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Market Moment

Grains results for All Months from All Years

South American Weather

Published on Monday, December 4, 2017

For the past month, much conversation has been had about the dry weather impacting South American Crops.  A closer look at the map below reveals that this is purely an Argentinian story.  Not only is Brazil not in a drought, but conditions are described there as "favorable".  That is not necessarily the case in Argentina.  As witnessed on the map, a good portion of Argentina's ...

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Soybeans at the Technical Crossroads

Published on Monday, November 27, 2017

Ongoing monitoring of South American weather has allowed for some degree of weather premium to live in our markets in the past month.  Ongoing discussion about the dry weather experienced in Argentina has caused many to reduce their hopes from the near record crop that was previously guesstimated to something slightly less.  However, it is difficult to make a drought story come to life w...

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The Big Short

Published on Monday, November 20, 2017

A movie came out in recent years with a very catchy title...The Big Short.  It goes into great length to describe the undoing of the US housing market in the bubble that burst in late 2008.  If you haven't seen it, I would highly recommend it.  The big short in the grain markets now exists in corn.  As of Friday, the Commitment of Traders report reveals a new record short ...

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Home, Home In the Range

Published on Monday, November 13, 2017

Dr. Brewster M. Higley penned a piece called "My Western Home" in 1872 to describe his view of the Kansas prairie land that he called home. While the corn market is certainly not the place where deer and antelope play, it has been caught in a range that is so narrow, that seldom is heard...any word at all.  It has been that quiet. This is just as true today in the wake of last Thursday's anno...

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November WASDE Report...Record Corn Yields

Published on Thursday, November 9, 2017

The most shocking number was that of the US corn yield.  While the average analyst guesses ranged from 171.7-174.0, the USDA went further to raise the national yield to 175.4/acre.  This represents a 3.6 bushel increase from last month's projection and sets a US yield record.  When including last month's reduction in acreage, the total production figure stands just 570 million short...

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