Weather concerns are easing

Weather concerns are easing 7-30-07, 9:10 am, This morning’s weather forecasts clearly offer greater moisture expectations than Friday’s forecast. Also, the favored areas appear to be the areas that have been the primary area of concern. Due

Private crop estimates to be released this week.

7-30-07, 8:42 am, FCStone is expected to release their latest US corn and soybean production estimates on Wednesday.

Sunday Night Expectations, 7-29-07

@ 5:25 pm, 7-29-07 Weather doesn't offer a threatening story. The NWS 6-10 and 8-14 day models suggest reasonable temperatures and some rain chances for most areas, including recent/current areas of concern in the northwestern Midwest. Crude oil is

Farmers React to Low Prices

7-26-07, 8:00 a.m., During the past few days I have traveled a bit and had an opportunity to talk with more producers outside of my normal circle. One thing seems to come through loud and clear--they are extremely disappointed with current corn prices

Texas Corn

I continue to hear of exceptional early corn harvest yields in southern Texas in the 150-160 bpa range.

What are the grain markets watching?

Monday, 7-23-07, 8:45 am: As price action weakens, trade rhetoric is making a shift in focus. Diminishing are the discussions of long-term ethanol demand and acreage battles, although still very much a legitimate longer-term price influencer. It is important

Wide-ranging Sentiment

Wide-ranging Sentiment, 7-19-07, 9:30 am Summer weather-infested markets always manage to produce diverse opinions, but this year's expectations seem to be exceptionally wide. Let's look at corn first. Most have now come to accept the idea that

Acreage Battle

July 18, 2007--8:45 am: As prices fall back from highs and market emotions subside, there are a few different aspects of the phrase "acreage battle" that need to be discussed and committed to memory for future use. First of all, make no mistake,

Reaction to the Reaction

7-12-07, 10:25 am, In this business it is so often more important to gauge price action in relationship to "expected report reactions" than it is to study the raw data. After nearly an hour of trading, corn and soybeans are not responding to

USDA Report Reaction

*Initial Reaction> Reactions to the report are very mixed/uncertain. However, traders are quickly shifting focus towards weather, which is uniformly seen as bullish. At face value, the report data for corn is clearly bearish and without weather would

USDA Report Estimates

2006-07 Carryout Estimates> Corn= 1.031 bil avg, range= .967-1.117, June USDA= .987, 2005-06= 1.967 Soybeans= 595 mil avg, range= 575-610, June USDA= 610, 2005-06= 449 2007-08 Carryout Estimates> Corn= 1.418 avg, range= 1.195-1.653, June USDA= 987