Weekend Grain comment
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Started by bcb - March 14, 2021, 11:41 a.m.

Monday the 15th Expanded position limits NOT daily limits

Monday the 15th Crush

Friday the 19th Cattle On Feed

Still important lows in Feb. would need to hold support.

Watch the March contracts numbers for support and resistance for May contacts.

March Corn

Month                                        Low

571.25 High                               542

Last trading day

551.50                                       544.50        Off at 549.25  

March Beans

1453.50 High                             1383.50

Lasting trading day

1425.00                                      1395.75    Off 1415.75

CZ / SX ratio  2.597

4 week avg's

CK 544.25                            CN 533.75

WK 663                                WN 652

SK 1414                               SN 1400.50

CZ 466.50                            Sx 1221

BIG Report end of March

The market has priced the Bull news into price. So we wait for some new inputs for the 

possible surge to new Highs. Do I think the year High's are in NO.

Still like doing some hedging in new crop corn with selling calls $5.20.

We will be taking profits late spring if we are getting planted and things look good.

My possible CZ range could be 485.25-491.25 with breaks down to 463-457 and maybe 451-449

that is the NOW range.

Cattle needs the packer to pay up and get off the $114 they been paying for weeks.

We might see a nice $5 move up then.

Hogs are just off to the races and do look Higher.

Be Safe


By metmike - March 14, 2021, noon
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Thanks much bcb!

By wglassfo - March 14, 2021, 7:07 p.m.
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Will this rain event take any drought talk out of the market

Down [red] for grain

I think some dry places good good rain events

By wglassfo - March 14, 2021, 7:13 p.m.
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No rain on our farm of the Great Lakes

Was predicted rain but nothing

 we usually have good sub soil every spring

Top soil is very dry

Roads are dry, which is unusual this early

But that is one small place

By metmike - March 14, 2021, 8:09 p.m.
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This 1 event will not come close to alleviating the drought/dryness but it was wonderful in many places.....still some precip to go below.

The week 2 pattern after this turns dry???

Daily Anomaly Soil Moisture (mm)Drought Monitor for conus

Precio the next week below.........mostly from this system right now.


By metmike - March 14, 2021, 8:11 p.m.
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Precip the last week below, not including today:

By metmike - March 14, 2021, 8:13 p.m.
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