Ag markets ended Monday mostly higher

Grain traders were probably squaring positions Monday. The corn market has recently suffered badly from prospects for a huge U.S. harvest and from U.S. dollar strength. Today’s Export Inspections result also looked rather bearish. Nevertheless, futures rose modestly today, which probably reflected widespread short-covering ahead of tomorrow’s quarterly Grain Stocks report. December corn futures gained 2.75 cents to $3.2575/bushel in late Monday action, while May bounced 2.75 to $3.47.

Ag markets proved generally mixed Monday morning

Grain traders are probably squaring positions Monday morning. The corn market has recently suffered badly from prospects for a huge U.S. harvest and from U.S. dollar strength. Today’s Export Inspections result also looked rather bearish. Nevertheless, futures rose modestly this morning, which probably reflected widespread short-covering ahead of tomorrow’s quarterly Grain Stocks report. December corn futures gained 1.5 cents to $3.245/bushel in Monday morning action, while May bounced 1.25 to $3.455.

Ag markets posted mixed closes Tuesday afternoon

Good harvest conditions continued depressing corn prices Tuesday. The weekly Crop Progress report didn’t seem to affect corn futures Monday night. Indeed, prices resumed their late slide in apparent anticipation of a surge in harvesting, since weather forecasts point to warm, dry weather over the short run. December corn futures dipped 4.75 cents to $3.255/bushel at Tuesday’s close, while May sank 4.5 to $3.4675.

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Ag markets firmed Tuesday morning

Good harvest conditions continued depressing corn prices. The weekly Crop Progress report didn’t seem to affect corn futures overnight. Indeed, prices are still sliding in apparent anticipation of a surge in harvesting, since weather forecasts point to warm, dry weather over the short run. December corn futures dipped 3.25 cents to $3.27/bushel late Tuesday morning, while May skidded 3.25 to $3.48.

Crop futures proved quite weak again Friday morning

Dollar strength and harvest prospects are depressing crop markets. Anticipation of another massive U.S. corn crop is depressing prices. Weakness spilling over from the wheat and bean markets, as well as U.S. dollar values at 4.5-year highs are probably exaggerating current losses, despite an early announcement of a big sale to Mexico. December corn futures dipped 4.25 cents to $3.34/bushel in midday Friday activity, while May sagged 4.5 to $3.5475.

Divergent livestock futures highlighted Wednesday's market action

Ethanol news likely undercut corn futures Wednesday. The weekly EIA report on the energy sector stated domestic ethanol stocks at an 18-month high, thereby implying diminished corn demand from that sector. That won’t help the grain industry with another massive harvest looming. December corn futures dipped 2.0 cents to $3.4175/bushel in late Wednesday trading, while May sagged 1.75 to $3.625.

Ag markets turned mostly lower Tuesday morning

Crop futures couldn’t sustain early gains. The Farm Service Agency released its updated numbers concerning acreage enrolled in U.S. crop insurance programs Monday night. It boosted corn acreage and prevent planted acres from its August estimates. Futures rallied in response overnight, but have subsequently turned lower. December corn futures sagged 2.5 cents to $3.405/bushel late Tuesday morning, while May lost 3.0 to $3.605.

Ag markets proved quite mixed Monday

Export news affected the crop markets Monday. After declining Sunday night in reaction to the near-miss on northern Plains frost damage, corn futures seemed set to add to those losses today. That changed after a 120,000-tonne corn sale to Mexico was announced, but the poor showing on the Export Inspections report seemed to limit gains. December corn futures settled 4.5 cents higher at $3.43/bushel Monday, while May added 4.0 to $3.635.

Ag markets turned generally mixed Monday morning

Export news affected the crop markets Monday morning. After declining Sunday night in reaction to the near-miss on northern Plains frost damage, corn futures seemed set to add to those losses today. That changed after a 120,000-tonne corn sale to Mexico was announced. The poor showing on the Export Inspections report seemed to cap early gains. December corn futures rose 1.75 cents to $3.4025/bushel late Monday morning, while May added 1.25 to $3.6075.

Ag markets ended the week in decidedly mixed fashion

Large supplies again weighed on the crop markets. Corn futures stabilized Thursday night in the wake of the bearish USDA reports and subsequent price drops to fresh lows. However, prices subsequently weakened in Friday trading, despite early morning news of a sizeable corn sale to an unknown destination. December corn futures settled down 2.5 cents to $3.385/bushel Friday, while May sank 2.5 to $3.595.

Ag markets turned mostly lower Friday morning

Large supplies are again weighing on the crop markets. Corn futures stabilized Thursday night in the wake of the bearish USDA reports and subsequent price drops to fresh lows. However, prices have subsequently weakened once again, despite early morning news of a sizeable corn sale to an unknown destination. December corn futures slid 2.5 cents to $3.385/bushel late Friday morning, while May sank 2.5 to $3.595.

Thursday's USDA reports generally bearish for crop markets

Corn futures reacted weakly to today’s USDA reports. The USDA’s September Crop Production and WASDE reports seemingly held bearish implications for the corn outlook, since futures built upon early losses in the wake of the news. December corn futures fell 8.75 cents to $3.37/bushel in late Thursday morning action, while May lost 8.75 to $3.58.

Ag markets posted mixed closes ahead of Thursday's USDA reports

Traders were looking forward to Thursday’s USDA reports Wednesday. Expectations for a massive corn harvest have weighed heavily upon the market this summer. However, the possibility that tomorrow’s USDA Crop Production and WASDE reports will hold surprises apparently spurred short-covering ahead of their release. Thus, corn futures traded slightly higher. December corn futures closed up 1.5 cents to $3.4575/bushel Wednesday, while May rose 1.25 to $3.6675.

Crop markets are mostly lower again Wednesday morning

Crop futures generally continued sliding Tuesday night. The ag industry is focusing upon the likely results of Thursday’s Crop Production and WASDE reports, with huge forecasts for the U.S. corn and soybean harvests likely. Thus, most crop futures sustained their recent downtrends overnight. But, we should probably look for short covering and position squaring starting today. December corn futures inched up 0.25 cent to $3.445/bushel early Wednesday morning, while May lost 0.25 to $3.6525.

Adams County Fair opens Wednesday

Demolition derby, chuck wagon cook off, rodeo among activities

OTHELLO - Exhibits and competition, two days of rodeo, a demolition derby and chuck wagon cooking are among the events scheduled for the 2014 Adams County Fair.

Grain and soy prices remained weak Tuesday

Bearish expectations weighed on crop futures again Tuesday. The reduced threat of frost this weekend seemingly triggered fresh selling in the crop markets today, but traders were probably anticipating bearish production revisions on Thursday’s big USDA reports as well. December corn futures settled 4.0 cents lower at $3.4425/bushel Tuesday, while May lost 4.25 to $3.655.

Livestock diverged from weak crop futures Tuesday morning

Bearish expectations continue weighing on crop futures. The reduced threat of frost this weekend seemingly triggered fresh selling in the crop markets this morning, but traders are probably anticipating bearish production revisions on Thursday’s big USDA reports. December corn futures sagged 3.75 cents to $3.445/bushel late Tuesday morning, while May lost 4.0 to $3.6575.

Ag markets moved mostly lower Monday

Reduced frost risk undercut the crop markets Monday. The lack of action in the Black Sea region probably depressed the grain markets today, but the early revision to the weather forecast seems more important at this point. That is, the anticipated freeze line on the weekend weather forecasts moved northward, thereby reducing the potential damage to the corn and soybean crops. December corn futures fell 7.75 cents to $3.4825/bushel at their Monday close, while May lost 7.25 to $3.695.

Ag markets moved mostly lower Monday morning

Reduced frost risk is undercutting the crop markets. The lack of action in the Black Sea region is probably depressing the grain markets Monday morning, but the early revision to the weather forecast seems more important at this point. That is, the anticipated freeze line on the weekend weather forecasts moved northward, thereby reducing the potential damage to the corn and soybean crops. December corn futures fell 6.0 cents to $3.50/bushel around midsession Monday, while May lost 5.5 to $3.715.