Jerry Gulke says he’d like to see another higher weekly close next week to help confirm the bottom is in the soybean market as well as a close above $12. A higher monthly close would be even more convincing.
Grain markets had a strong start to the week but have so far failed to find any follow-through momentum as traders' position ahead of March options expiration on Friday.
For hedgers, such as Jon Scheve, a farmer who produces the commodity with a futures sale, margin calls are not bad. Here's how to use margin calls for risk management and to increase profits.
Jon Scheve likes to have full control of his grain sales. The minor cost to carry his own hedge account is almost always offset with better basis values and improved negotiating power.
Jon Scheve discusses how likely corn will rally and walks through 5 considerations when deciding between storing corn or soybeans at harvest if storage is limited.
Jon Scheve discusses the likelihood of USDA changing the average corn yield in Friday's WASDE report based on crop condition observations, the drought monitor, high-tech tools and social media.
Jon Scheve explains why the recent corn rally is impacted more by the war in Ukraine than weather. Plus, a recent trade example using puts to put in a floor price with unlimited upside potential in corn.
