Market Commentary
Weekly Crop Commentary - 7/19/2024
Jul 19, 2024
| Heritage
Good afternoon. Another week that has just flown by. I was a bit surprised on Monday night when crop ratings came out, and Ohio was lower for both corn and soybeans in the good to excellent category.
Weekly Crop Commentary - 7/12/2024
Jul 12, 2024
| Heritage
Good afternoon. Another week of the grain markets making new lows. The fund managers are aggressively adding to their short positions in all three of our major grain commodities.
Weekly Crop Commentary - 7/5/2024
Jul 05, 2024
| Heritage
Good afternoon. I hope everyone had a lovely July 4th holiday. Earlier in the week, we did see the bulk of the wheat harvest here in west central Ohio get wrapped up. Yields, for the most part, were good, not quite like last year, but they were good.
Weekly Crop Commentary - 6/28/2024
Jun 28, 2024
| Heritage
Good afternoon. This was a rough week for the grain markets. December corn broke to new lows as traders anticipate 90 million acres of corn plantings. They are also anticipating a big year-on-year increase in corn stocks.
Weekly Crop Commentary - 6/21/2024
Jun 21, 2024
| Heritage
Good afternoon. We have reached the summer solstice and the start of summer. It sure has felt like summer all week long, and the weekend looks hot too. The potential for a shot of rain and some cooler temperatures on Sunday sure will be welcomed.
Weekly Crop Commentary - 6/7/2024
Jun 10, 2024
| Heritage
Good afternoon. This week was yet another wild one in the grain markets. We worked our way lower for the majority of the week, and then Thursday came and we won back most of those losses.
Weekly Crop Commentary - 5/31/2024
May 31, 2024
| Heritage
Good afternoon. Hard to believe we are at another month's end, but here we are. Scattered rains since the weekend have kept field activity this week at a minimum.
Weekly Crop Commentary - 5/24/2024
May 24, 2024
| Heritage
Good afternoon. Hard to believe we are on the Memorial Day weekend. Another month has absolutely flown by. Planting progress made great strides this week.
Weekly Crop Commentary - 5/17/2024
May 17, 2024
| Heritage
Another week has gone by. The markets have perked up only to level back out to where we were two weeks ago. Wheat looks like the support for the markets right now because of Russia’s crop loss due to frost and the continuing conflict with Ukraine.
Weekly Crop Commentary - 5/3/2024
May 03, 2024
| Heritage
Good afternoon. It’s been a wild week for sure. The markets seem to be ending the week working substantially higher. We have several factors contributing to this, but weather is in the forefront.