USDA Reports
Jon Scheve discusses the variables that will impact the corn market over the next few months.
Kent Beadle with Paradigm Futures says all but old crop corn saw more pressure with the risk off attitude regarding tariffs and with acreage estimates being released. Meanwhile, weather propelled cattle to fresh highs.
Rich Nelson of Allendale says grains started lower and are quietly mixed awaiting tariff news and the big USDA reports at the end of the month. Allendale’s annual acreage survey confirms higher corn acres at the expense of soybeans.
Jon Scheve discusses currently market variables impacting commodity prices right now.
John Heinberg with Total Farm Marketing says grain and livestock both saw risk off selling tied to trade uncertainty, bearish outside markets and recessionary fears.
Jon Scheve shows historical data that illustrates December corn’s high rarely happens in February, and usually happens in late spring or early summer.
In eight trading sessions, the corn market has lost nearly 50 cents per bushel. Jon Scheve discusses how likely corn will rally in the next few months.
After several weeks of being bullish on corn, Jerry Gulke, president of the Gulke Group, bought protection against downside risk in the market. What changed his mind? It was signs he saw even before USDA released it’s corn acreage at the Ag Outlook Forum.
Brad Kooima, Kooima Kooima Varilek, says grains are weak on more tariff talk. Cattle opened strong with the slightly friendly numbers in the Cattle on Feed Reported Report and a possible cash bottom forming.
Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fell heading into the weekend on profit taking and technical selling, plus lower crude oil and a higher dollar.