The 6 to 10 day is warmer and wetter than normal for the Heartland and this is good for maturity of the corn and bean crops and moisture is not impeding harvest, yet! We’re still a couple of weeks away from the fly free date and soft red wheat seed sales are reported to be a little higher in the …
Regroup
The NWS says warmer and wetter than normal in the Heartland in its last 6 to 10 day forecast. A very positive outlook for crop development as we may gain a little more time for this growing season. And moisture is welcome at this time! A month from now we’ll have a better handle on yields as Mother Nature is …
Down the Rabbit Hole
Soft red wheat appears to be the new golden child in grains. We’ve got Chicago 76 cents over Kansa City in the December contracts, 55 cents over in the July 2020 contract and 30 cents over in the July 2021 contract. Historically, this is unusual and we have to ask the question of whether lower protein wheat which traditionally has …
Getting Lucky?
The most recent 6 to 10 day forecast calls for generally warmer and wetter for the Heartland. Hopefully, we get an extended growing season and allow for corn and beans to mature. Get the bushels first and then get the demand! Field reports are still promising for corn in the South and Mid South and hopefully Dorian stays East and …
Hot Potato
The recent 6 to 10 day forecast for the Heartland is slightly cooler and wetter than normal. Pretty luke warm! September deliveries might weigh on prices as there’s enough of everything everywhere for the next few months. Mother Nature will determine what happens with corn and bean spreads while Chicago wheat remains the special case! After first notice day we’lllook …
Agreement Soon?
The recent 6 to 10 day forecast is calling for cooler and drier than normal in the Heartland. Could be a little supportive for corn and beans as we need more time to mature the crop this year. Deliveries are approaching and cash values suggest lots of corn and beans on the street while soft red wheat is the new …
Pattern Shift?
The NWS 6 to 10 looks very normal temperature wise and slightly wetter than normal yet the further out forecasts are shifting to cooler than normal. This might give the market a cause for pause. Crop tours are likely to be reporting into headquarters the next few days and early indications are that the crop is immature and would benefit …
USDA Uncertainty
Sonny Perdue has the USDA working through tomorrow, December 28 and probably next week yet, things may change in early January when we see the transition in the House of Representatives………………..There is uncertainty over if and when reports are issued given the government slowdown/shutdown and we will be learning as we go…………………………………..The January 11 reports are on the bubble! …
Looking Ahead
Southern hemisphere weather, Federal Reserve policy and geopolitical happenings might be the focus of the grain markets for the next month…………….The January crop reports(the Mother of All Reports) is set be released on January 11 at 11:00 Chicago time! The USDA is scheduled to release the final production figures, grain stocks as of December 1, winter wheat seeding and …
Wheat
Can wheat keep on running?……………….. Beans may be experiencing the old “Buy the rumor and sell the fact!”…………….Corn is stuck between the two…………………..Futures might rally and, spreads might widen and basis levels might be met with a lot of movement if they raise their heads as temporary storage stocks could be moving before Spring……………… We still sense that the …