by Helen Nemitz, Grain Originator
The market moves fast, sometimes when you are not expecting it to. Since January 12th we have been in a rally market with over a $0.50 cent increase in the cash soybean market. Cash corn has stayed above the $3.00 mark with some gain following soybeans, and wheat also made it above $3.50. We are encouraging anyone with old crop in storage to seriously think of selling. Along with that, getting some of your new crop contracts in place. New Crop beans are trying hard to get to the $9.50 mark, corn is around $3.40 and wheat is creeping up to the higher $3.70’s. A rally is a time to build on averages and this one has made it possible to lock in the best prices that we have seen in a long time.
South America weather has played a big part in the reason for the rally in the soybean market with corn and wheat to follow along. We will be watching the wheat market for any predictions on what the crop will look like for the coming season.
The weather here has not been very nice for us either. Rain and freezing temperatures have made ice and some nasty roads to travel on. Walking on the driveways turned into slip sliding and if you were lucky you made it to your car safely doing the penguin walk.
!!!COME ON SPRING!!!
!!!GO PACK GO!!!