From planting to harvest, every year brings a collection of unique challenges. Extreme weather and tariffs are two that have recently played leading roles in the grain marketing plans of producers across the United States. If nothing else, these fundamental market drivers have emphasized the importance of taking a measured approach to battling the unknown.
To say the very least, 2018 was a volatile year for grains and oilseeds. Tariffs, ethanol production, and global economic growth brought consistent participation to the markets. Some products rallied while others lagged, giving ag market participants all they could handle throughout the calendar year. Moving forward, the grain market outlook for 2019 is dominated… Read more.
The USDA released the January WASDE, Winter Wheat Seedings, and Dec 1 Stocks report today. The big surprise was Hard Red Winter Wheat seeding were lower than expected by 2.5mm acres. The trade was looking for about 29.0mm acres of HRW wheat (KC Wheat) and the USDA projects 26.5mm acres. If projected ending stocks were… Read more.
I put together a Supply and Demand table for 2016-2017 (new crop) corn and soybeans and it was fairly neutral for corn but bearish for soybeans.