DeLoss Jahnke
Anchor and Editor at FarmWeekNow (RFD Radio Network)
AgriBusiness Director at WMBD-TV (Peoria, IL)
AgriBusiness Director at WIRL-AM (Peoria, IL)
Anchor/Editor at @FarmWeekNow. #Ag broadcaster and advocate. I also like @Royals and @KState
Articles
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2 weeks ago |
farmweeknow.com | DeLoss Jahnke
For almost two months, December corn futures have been trading less than $4.50/bushel. The market tried a feeble rally in early June with a four-day winning streak, but those gains were quickly returned last Friday and this Monday. Now prices sit stagnant, close to recent lows put it at around $4.35. “Thus far the high has been made in the month of February,” said Brian Splitt at AgMarket.Net.
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3 weeks ago |
farmweeknow.com | DeLoss Jahnke
The corn market inverse has been rather fluid over the past several weeks. Profit Watch on May 14 mentioned that a .30 July-December inverse on April 25 was just pennies a couple of weeks later. The inverse went back to .13 a couple of weeks ago and now the inverse has disappeared. Wednesday was the first time in a while that we saw a carry in the corn market, with December .5 more than July.
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1 month ago |
farmweeknow.com | DeLoss Jahnke
Deadlines are fast approaching. The last NASS Crop Progress report shad corn planting at 87% complete, ahead of the 5-year average of 85%. But looking deeper into the numbers, some questions quickly come to mind. Illinois, at 82% planted, means there’s about two million acres still open. And Ohio finally pushed through the 50% mark. As USDA’s Prevented Planting Program deadlines approach, will farmers have difficult decisions to make?
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1 month ago |
farmweeknow.com | DeLoss Jahnke
The end of April and the first half of May are typically tough on futures markets, unless there’s a weather scare that has a big impact on planting progress. But now we’re in the second half of May, and grain and soybeans have had green screens each of the first three days of this week. “You go back to the charts five, 10 [or] 15 years, it seems like corn wants to find a little buying interest.
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1 month ago |
farmweeknow.com | DeLoss Jahnke
Early May usually isn’t the best time of year for corn prices, especially in years that have good planting progress. While parts of Illinois have been kept out of the fields, other areas have run well ahead of schedule. As of Sunday, 62% of the nation’s crop had been planted, according to USDA’s National Agricultural Statistics Service. Most western states were running ahead of schedule. On first glance, a good planting number gives traders an impression that a big crop will get planted.
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RFD Profit Watch, @FarmWeekNow: Alex Zook, @GROWMARK inputs @JTatRFDRadio from IL FFA convention @DarinNewsom https://t.co/yxfrxItcmd
RFD Profit Watch, @FarmWeekNow: Michael Bierman, @GatewayFS, no wheat harvest in his area yet; Todd Steinacher on a corn crop off to a slow start https://t.co/yxfrxItcmd
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