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Corn

Afternoon Market Recap for Feb. 13, 2020

Traders hold out hope for soybeans, while corn and wheat futures move lower Grain prices were mixed but mostly lower Thursday. Soybeans represented the lone bright spot, carving out modest gains as the phase-one trade deal with China becomes enacted starting this weekend. Corn saw downward pressure from the prospect of bigger South American crops, […]

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Corn

Perdue to speak at Commodity Classic

Agriculture Secretary Sonny Perdue will deliver the keynote address Feb. 28 at Commodity Classic. The 2020 Commodity Classic is Feb. 27-29, 2020, in San Antonio, Texas. The General Session where Perdue will speak is 9 a.m. Feb. 28 at the Henry B. Gonzáles Convention Center. Perdue was born into a farming family in Bonaire, Georgia. […]

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Corn

China’s impact on February corn, soybean rally

With the February USDA report now out of the way, the next potential market-moving event stems around the important Feb. 15, 2020,Phase One trade deal date. It is on that date that any agricultural commodities purchased by China will “count” toward the country’s agreed purchase goals as stated in the Phase One document verbiage. Some […]

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Corn

Weekly Export Sales – Corn leads the way again

USDA’s latest grain export sales data, covering the week ending February 6, once again showed corn sales at the head of the pack, although volume came in 22% below the prior week’s tally. Soybean sales also slid 8% lower than a week ago, with wheat exports up noticeably week-over-week. Corn export sales were for 38.1 […]

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Corn

Morning Market Review for Feb. 13, 2020

Renewed concerns of Chinese economic health offset busy export markets overnight Corn down 2-3 cents Soybeans down 2-3 cents, soyoil down $0.57, soybean meal up $0.1 Wheat down 1-4 cents *Prices as of 6:55am CST. Corn: March futures traded $0.0225 lower to $3.8075 this morning as coronavirus concerns weighed on the grain market. May futures […]

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Corn

Years of data underscore value of timely planting

Impressive yields of 224 bushels per acre in replicated plots for corn planted June 3, 2019, make one point clear. Planting date isn’t the only factor that determines yield. A host of other factors, some under your control and some not, play major roles. But don’t let last year’s success in many late-planted fields lull […]

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Corn

Afternoon Market Recap for Feb. 12, 2020

Corn, soybeans and wheat all tack on moderate gains Wednesday Grain prices rebounded from small overnight losses to close moderately higher Wednesday, as trade and export optimism triggered some technical buying today. Corn and soybeans moved around 0.7% higher, with some wheat contracts climbing as much as 1%. Traders have their fingers crossed for another […]

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Corn

Mid-South Farm & Gin Show previews 2020

Farmers and others in the agriculture industry have high expectations for 2020. Following a year of extremes, from weather to international trade, there remain a number of uncertainties heading into the 2020 crop year, says Tim Price, manager of the Mid-South Farm & Gin Show. “Change and volatility have become mainstays in agriculture. In fact, […]

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Corn

Morning Market Review for Feb. 12, 2020

Grains continue lower overnight following yesterday’s losses Corn down 1 cent Soybeans down 1-2 cents, soyoil up $0.17, soybean meal down $0.8 Wheat down 1-4 cents *Prices as of 6:55am CST. Corn: March futures traded $0.0075 lower to $3.79 this morning as impacts from yesterday’s WASDE report continued to weigh on the market. May futures […]

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Corn

Soybean price trends beyond the February USDA report

Tuesday’s USDA reports were largely statistically insignificant—with one very important exception. U.S. soybean carryout declined 10.7% from last month, despite rising global supplies and no recent Chinese purchases and no apparent adjustment by USDA for Phase One. If you will recall, prior to the U.S.-China trade war, the very strong tendency was for USDA to […]