Articles tagged under: Progressive Ag Marketing

There’s a Wait-and-See Attitude Ahead of Friday’s USDA Report

Published April 7, 2021

Traders will be watching ending stocks numbers closely in Friday’s supply and demand report from USDA. Progressive Ag Marketing market analyst Brian Strommen thinks traders will take a wait and see attitude on acreage going into the report. "We'll wait…

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Grain Markets Caught in a Volatile Trend

Published March 4, 2021

The grain markets remain caught in a volatile sideways trend. Progressive Ag Marketing market analyst Tom Lilja says the pace of Brazil’s harvest and corn planting is underpinning the corn and soybean markets. "Brazil's second crop corn plantings are behind…

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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.…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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