China purchases keep corn on the positive side agweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweek.com Daily Mail and Mail on Sunday newspapers.
AgweekTV's Michelle Rook and Randy Martinson of Martinson Ag Risk Management talk about the U.S. Department of Agriculture's decision to leave ending stocks alone for now and what a lack of news is doing to the markets.
Prospective Planting Survey
Bill Meyer, Director of the National Agricultural Statistics Service Colorado Field Office.
Meyer:” This survey will be used to measure what producers intend to plant this spring as far as spring crops, like corn, sorghum, dry beans. We’ll also get a measure of how much hay they intend to harvest this year and the grains stock that they have on hand. This survey is so important for the whole ag industry to get an idea of what will be produced in this upcoming year.”
Meyer says they are collecting the data through the first half of March. There is an online reporting tool producers can use or there are hard copies that producers can fill out and send in via mail.
Markets are looking tired as the wait for more information goes on
The market rally on Wednesday, Feb. 24, seemed like a risk on session for the grains. Most of the contracts were rallying and making a test of the previous highs. But the rally was short lived as selling dominated the market the rest of February. Written By: Randy Martinson | ×
Erin Ehnle Brown / Grand Vale Creative LLC
The grain markets have been able to give a little something to everyone over the past week. Just when most had ruled the grain markets were dead, they made a quick run back to recent contract highs, which reenergized the bulls. But the rally was just a dead cat bounce, which gave the funds the buying power to continue to liquidate long positions, on the backs of the new long positions.