Market Commentary for 12/31/21
Soybean Outlook One year ago, the March ’21 soybean board was trading around $13, with projected US carryout at 175 million bushels. Now...
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Jon Scheve
- Dec 25, 2021
- 4 min
Market Commentary for 12/24/21
This week beans rallied on fund buying due in part to weather concerns in South America. After the 3-day holiday weekend, price direction...
Jon Scheve
- Dec 20, 2021
- 1 min
Market Commentary for 12/17/21
Bean Outlook This week beans pushed to their highest level in two and half months. Many farmers were ready to make a sale as beans...
Jon Scheve
- Dec 14, 2021
- 2 min
Market Commentary for 12/10/21
The December USDA report is arguably the least important of the 15 reports released each year for corn and beans because there are rarely...
Jon Scheve
- Dec 6, 2021
- 3 min
Market Commentary for 12/3/21
Usually, the corn market is in a carry this time of year, meaning futures values are higher in later months versus current months. When...
Jon Scheve
- Nov 29, 2021
- 4 min
Market Commentary for 11/26/21
This week the markets dropped due to concerns over the new covid variant throughout the world. Wheat, beans, crude oil, and the stock...
Jon Scheve
- Nov 22, 2021
- 2 min
Market Commentary for 11/19/21
Wheat Update Historically, wheat has had an impact on corn prices. However, for the past several years it has been somewhat overshadowed...
Jon Scheve
- Nov 8, 2021
- 2 min
Market Commentary for 11/5/21
Bean Outlook On Tuesday January beans closed at their highest value since the October USDA report. Then the market dropped 50 cents in...
Jon Scheve
- Nov 1, 2021
- 3 min
Market Commentary for 10/29/21
Corn broke out of its recent trading range of 5.05-5.40 this week to close at 5.68. There are a lot of variables impacting the market...
Jon Scheve
- Oct 26, 2021
- 4 min
Market Commentary for 10/25/21
Wheat prices continue to rally higher and seem to be helping pull corn prices back to the upper end of its 8-week trading range just...
Jon Scheve
- Oct 18, 2021
- 1 min
Market Commentary for 10/15/21
Corn Outlook Corn rebounded off the lows this week, but still it remains in the tight trading range of $5.10-$5.40 it has been trading in...
Jon Scheve
- Oct 11, 2021
- 4 min
Market Commentary for 10/8/21
With harvest in full swing, many farmers are asking me “which crop should I store if I am limited on space?” What to Store at Harvest My...
Roger Wright Team
- Oct 9, 2021
- 1 min
Big Picture Yield Assessment as of 1 October 2021
Jeff Worster is part of a grain marketing and risk management group with clients in 15 states across the Corn Belt and beyond. We share...
Jon Scheve
- Oct 4, 2021
- 2 min
Market Commentary for 10/1/21
USDA Stocks Report Highlights Beans Thursday’s report was pretty bearish beans due to substantially more supply still remaining in...
Jon Scheve
- Sep 27, 2021
- 2 min
Market Commentary for 9/24/21
Corn The corn market wasn’t very exciting this week as the range in closing prices was only 12 cents. This was the smallest one-week...
Jon Scheve
- Sep 20, 2021
- 3 min
Market Commentary for 9/17/21
The market is trying to determine what the upcoming harvest yields will be. Early reports where harvest has started south of I-80 are...
Jon Scheve
- Sep 13, 2021
- 3 min
Market Commentary for 9/10/21
The USDA report found an additional 246 million bushels to add to the production side of the balance sheets. Plus, the export pace for...
Jon Scheve
- Sep 6, 2021
- 2 min
Market Commentary for 9/3/21
The pull back in prices this week is partly due to concern with the damage Gulf export facilities have suffered in the New Orleans area....