Markets - General
Two Midwest growers say increased competition between corn and soybeans for acres could help rebalance supplies and provide a financial boost.
Here’s an illustration of price discovery for soybeans that serves as a prime example of the efficiency of our price discovery system, as seen in the past 25 years of market history.
Corn futures scored a bearish lower weekly close for a second week and are now around 30 cents off the highs the market hit during the Iran war.
Corn falls to 95.3M acres (-3%) while soybeans rise to 84.7M (+4%). Wheat hits a record low 43.8M acres (-3%) and cotton climbs to 9.64M (+4%).
At Commodity Classic, analysts say a slower rollout of EPA’s pending RVO decision, or even delayed clarity, could leave spring planting decisions hanging in the balance.
Jerry Gulke, president of the Gulke Group, says many are skeptical, based on past experience, that China will honor the deal to buy the additional soybeans for this marketing year.
Many will attribute last week’s corn market rally to the cold weather and slowing grain movement from truck to barge. However, Jerry Gulke says the corn market has technically looked good for a while.
A new multi-year AI partnership between Syngenta and SAP SE aims to modernize supply chains and speed up product development to help farmers better navigate production and market volatility.
Jerry Gulke, president of The Gulke Group, says the report provided some valuable lessons about marketing.