Craig’s Closing Comments

February 17, 2015

Regional Bio Security 

Andover man's program tracks costs, locks in opportunities

As spring approaches, farmers have purchased see, checked fertilizer costs and some have prepaid expenses for the year. The knowledge of how much it costs to grow a bushel of corn, wheat or soybeans can be tracked. But comparing the costs with marketing opportunities continues to be a weak point in many farming operations. The swings in cash prices of commodities have often left farmers kicking themselves for not selling when the market was high or not selling before prices dropped below break-even levels.

Craig’s Closing Comments

February 12, 2015

Craig’s Closing Comments

February 10, 2015

Craig’s Closing Grain Market Comments

February 09, 2015

 

USDA’s February supply/demand report out tomorrow morning at 11:00 am.

            Current Estimates are:       

                        Corn                           1.817 - 2.002 or an avg of 1.879 vs. the current 1.877

                        Beans                        356 - 440 or an avg of 398 vs. the current 410

                        Wheat                        595 - 730 or an avg of 689 vs. the current

 

As you can see by the numbers, most are not looking for this report to be a real big game changer, but the USDA isn’t very predictable.  Stay tuned.

 

Craig’s Closing Grain Market Comments

February 05, 2015

 

As we have seen in recent days, the strength or weakness of the dollar and the price of crude oil can have a significant impact on grain prices.  With that in mind I find it interesting that many traders I talk to are saying they wouldn't be surprised to see crude oil prices trade below the $40 level. Some people in the energy trade believe we may end up with the largest crude oil inventories the USA has seen in the past 80 years. If that turns out to be true one would have to assume that excess supply will start to create storage issues and this in turn could create the climate that will result in the final leg lower in price.

Craig’s Closing Grain Market Comments

February 04, 2015

I feel like we are living a market style Karate kid training session.  Risk On.. Risk Off.

Craig’s Closing Grain Market Comments

February 03, 2015