We have plentiful stocks of all grains, and there is no reason for any significant move in any grain until something happens to change that dynamic.
The soybean market is a lot higher than a year ago, heading into a new crop season.
This analyst believes winter is still a good time to buy grains after we’ve depressed them with the big crops we produced in 2016.
Pro Ag noted last week that current new-crop prices for HRS wheat, corn, and soybeans are HIGHER than last year at this time in spite of much larger carryout projections.
Current new-crop prices for HRS wheat, corn, and soybeans are HIGHER than last year at this time in spite of much larger carryout projections.
Last week’s USDA report held some bullish surprises, particularly in soybeans.
January is finally here, which means the last estimate of the 2016 crop size will be out on January 12 – including corn and soybean revised yields for the U.S.
The January 12 USDA Report will be highly watched
As another production year comes around, less money is spent on a low priced commodity, demand picks up, and price is the lever that balances supply and demand again.
Analyst Ray Grabanski recaps the marketing year and forecasts what he thinks 2017 will bring to the commodities markets.