Grains end mixed on Friday, but Troy Nielson with Smart Yield looks at the week’s trade. Overall corn and soybeans continue to hold record prices given the seasonality of harvest. This could give farmers a chance to sell grain into a strong market, but there is the lingering question of basis. Nielson looks at basis and the spreads to help explain what the current market is encouraging farmers to do.
Nielson also reflects on last week’s WASDE report and some of the data that may have been overlooked in the wild ride immediately following the report.
Catch the full episode here:
Sir Isaac Newton may have best explained Monday’s market action when he created his theory of gravity, “What goes up must come down.” After a strong week of rallies capped off a friendly USDA report, follow through support was no where to be found in the soybean complex.
PJ Conradt, Tredas, joins the Fontanelle Final Bell to discuss the technical and fundamental factors that pushed the markets lower. Conradt though is excited to see for the first time in years farmers are getting an opportunity to market their grains into healthy cash market with strong basis.
Catch the full conversation here: