Monday’s USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA’s move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but… Read More
Author: Marketteam
There are several ways to manage through market doldrums, including trying to yield your way to profit, cutting back on input costs, or keeping an extra close eye on every market move to capitalize on brief rallies. Neil Townsend, market analyst with GrainFox, suggests one more way to navigate the current grain market trends: get… Read More
A corn price bump in the last week might be the exception not the norm for the next few weeks, and Steve Nicholson, global sector strategist, grains and oilseeds, for Rabobank, says farmers should reward the market with some sales and then move on. With a few notable exceptions, the 2024 corn, soy, canola, and… Read More
When everyone does their job in agriculture, commodity prices go down. It’s how a market works: low supply means higher prices, and with higher prices demand is rationed until prices fall back down. If there was a You Are Here sign for markets, this is it. When agriculture is doing its job, says Jody Lawrence,… Read More
It was a busy holiday week for BBQs both in Canada and the United States. The holidays, combined with a plant closure in Kansas, all amount to less beef being processed this week. While there wasn’t a report from USDA on Thursday, markets closed Wednesday night with choice cutout at six and a half dollars… Read More
For those following the grain markets, how do you tease out seasonal lows or ticks lower versus bigger issues dragging on prices? It’s not an easy distinction to make, says Chuck Penner, founder of Leftfield Commodity Research. This time of year, as the calendar flips to summer and the crop potential gets measured week by… Read More
The wheat market isn’t usually the exciting one to watch, but as Ranulf Granville, chief market analyst with Grainfox, says over the last six to eight weeks there’s a lot of company that has started to gather on the bullish side making for some excitement. But is wheat really in that much better a fundamental… Read More
It’s like lemon juice on a paper cut for those in the far south of Ontario who haven’t got an acre of corn in the ground yet, but the initial look at the emerged corn crop in the U.S. is looking mighty fine. Ranulf Glanville, chief market analyst with GrainFox, says that this early good… Read More
Wheat markets have rallied this spring, creating some selling opportunities for both old and new crop amidst the busyness of seeding and planting. In this episode of RealAg Markets, host Shaun Haney sits down with Jim McCormick of AgMarket.net to delve into the complexities of the global commodity markets, focusing on wheat and soybean dynamics… Read More
Farmers waiting for a market rally and continued uptick in crop prices could be waiting a very long time. Instead, Brian Voth, founder of IntelliFarm, draws parallels between the current NBA playoffs and grain markets: grab the bounce and don’t miss the free throw, because that’s about as good as it’s going to get. In… Read More