Corn
Arlan Suderman, chief commodities economist with StoneX, Inc., says soybeans led the rally with nearly 24-cent gains in November on hopes for China export business. But the market may have gotten ahead of itself.
Short-stature corn is often planted at higher populations because its architecture allows for better light interception and more efficient use of resources when plants are grown closer together. But that’s not always the case, according to Ken Ferrie, Farm Journal Field Agronomist.
Brad Kooima of Kooima Kooima Varilek says there were signs in the cattle market prior to Friday’s sell-off indicating the market might be getting toppy. However, does the market negate the reversals like it has in the past?
Joe Glauber, senior research fellow with the International Food Policy Research Institute, says the trade imbalance may not be as concerning as it looks on the surface.
Grain markets failed to extend Thursday’s gains after hitting chart resistance and fear of record yields in the Aug. 12 WASDE. However, Shawn Hackett of Hackett Financial Advisors, says the market may have already priced in the biggest yields.
New crop corn closed lower for the week and made new contract lows but there was at least one silver lining in the technical action according to Jerry Gulke, president of The Gulke Group.
Camaraderie is cathartic. It lifts spirits, gives encouragement and reminds all of us we are valuable. Check out what farmers have to say about this year’s corn crop – the good, the bad and the in-between – and may their experiences lighten your load in the process.
Scott Varilek, Kooima Kooima Varilek, says cattle saw some early profit taking pressure after contract and record highs again Thursday. However, the cattle futures have been resilient and every break seems to get bought, which is a good sign of a bull market.
Randy Martinson, Martinson Ag, says grains markets all closed higher on Thursday as they were oversold and due for a corrective bounce.
A crop-protection startup is using AI and machine learning to identify and develop new active ingredients it says will help farmers solve issues like weed resistance faster and more economically.