mark guildenzoph 07/12/2013 @ 10:46am
Well 20+ cents down is not showing signs of a continued rally. I sold 7 dollar corn in may and 16dollar soybeans in April so I would say that this market is terrible. Late planting and weather issues all over the corn belt makes me believe that this will also be a poor harvest. However every time a report comes out it seems it doesn't matter what the crops are doing everything is speculation. There is no reason for the rally except that the prices should have never fallen this low to begin with. It will be hard to break even with prices this bad its a good thing no one I know even has any grain to sell. With the stock piles thinning hold on to your hats because I for see a lot of disappointed farmers with the conditions of the crops for this harvest.
Does Lucky = Good in Grain Marketing? By: Roy Smith08/15/2014 @ 10:04am
My original marketing plan for the 2014 crop of soybeans called for an increment to be sold after…
SoyRoy: Historic Events By: Roy Smith08/08/2014 @ 3:24pm
I call the time period that the soybean market is currently in the “Frost Scare Rally”. A more…
SoyRoy: Sell Soybeans Before September By: Roy Smith07/25/2014 @ 11:02am
The long-term soybean futures charts show a sharp drop after the July 4 weekend. This usually ends…