Articles tagged under: Progressive Ag Marketing
South American Weather Keeps Attention of Grain Traders
Published January 18, 2021
Progressive Ag Marketing market analyst Brian Strommen says traders will be watching weekend weather in South America weather when the trade opens up Monday evening. "We'll see what Argentina gets for rain and what that could mean for the crop.…Friendly USDA Report Brings Higher Market Close
Published January 12, 2021
Friendly numbers from the January WASDE report caused grain markets to close higher on Tuesday. Progressive Ag Marketing market analyst Brian Strommen says the old crop corn months closed limit higher. "The lower production number, lower ending stocks and the…Bullish Expectations for Tomorrow’s January USDA Report
Published January 11, 2021
Grain traders continue to position for the January crop report. Progressive Ag Marketing market analyst Brian Strommen says traders have bullish expectations. "On the USDA report day, there's usually a curve ball somewhere to catch us by surprise. We'll see…Basis Reflects Lower Yields and Carryout from USDA
Published November 13, 2020
USDA’s lowering of yields and carryout is reflected in basis levels. Progressive Ag Marketing market analyst Tom Lilja says the market was giving signs of tight supplies. "I think there's a big reason these basis levels have been so red…USDA Numbers Close to Pre-Report Estimates
Published September 14, 2020
Progressive Ag Marketing market analyst Brian Strommen says the USDA numbers were very close to pre-report estimates. "For corn, the yield was lowered 3.3 bushels per acre. Production was down 378 million bushels and some of that came from lower…No Big Market Moves Anticipated
Published June 22, 2020
No big market moves are expected ahead of next week’s USDA reports. Progressive Ag Marketing market analyst Brian Strommen says there will also be end of month and end of the quarter positioning this week. "We get a lot of…More Clarity, But Not More Certainty
Published January 10, 2020
Progressive Ag Marketing market analyst Brian Strommen says USDA’s January Supply and Demand report provides more clarity, but not more certainty. "Looking at the report as a whole, the first reaction was bearish, but once you get into the numbers,…Grain Trade Remains Unsure of Planted Acres
Published July 3, 2019
Uncertainty continues to surround the grain markets, with many traders unsure of planted acres. Progressive Ag Marketing market analyst Brian Strommen says the planted acres may not be known until fall. "We'll see what happens in about five weeks." Crop…Questions Remain Following Friday’s Reports
Published July 1, 2019
Progressive Ag Marketing market analyst Brian Strommen says Friday’s acreage numbers from USDA leave a lot of questions for traders. "The USDA will resurvey and take a look at things." Strommen doesn’t expect the final acreage numbers to be fully…