Markets - General
The July WASDE report from USDA shows while soybean production this year is expected to fall due to fewer soybean acres planted across the U.S., USDA is also forecasting a drop in exports.
Soybean acres are estimated at 88.3 million, up 1% from last year. This is down from March’s estimate of 90.955 million and below the pre-report trade average of 90.446 million.
This article discusses the strategy behind recent trades I did in an inverse market.
Have you been proactive in pricing this year’s expected corn crop?
Multi-year grain sales are intimidating. But a big-picture focus can pay dividends in grain marketing, says Chris Barron with Ag View Solutions.
USDA’s Reports Confirm Crop Balance Sheets Keep Getting Tighter, So Why Are Grain Prices Plummeting?
USDA’s acreage report showed a surprising cut in soybean acres and corn acres under 90 million. Despite what was viewed as a bullish report, the grain markets were in major sell-off mode Thursday and Friday.
Strong basis bids are sparking questions about the reality of corn supplies and issues in getting grain to areas of the country that need it. Analysts are watching USDA’s Grain Stocks report this week for answers.
This article discusses what is impacting the market right now and how prices are being affected.
After Thursday’s massive sell-off in the commodities, corn and soybeans reversed a portion of those losses Friday. Wheat and cotton couldn’t find the same traction, both trading lower again on Friday.
Last week, hot and dry weather fueled commodity markets. This week, the change in the weather forecast, as well as growing concerns about a recession, spurred market speculators to sell.