All the friendly microeconomics in the grain world might not overcome the bearish macroeconomic forces especially as we come to grips with over expanding money supply this past decade instituted via the policy of quantitative easing and not just in the United States………………………….The credit card bill is due and the Chinese might not be able to finance more deficit spending …
AG TIME – What’s the Difference
I have been traveling since last Wednesday, therefore no blog posts. I was fortunate enough to have been in Des Moines, Omaha, and Lincoln. All three exceptional cities populated with nice people. The weather was excellent, the Nebraska game equally as excellent. Thanks to everyone for the hospitality. It is my thought that the opportunities that present themselves now, more …
Hovering Through Harvest
Corn, wheat and beans are hovering near the lows set this past decade and it appears that there is a reluctance to press the market even though corn and bean carryover projections are very comfortable, if not excessive!…………………………………….Respect might be given to the stage of crop development in the southern hemisphere and new lows for the move might be set …
Big Harvest Weekend
Bean basis levels slipping still suggests the abundance of the 2018/2019 crop and spreads might stay on the defensive with first notice day against the November contract approaching……….Also, harvest is approaching the final 40% and space issues might keep the market from sustaining any strength………………………………………Not a lot of fresh bull news to entice end users to step up and take …
Harvest Grind
It’s that time of the crop year and harvest when we start seeing just how much off farm storage space really exists……………………………..The race is still on to find a home for corn and beans and it just has to play out as its pretty difficult to hide a couple of hundred million bushels when all the bins are full………………………..Yet, after …
LC up, Stocks fall steady, Wheat Lights UP
Seriously to much to cover but here goes. Stocks have real sellers since that Fang public super loaded long article last week that I thought screamed sell stocks. It did. Now risk exponentially higher. Do money guys try to crash before election? Much risk in stocks last 10 days. This has real selling as displayed late today at steady on …
Last Half of Harvest
Wet weather is back in the forecast as the NWS is stating that we’ll get a little wetter than normal in its most recent 6 to 10 day projection……………………………….Producers might take this into consideration and hustle night and day and we may see the USDA place harvest completion over the hump at 55% for corn and beans on the Monday …
AG TIME
The soy was down after yesterdays rally. A few things to consider. The weather is improving. The week into next should show improved harvest. This time next week we could be beyond 50 percent . It is my thought that the market just gave the producer a approx $1.00per bu rally right in harvest with a record carry. In addition …
AG TIME – Rallies Equal Opportunity
The hits just keep on coming. The markets put on a big up day. There are many reasons I could site. The weather has been a bit of a concern. This now has moderated and is looking for vast improvement. The harvest should play catch up over the next seven to ten days. It is a normal year when the …
Oats as an Indicator
The National Weather Service in its 6 to 10 and 8 to 14 day forecasts suggest that the Heartland will be a little drier than normal which is good news for harvest activity to resume and allow producers to catch up after delays caused by rains and snows the past two weeks…………………………………………Trade talk is that the USDA might place corn …