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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....
Jon Scheve
Jul 11, 20215 min read
Market Commentary for 7/9/21
Another week of good weather for most of the corn belt has put downward pressure on prices. Corn prices declined each day this week and...
Wright Team
Jul 11, 20211 min read
World Grain Trade
Provided by HAMMERSMITH Marketing Ltd Corporate Head Office: Suite 200B, Centre of Commerce, One Bay Street, PO Box N-3944, Nassau,...
Jon Scheve
Jun 26, 20213 min read
Market Commentary for 6/25/21
This week the corn and bean markets were dominated by upcoming weather uncertainty and Friday’s Supreme Court ruling against the ethanol...
Jon Scheve
Jun 20, 20212 min read
Market Commentary for 6/18/21
Soybean futures had a historic price decline on Thursday but rallied back half of that decrease on Friday. Corn futures also fell the...
Jon Scheve
Jun 14, 20214 min read
Market Commentary for 6/11/21
This week the USDA decreased the 2020 corn carryout which caused the stock to use ratio, the total usage compared to the total...
Jon Scheve
Jun 3, 20212 min read
Market Commentary for 6/4/21
New Crop Futures Prices Dry weather concerns in the Dakotas and possible ridging in the western corn belt later this month pushed some...
Jon Scheve
May 27, 20217 min read
Market Commentary for 5/28/21
Last Wednesday, the corn market pulled back to a technical point and Thursday it bounced off it. Fundamentally, crops aren’t made or lost...
Jon Scheve
May 20, 20213 min read
Market Commentary for 5/21/21
Corn Both July and December corn futures closed higher this week compared to the end of last week and are still at or above levels from 3...
Jon Scheve
May 13, 20213 min read
Market Commentary for 5/14/21
Over the last 5 trading sessions corn dropped 90 cents, while beans were nearly unchanged. The report on Wednesday was neutral for old...
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