BASIC & RECENT MARKET INFO

A trend direction can be bullish or up, bearish or down, or sideways. Also, longer trends have more power and contain smaller trends. Primary trend lasts about a year or more, secondary trend takes a month to several months, and a minor trend goes for days to weeks. Take a look at this 2025 corn chart illustration: However, it is easier to say what the trend was rather than to decide what phase it is now or when it is likely to change. Our friend Allen Gard with Clear Focus H

We've prepared general marketing recommendations for U.S. farmers which are absolutely necessary to know and practice. How to get better at marketing? Everyone’s marketing skills are different. You must learn and improve yours. Start by learning the marketing lingo and practice. Find a friend to talk about markets until the lingo becomes comfortable in conversation. Consider working with an adviser or service that will help you learn. Let’s cover basic marketing techniques be

Tidbits Ukrainian President Zelensky and U.S. President Trump expressed hope that their White House summit yesterday with European leaders could eventually result in trilateral talks with President Putin over ending Russia’s war on Ukraine. Meanwhile, the war continues with no end in sight. Flash sale: Yesterday morning, the USDA announced the sale of 124,000 mts of new crop corn to unknown. Pesticides:  The Make America Healthy Again Commission expects to recommend no action

Q: What are indications the soybean basis will firm? Basis will firm as demand increases and/or available supply decreases. What are the...

A German Lesson In the days before paper currency, there were very few money supply problems. As populations grew and society shifted...

Jon Scheve with weekly market commentary made on September 6, 2024 With harvest nearly in full swing across the US, many farmers are...

Marketing year change The wheat, oats and barley marketing years begin June 1. The canola and flaxseed marketing years begin July 1. The...

Jon Scheve with weekly market commentary made on March 22, 2024 Export sales on beans have been on pace to almost reach the USDA...

Tidbits President Putin re-elected President of Russia yesterday with 87.3% of the vote.     The European Union announced yesterday a 7.4 billion euro ($8 billion) aid package for Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores. The aid package includes both grants and loans over the next three years. Marketing Tools You Need to Use: HTA Hedge to Arrive Contracts:  HTA contracts lock-in the fut

Friend or Foe: Marketing Example A farmer produced 200,000 bu of corn in 2023. Then he delivered 100,000 bushels of cash corn in September, he sold it on Sept 29th at $5.07, with a +30¢ basis.   He transferred $35,000 of his new crop corn income to his futures account.   Bought 100,000 bushels of December 2023 corn futures at $4.77 on the open (opening of trading day) on Oct. 2nd.    On October 19th, Dec corn traded above $5.00 for the first time in two months. With $5.00 bei

Nick and I (Eugene) began learning about the commodities market two years ago with Roger’s and Olga's help. Previously, we had some...

Jon Scheve with weekly market commentary made on November 24, 2023 Many traders take time off the week of Thanksgiving, which can...

Jon Scheve with weekly market commentary made on November 17, 2023 Brazil’s weather caused some excitement in the bean market this...

Originally written by Roger Wright for FarmProgress.com in September 2021 Here is why you need to be a basis seller and a futures seller,...

Jon Scheve with weekly market commentary made on October 20, 2023 Throughout October so far, the corn market has closed within a tight 25...

Jon Scheve with weekly market commentary made on September 8, 2023 Dry weather is contributing to declining water levels on the...

A bull market is a market with prices in a distinct uptrend. A bear market is an opposite. Two types of bull markets: supply and demand

Jon Scheve with weekly market commentary made on March, 24, 2023 For the week May corn finished up 9 cents while May beans were down 48...

Why Is There Such A Price Difference Between KC Wheat and Chicago Wheat Futures? 2 March 2023 When I go to the CME website, I have...

Olga has Master’s Degree in Mechanical Engineering and she was smart enough to marry me, so she is not a person of low intelligence....