Market Analysis
Most ag markets saw price losses this week for a variety of reasons. This Market Watch from Brugler Marketing & Management looks at the major influences for the week. This analysis is not to be seen as trading advice.
Do bull markets motivate or paralyze you? Do you stay active in updating your projections or sit on the sidelines watching prices tick up?
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.
USDA’s Chief Economist says the battle for 2021 acreage is on, and it may even bid into specialty crop acres amid strong signals that China plans to continue buying corn and soybeans.
“The trade really wanted to see USDA get more aggressive on increasing corn export demand, especially after all the sales we had seen to China about two weeks ago,”
There is no “bailout” in commodity markets — just risk. It makes me crazy when someone says, “The bulls were bailed out by Chinese buying.” Or, “The bears got bailed out by those rains.”
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Monday, December 14.