Randy Martinson
Agweek
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Past articles by Randy:
Market plunges after Ag Outlook report
Wheat prices drop as southern Plains see needed rains and Russia looks to cash in on export sales. → Read More
Acreage battle begins with corn gaining ground
Corn is expected to be the big winner in crop acreage in 2023. The breakeven scenarios being run have all favored corn (in most regions) and with input costs decreasing, most expect corn to be the winner. → Read More
Prepare for the great acreage race
South American production estimates take a significant cut due to ongoing weather issues. → Read More
Weather flip flop brings mixed results for grain market
With stocks tight, the U.S. markets likely will trade in their current trading ranges until traders are more comfortable with South American production estimates and the potential U.S. acreage mix. → Read More
U.S. needs to build or maintain all crop acres to increase stocks
Reports of moisture and higher than expected exports were friendly to markets to start February off on a positive. → Read More
Some South American rain mixes up the markets
Weather forecasts were calling for Argentina to see weekend rains and for more rain to fall in the six to 10 day forecast. → Read More
USDA reports supportive to grains
As is usually the case, index funds evened up positions ahead of the holiday season and looked to reposition during the first full week of trading. That drove the market early in the week. → Read More
Markets get ready for the holidays
With thin, light trading and the lack of traders, any big news item will likely result in the markets to exaggerate the move from the news. That would make it prudent to put in some sell orders at higher levels for a just in case moment. → Read More
Markets again are looking for direction
The soybean industry could look a lot different in coming years. With 17 crush plants on the drawing board in the U.S., it will take a lot more acres of soybeans to keep those plants operating. → Read More
Grains whipsaw on Ukraine-Russia war news
The back-and-forth in the market this week on news coming out of Ukraine and Russia is a good example on just how jumpy traders are and how sensitive the market is to any sort of disruption in the grains. Stocks of grains around the world are tight and any issue that could result in the disruption of production will result in the grains to rally. → Read More
The search for market direction continues
Weather, Russia and Ukraine, USDA reports and more are impacting the markets, but the search continues for real direction, Randy Martinson of Martinson Ag Risk Management writes. → Read More
Russia gives grains strength, then takes it away
Russia's back and forth on the Black Sea grain deal had a big impact on this week's markets, Randy Martinson of Martinson Ag Risk Management says. → Read More
The bull isn't getting fed, but tight stocks keep lack of information from taking markets too low
"We have said it before — the bull needs to be fed every day to stay alive and right now all there has been a rehashing of the old stale news. This has pushed the grains into a trading range." → Read More
Grains remain struck in trading range watching harvest, weather, news and demand
The grains seem to be set up in the trading range and so far, the news has not been enough to break the grains out of this patten. Stocks are tight so traders are reluctant to break through the low end of the trading range to prevent unwanted demand. On the flip side, we still need the demand to… → Read More
With October USDA reports done, market focuses on Russia-Ukraine and poor growing conditions
Now that the report is put of the way, the market will go back to trading the war in Ukraine and poor growing crop growing conditions in Argentina, Australia, and the U.S. southern Plains. The market will also be watching closely the development in Brazil as heavy rains in Parana are starting to cause planting delays and lower the quality of wheat. → Read More
Chinese lockdowns, global recession concerns are biggest issues facing U.S. ag
The heavy lockdown in China and global recession concerns are the biggest issues facing U.S. ag right now. U.S. exports are already showing slow demand and are running sharply below expected levels. If this trend continues, the decline in exports will result in increasing U.S. stocks, which could increase stocks enough to push the U.S. grains lower. → Read More
Russia news and harvest pressure the markets
Speculation of escalating war between Russia and Ukraine and Russia not allowing further exports out of Ukraine at the end of the month played a roll in the markets this week, as did early harvest results. → Read More
USDA reports confirm that corn and wheat stocks have tightened
USDA’s September Crop Production report took the market by surprise. Everyone was looking one direction while USDA took us in the opposite direction, which resulted in Monday’s market action. To sum up the report in a few words: uneventful and neutral wheat, friendly and as expected for corn, and bullish and surprising for soybeans. → Read More
Corn takes lead role on production concerns and increased demand
The Sept. 6 session had corn as the main driver, posting solid gains on production concerns and expectations for increased demand. Wheat was a follower to corn, but Minneapolis wheat faded its gains due to harvest pressure. Soybeans were under pressure throughout the session due to expectations for record production. → Read More
ProFarmer Tour results show worse corn and soybeans than expected, lifting markets
The tour is crossing the Corn Belt assessing the potential of this year’s corn and soybean crop. The tour results are showing drastically worse crops than expected in some states. → Read More