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Jon Scheve
Nov 28, 20214 min read
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, 20212 min read
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, 20212 min read
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, 20213 min read
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, 20214 min read
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, 20211 min read
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, 20214 min read
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...
Wright Team
Oct 8, 20211 min read
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, 20212 min read
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, 20212 min read
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, 20213 min read
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, 20213 min read
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, 20212 min read
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....
Jon Scheve
Aug 30, 20213 min read
Market Commentary for 8/27/21
Corn and beans continue trading within tight ranges. Yield estimates seem less certain than usual for this time of year. Therefore, a...
Jon Scheve
Aug 23, 20212 min read
Market Commentary for 8/20/21
Corn Outlook In 12 of the last 15 years December corn futures have had a pullback in August or September. This seasonal trend is usually...
Jon Scheve
Aug 19, 20213 min read
Market Commentary for 8/13/21
Corn Outlook On Thursday, the USDA decreased the expected national corn yield more than what the trade was expecting. There have only...
Jon Scheve
Aug 19, 20214 min read
Market Commentary for 7/30/21
Corn futures continue to trend sideways, as the market waits for the August 12th USDA yield estimate. This week saw the first fields of...
Jon Scheve
Aug 19, 20214 min read
Market Commentary for 7/23/21
Hot and dry weather is expected for the next week or two, but forecasts vary on how dry August will be. Any weather shift could shake up...
Jon Scheve
Jul 17, 20215 min read
Market Commentary for 7/16/21
The USDA had no surprises for corn and beans last week. Now the market will wait for national yield estimates in the August USDA report....
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