Corn
Randy Martinson, Martinson Ag, says corn tried to move higher early Thursday but the December contract is running into chart resistance with the 20-day moving average at $4.25. Can weather help the market get above this level?
Ted Seifried, Zaner Ag Hedge, says corn and to some degree soybeans, were adding weather premium as some heat comes is predicted for much of the Corn Belt in the extended forecasts. However, talk of China business also stirred up the trade.
Vince Boddicker, Farmers Trading Company, says corn is extending gains for a third day still seeing short covering. However, the corn and soybeans markets are adding some weather premium with extended forecasts looking hotter in the 11-15 day time period.
With today’s tech-packed harvesting equipment costing up to $1 million or more, ensuring you’re not leaving kernels on the ground can help pay the bills. Hear how one farmer is outfitting his combine with aftermarket technology to drive profits higher.
So far, the problem has been confirmed in four states. Agronomists are encouraging farmers to scout crops, estimate yield impacts in affected fields and determine whether to make adjustments to marketing plans.
Chip Nellinger, Blue Reef Agri-Marketing says corn was able to build on Monday’s key reversals and close higher for a second day. However, without a weather problem what is the likelihood the market can sustain a rally?
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?