July 18, 2024
USDA’s July crop production and supply/demand estimates were bearish and cast a somewhat dimmer price outlook likely for the near term. The following is a summary of the major changes:
July 8, 2024
Recent bearish fundamentals have been just too much for the market to stand. It all came crashing down this week. Since the most recent recovery and “peak” at over 75 cents, prices (Dec 24 futures) now lost almost 41/2 cents.
June 26, 2024
Prices (December 24) are attemping a rally. Since the string of closing prices below 72 cents, prices have gained about 2 cents and is testing what could be a little resistance at the 74 cent area. If we can successfully negotiate the possible hurdle
May 24. 2024
Nothing is worse than to have land, money, and other resources already committed to production and watching the market (and the value of expected production decline). Farming is a biological process and takes time and time creates risk.
April 18, 2024
Things sure have changed quickly. New crop Dec 24 futures broke through “support” at 82 cents and have continued the downfall. Dec 24 has declined over 5 cents in the last 12 trading days–
