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January 7, 2015  01/07/15 2:45:19 PM

We’ve said it before but it’s worth repeating, “Sure like this global warming”. 
 
It’s a good thing the ditches were empty so the snow we received had a place to go after the wind started blowing.  Once the ditches get full driving the balance of the winter could be interesting.
 
Last week’s uptick in the grain markets was a prime example of what takes place with little volume being traded.  The sellers were the only one’s working between Christmas and New Years.  The buyer’s were back at work on Monday.  It’s all about money, those who have it and those who want more.  Monday’s USDA report will give us a look at the fundamental reasons why the market should go up or down.  It will be your typical report that will give us 5 minutes worth of actual supply and demand figures (still only a guess) to trade and then it’s back to the funds making money.  Buying and or selling, all in the same day.  The average guess on expected carry out figures are 1.927 bln corn bushels and 400 mln bean bushels.  With South American weather and their growing season being a non event (so far) prices should be lower and continue to trade sideways to lower until we get our crop planted and we know how the growing season shapes up in our own backyard.
 
Stay warm!
 
Bob         
 
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