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Looking back at 2019, the value of the United States dollar has been in an ever so slight uptrend; unable to break below 95.00 and unable to climb above 100.00. The slight twists and turns along the way were tied specifically to trade deal gyrations with China, and U.S. economic news such as…

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As the American farmer is enduring a grueling, slow harvest, many questions remain regarding the true size of the crop. Some feel the final U.S. yield will be closer to 45 bushels per acre, versus the current U.S. Department of Agriculture number of 46.9 bushels per acre.

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Last month I talked about the importance of ending stocks in terms of grain marketing. Remember, if the perception is that the ending stocks number is getting smaller, then grain prices will often times rally higher.

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It is only late August and yet I secretly wish that 2019 would hurry up and come to an end.

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Soybean futures prices seemed on the verge of complete demise just weeks ago as it was assumed that the very slow planting pace of corn might lead to additional acres of soybeans being planted in the United States this spring.

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While spring has been slow to arrive with one last snowstorm plundering the Midwest in late April, soon enough the planters will be rolling.

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Corn futures have gained 10 cents recently on early planting delay fears. December 2019 futures are back up to $4 a bushel and the client questions emerge regarding making cash sales, forward contracting and what does it exactly mean to “capture the carry”? 

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Overall, the live cattle futures prices have traded in a tedious range since late 2018 as there has been a near perfect balance of impressive demand (both domestic and export) to offset the reality that supplies of beef have been quite large.

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Happy New Year! With the new year comes resolutions for many. Losing weight, reducing stress, getting organized, saving more money (or spending less) and spending more time with family are resolutions traditionally among the top of the list.

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You probably heard me say on television during various agricultural marketing shows when referring to commodity price patterns, “We are likely to be stuck in a sideways trading pattern.” And once again, it does appear for the short term, corn, soybeans and wheat futures will likely trade in …

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Cattle futures have been able to climb higher in recent weeks thanks to strong domestic and global demand. The marketplace knows actual cattle and feedlot supplies are more than ample, so demand has allowed for the price rally.

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When the perils of lower corn prices continue to pierce your checkbook, the natural reaction is to assume that doom and gloom will reign supreme. Unfortunately, the outlook for doom and gloom prices may continue into early harvest as the abundant old crop corn supplies come to town, filling …

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Cattle futures have traded into a narrow consolidation pattern on futures charts. Prices continue to meander up and down in a mostly methodical fashion as the balance between supply and demand continues to be perceived mostly as equal and balanced.

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If you’ve ever had the opportunity to travel with your family to a Disney Park, odds are you’ve been on the ride, “It’s a Small World.” A 10-minute ride where you’re slowly floating through the different “countries” of the world, and hearing the same song looped over and over and over again.

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Back at 2017 fall harvest, when grain prices had capitulated to the depths of over-supply price gluttony, the agriculture industry sentiment was grim. Low prices and global crop surplus had become the norm. When talking with farmers back then, and even this early winter, I stated that in ord…

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Cattle futures have enjoyed firm, steady prices since September 2017 with prices well supported by demand. However in the past few weeks, cattle futures prices have eased slightly lower as expectations of hefty supplies of beef are on the horizon.

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The negativity seems to be fading. The “oversupply” theme, which has dominated the commodity industry, is starting to lose its luster. Things are changing and you need to be aware.

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The January 2018 World Agricultural Supply and Demand Estimate report from the U.S. Department of Agriculture has come and gone, providing very little incentive for grain prices to trade out of the technical trading ranges that have held prices captive for months.

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Cattle and wheat futures contracts will likely nestle in for a quick winter’s nap in the coming weeks. Looking at the current market fundamentals, most of the news (bullish or bearish) has been fully traded for now and there is likely little in the way for fresh market news in the coming wee…

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Harvest 2017 is coming to a close. Time to catch your breath, think back on the past year and of course, count your blessings.

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Low prices cure low prices. Crude oil prices have been stuck in a relatively tight price range for three years. Abundant global supply has kept crude prices on the defensive. Stepping back, crude oil futures have had trouble climbing much beyond $55 per barrel over the past couple of years a…

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After the late spring rally, cattle futures slowly traded lower during summer months. Citing the nearby October futures contract, the June 6 contract high was $122.85 with prices recently touching a price low of $104.20. Let’s take a look back at what happened, and where prices may go from here. 

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The saying goes, “If you want to make God laugh, tell him your plans.” I think we can now say the same thing goes for the USDA.

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Prior to the July 12 USDA report, grain prices rallied on dry weather concerns, smaller spring wheat crops in the Dakotas and insatiable domestic and international demand. Corn, soybean and wheat futures all climbed to high price levels that had not been seen since last summer. And then it a…

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You can almost feel the adrenaline pumping through farmer veins this time of year. It’s a combination of seeing newly planted crops inching through the soil, plus worries Mother Nature might not fulfill the crop to its utmost yield potential.

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I’m definitely not an agronomist (in fact, my lack of green thumb leads to a tendency to kill house plants), nor am I a meteorologist. But what I can tell you is—for the corn market—summer weather and final yield is of the utmost importance. Thanks to ample United States corn yields for thre…

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The recent USDA planted acreage report pointed out how little wheat will be grown in the United States this year. According to the report, all wheat planted area for 2017 is estimated at 46.1 million acres, down 8 percent from 2016. This is the lowest total planted area in the U.S. since rec…