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Tariffs, eggs and outlook

1 month ago | ocj.com | Doug Tenney |Leist Mercantile |Jon Scheve

By Doug Tenney, Leist MercantileFor months I have been trying to find Belle-View pickles. They have a sweet chip which pairs splendidly with ham salad. No luck in my local stores. I even braved the throngs at Walmart. Growing frustration increased. I asked friends if they were familiar with that brand.
Neutral numbers for March 11

2 months ago | ocj.com | Doug Tenney |Leist Mercantile |Jon Scheve

Market Analysis, Top Headlines By Doug Tenney, Leist MercantileNeutral is negative as it lacks bullish news. No changes in U.S. corn or soybean demand. Ethanol and corn exports unchanged. Soybean crush and exports unchanged. U.S. wheat exports cut 15 million bushels. Traders were looking for corn used for ethanol to increase at least 10 million bushels. Last month USDA pegged that number at 5.5 billion bushels. In addition, U.S. corn exports could also increase 10 million bushels.
Will corn rally again?

2 months ago | ocj.com | Jon Scheve |Doug Tenney |Leist Mercantile

Market Analysis, Top Headlines By Jon Scheve, Superior Feed Ingredients, LLCIn 8 trading sessions, the corn market has lost nearly 50 cents per bushel. May corn is now trading similar levels to right before the January USDA report was published. After the January report, basis weakened throughout the U.S., while the March/May futures spread widened. These are common signs of an upcoming futures value correction, which is what ultimately happened.
Big surprises with bullish corn and soybeans

Jan 10, 2025 | ocj.com | Doug Tenney |Leist Mercantile |Dan Armitage

By Doug Tenney, Leist MercantileBig changes in U.S. corn production down 275 million bushels as yield down 3.8 bushels. U.S. soybean production down 95 million bushels as yield down 1 bushel. Big USDA report today. Final 2024 U.S. corn and soybean production and yields, quarterly U.S. grain stocks, and U.S. winter wheat acres will all be part of the noon report.
Bogus rally to end 2024

Jan 8, 2025 | ocj.com | Doug Tenney |Leist Mercantile

By Doug Tenney, Leist MercantileLate last fall I had just come home from an afternoon bike ride with friends which took us to Tar Hollow State Forest, located in Hocking, Ross, and Vinton counties. It was dark and rains would follow the next day two days. The yard needed one final mow and for leaves to be mulched. I did what seemed logical at the time. Soon I was grabbing a headlamp which strapped to my forehead. I wasted no time mowing my entire yard and still it was dark.
Friendly corn numbers

Dec 10, 2024 | ocj.com | Doug Tenney |Leist Mercantile |Jon Scheve

By Doug Tenney, Leist MercantileReport highlights: Corn exports up 150 million bushels, corn for ethanol up 50 million bushels, wheat exports up 25 million bushels. Does anybody believe the additional corn demand? You would think corn would be better than up 3 cents 9 minutes into the report. Trade expectations: US corn exports to increase with a small chance of seeing corn used for ethanol increasing.
Chinese purchases favoring Brazil

Dec 1, 2024 | ocj.com | Doug Tenney |Leist Mercantile

By Doug Tenney, Leist MercantileJacob the cat has learned a new trick. My sleep is often interrupted, and when returning to bed I find Jacob has moved to the center, taking advantage of the warm spot I left behind. In the coming months it will take supply or demand surprises to warm producer’s psyche with current corn and soybean prices. Traders were surprised with the Nov.
Crop insurance prices in, basis improvements

Nov 17, 2024 | ocj.com | Doug Tenney |Leist Mercantile

By Doug Tenney, Leist MercantileCycling friend Roger and I biked in the Hocking County hills several early mornings an hour plus before sunrise. I was in awe of the beauty of the stars on those early, clear mornings. However, we were frustrated the previously seen beaver hutch could not be observed since it was so dark, just as producers can be frustrated when harvesting in the dark, hoping they can see any hazards before danger strikes. New daily price limits for the grains went into effect Nov.
Bullish soybeans, friendly corn

Nov 8, 2024 | ocj.com | Doug Tenney |Leist Mercantile |Jon Scheve

By Doug Tenney, Leist MercantileReport highlights: Soybean yield drops 1.4 bushels, corn yield drops .7 bushels. No change for corn exports or corn for ethanol. Soybean ending stocks drop 80 million bushels. Trade expectations: A small decline for U.S. corn yield and U.S. soybean yield. U.S. corn exports and corn used for ethanol should increase.
Many factors shaping markets in late 2024

Oct 31, 2024 | ocj.com | Doug Tenney |Leist Mercantile

By Doug Tenney, Leist MercantileThe last half of October I was on frost patrol duty for four nights. I was covering my annual flowers, wanting to see them still thriving during the then pending almost 10 days of Indian summer. One dusk evening as I was putting out the flower coverings of 1 sheet, 3 paint drop cloths, and 13 towels, my lawn guy Chad aerated our lawn.