Gulke, president of the Gulke Group, says the grain markets turned this week, not on trade news, but rather on less talked about factors.
Mark Schultz, Northstar Commodity, says corn and soybeans saw follow through technical buying and short covering heading into a three day holiday but were also trading hopes for a positive trade announcement on China from President Trump.
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Scott Varilek of Kooima Kooima Varilek says cattle futures are trading higher building on Wednesday’s big reversal which was initially triggered by trade news but then better than expected cash trade added to the rally. Grains are also higher on hopes of an announced deal with China.
That percentage doesn’t tell the complete story, however. While farmers in the West and southeast Texas have endured weeks of dry conditions that’s not been the case in the central Corn Belt where growing conditions have been excellent.
Oliver Sloup, Blue Line Futures, says it was a combination of short covering and technical buying heading into a long holiday weekend but the announcement of a trade deal with Vietnam also provided a spark.
Scott Beck says the family-owned business markets seed corn in 23 states now, with Nebraska ranking fifth in the total volume of seed units sold. Once finalized, this latest acquisition will be the company’s furthest west production facility.
Allison Thompson withThe Money Farm says some of recovery in corn is a technical bounce off of new contract lows in both old and new crop contracts on Tuesday. She thinks the corn market has also been getting ahead of itself and is too bearish on yield.
John Heinberg, Total Farm Marketing, says corn made new contract lows again as funds continue to sell with no major weather threat to the crop and improved crop ratings. But how low will prices go?
A quick Q&A with CEO Lukas Koch unveils an intriguing new program that hopes to layer disparate ag tech offerings into a systems approach that can drive return-on-investment at the field level.