Market Analysis
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
Fasten your seatbelts as this week may only prove to be a precursor for what we should expect this spring and summer.
Corn stocks are tight, demand is staying strong, and competition for acreage is tough.
While not bearish on soybean prices, Kevin Van Trump says cotton and corn prices look to have more positive demand.
The basis on both corn and soybeans has widened over the past couple of months, depressing cash prices on both corn and soybeans.
Tomorrow is the big day, the Jan. 12 Crop Production and World Agricultural Supply and Demand Estimates reports. Here’s what you need to know before the reports are released.
In one stroke of the pen, in yesterday’s Grain Stocks report, USDA took care of the tight-stocks issue that has carried the market since June.