USDA Reports
Jon Scheve compares tools to fix a combine with tools in a farmer’s toolbox and how to use each one.
Jon Scheve explains how people’s position in the market will influence what direction they think the market will go.
Brad Kooima of Kooima Kooima Varilek says cattle are hitting new highs for the move after a chart breakout and pushed by stronger cash last week. Grains are all strong early with soybeans making near term highs on the convergence of several fundamentals.
Jon Scheve discusses why the national yield could be above 185 and recent options trades he made to maximize his profitability as corn prices went down the past few months.
Jon Scheve discusses the highlights from last week’s USDA report and where corn and bean prices are likely to go in the next few months.
Corn and wheat ended higher for a third week, while soybeans have put in four weeks of higher closes. Alan Brugler thinks wheat might be trying to forge a low, but it might be too early to make that call on corn and soybeans.
Scott Varilek with Kooima Kooima Varilek says early cash has been steady at $181 in the South helping to push cattle futures. Row crops are extending gains post WASDE, while wheat adds weather premium.
Leading into the report, surveys showed analysts expected USDA to decrease yields. Instead, the agency bumped the national corn yield by a half a bushel.
Dave Chatterton, Strategic Farm Marketing, says soybeans fell on a combination of factors including higher yield ideas in the USDA Report.
Dave Chatterton, Strategic Farm Marketing, says soybeans saw profit taking with better than expected ratings, reigniting fears of higher yields in the September WASDE. Corn saw spillover from lower soybeans and crude oil.
Arlan Suderman, Chief Commodities Economist with StoneX, says record yields may already be priced into the market but USDA will need to verify that or corn and soybeans may retest the lows.
Arlan Suderman with StoneX talks about what he’s watching for in the WASDE and harvest results to determine if harvest lows have been forged in corn and soybeans.
Brad Kooima, Kooima Kooima Varilek, expects cash cattle and futures to recover this week if the stock market can stablilize. Soybeans rebound on China business and South American weather, but corn fails.
Jon Scheve discusses which crop is more profitable to store at home at harvest.
Garrett Toay, AgTraderTalk says grain markets scored reversals Friday on profit taking by fund traders after hitting key chart resistance. However, it was triggered by the bearish outside markets and caution ahead of the September WASDE Report.
Jerry Gulke, president of the Gulke Group, says new crop corn and soybean charts are signaling the September WASDE might be bearish and confirm the large crop size.
Garrett Toay, AgTraderTalk, says bearish outside markets spilled over to cause risk off selling in grain and livestock futures Friday, but grain markets says some profit taking and positioning ahead of the WASDE.
Jon Scheve discusses the best and worst grain marketing strategies that farmers use to sell their grain.
A Harris administration would likely continue the “climate-smart” initiatives in the Inflation Reduction Act, but a second Trump administration would put the future of sustainable aviation fuel in question and extend the use of liquid fuels.
Jon Scheve discusses the highlights of the most recent USDA report and where the price of beans and corn will go in the next few months.
Jon Scheve discusses what factors really contributed to the 2020/2021 market rally.
Jon Scheve discusses why it is important to listen to alternative points of view when marketing your grain.
Jon Scheve discusses what is impacting corn and bean prices right now and if the lows for the year have been hit.
Jon Scheve discusses where corn prices will likely go over the next 2 months.
Soybeans and Wheat Prices Follow
What does it mean for the balance sheets and future prices?
Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
USDA’s June Acreage report tends to be a major market mover. Ahead of the report, we asked economists to weigh in on where think the acreage numbers could land in the report set to be released June 28.
A lackluster WASDE report had the same effect on the markets this week. Jerry Gulke, president of the Gulke Group, doesn’t think there’s going to be a whole lot of change in acreage in USDA’s report at the end of June.
Jon Scheve discusses the May USDA report and explains why it was likely neutral for corn and a little bearish for beans.