Market Analysis
The corn and wheat markets saw a weaker trade for the week as May corn closed nearly $.30 lower, while the wheat market slipped $.15 lower.
Corn prices jumped Friday on rumors that China had taken advantage of a recent price break to secure U.S. corn.
December 12 Corn closed .38 ¾ lower for the week with little explanation.
As harvest is winding down, it is important to have a plan in place to take advantage of any post-harvest rally conditions.
2019 proved no matter what obstacles Mother Nature throws at farmers, a bountiful crop is possible. Analysts say that could make it difficult for the market to produce a weather rally in the future.
Staying ahead of these turbulent marketing times is not easy, but volatility equals the chance of great profits.
This has the winter wheat crop off to a solid start.
Traders were expecting bullish numbers from Tuesday’s World Agricultural Supply and Demand Estimates (WASDE), but the projections were even friendlier than anticipated.
Sue Martin, president and owner of Ag and Investment Services, Inc., has been watching futures prices on corn. She is noticing a pattern that has happened since 1969 that has proven favorable for farmers 18 out of 19 years.
