Articles tagged under: Summit Commodities
Grain Markets Trade Lower Tuesday
Published July 19, 2022
Summit Commodities market analyst Tim Marsh says there are a number of factors dragging down the grain markets on Tuesday. "One would be the potential agreement between the Russians and Ukrainians to open up export corridors through the Black Sea,"…Traders Keep a Close Eye on Planting Progress
Published June 6, 2022
Summit Commodities market analyst Tim Marsh is surprised grain markets haven’t paid closer attention to unplanted acres in the Northern Plains. "If you do the math on unplanted acres, there was about 1.75 million acres of corn that wasn't planted…Wheat Prices Trade Limit Up
Published March 5, 2022
Extraordinary geopolitical events bring extraordinary prices. Summit Commodities market analyst Tim Marsh says it’s hard to know how long gyrations in the wheat market will last. "When the market decides something's been determined in Russia and Ukraine, the market will…December USDA Report “As Expected”
Published December 13, 2021
Summit Commodities market analyst Tim Marsh says the December USDA report was as expected. "It's not unusual for the USDA to hit reprint for the supply and demand report on corn and soybeans. We don't have an updated crop production…Stats Can Report Will Offer Insight Into the Wheat Supply
Published November 29, 2021
World fundamentals, including what’s happening with Canada’s drought and rail problems, will influence the wheat markets in the next six months. Summit Commodities market analyst Tim Marsh was watching the results of Friday's Statistics Canada report. "They'll have updated crop…Concern Lingers for La Nina’s Impact on South America
Published November 26, 2021
Despite the decent weather and growing conditions in South America, there are still concerns about the adverse effect of a La Nina as winter progresses. This concern is expected to keep U.S. soybean prices stronger until more is known about…A Smaller U.S. Soybean Yield Possible
Published August 23, 2021
Summit Commodities market analyst Tim Marsh says if there’s any message to take from the Pro Farmer Crop Tour is that the soybean yield may be lower. "I think the soybean yield could come down in the September USDA report,…Grain Market Rally Provides Chance to Make Crop Sales
Published June 6, 2021
Summit Commodities market analyst Tim Marsh thinks U.S. corn acreage may turn out higher than the USDA forecasted. "I also think the USDA's corn yield at 179.5 bushels per acre is unrealistic given the lack of subsoil moisture in the…Grain Trader Disappointed with USDA’s New Crop Corn Balance Sheet
Published May 12, 2021
Summit Commodities market analyst Tim Marsh thinks the corn number on the U.S. new crop balance sheet was disappointing. "It came in at about 150 million bushels above the average trade guess and toward the higher end of trade estimates,…