Jon Scheve
@jonscheve
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Cash Grain Trader; Farm Advisor; Public Speaker; Basis & Carry Expert. Corn & Soybean Farmer.
Minneapolis, MN
Joined December 2014
Looks like it might be a couple hours before conditions are right to start
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Markets Now Agweb video: @jonscheve says #soybeans, #corn firm as farmers store await trade aid/#China deal, lack of fund selling. How is the trade war different than 2018? Are yields really dropping or disappointing? @AgDayTV @FarmJournal @USFarmReport
https://t.co/rBeCYk1vv1
agweb.com
Jon Scheve with Scheve Grain says soybeans are seeing follow through buying on Wednesday as more farmers are storing soybeans this fall and waiting for an improvement in basis and/or prices with the...
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PM #AgriTalk - @DavisMichaelsen markets. @OliverSloup @BlueLineFutures price perspective. @ChipFlory talks harvest reports, cash markets, corn spreads and harvest-season marketing with @jonscheve, Scheve Grain. Live at 2:06CT!
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Markets Now Agweb video: @jonscheve says #corn, #soybeans, #wheat see technical bounce, progress on #China talks and lower corn #yield reports due to disease. Can corn yields fall enough to get carryover below 2 bb? @AgDayTV @USFarmReport @FarmJournal
https://t.co/hL9G8MT7vv
agweb.com
Jon Scheve with Scheve Grain says corn and soybeans were seeing a technical bounce Tuesday with corn getting some extra help from early yield reports which are showing lower production than a year...
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So far the high on Dec 25 corn is almost $4.80 made on February 20th. In the last 35 years February has not seen the highest price of the year on Dec corn. #OATT
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What happens when grain sales are cancelled? In grain trading, it does not mean buyers can walk away from contracts without penalties. It instead means there are offsetting trades between two parties that effectively cancels the original contract. Read on:
wrightonthemarket.com
Jon Scheve with weekly market commentary made on March 22, 2024Export sales on beans have been on pace to almost reach the USDA estimates for the marketing year. But as the marketing year progresses...
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80 of the last 85 trading sessions Dec corn has traded in the $3.95 to $4.25 range during the session. 2 sessions that did not trade in that range were above the range while 3 were below.
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12 out of the last 33 years Dec corn made the yearly low in November. Will the August low of $3.85 hold? History says there is a 36% chance it will not. #oatt #corn #grainmarketing
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Markets Now podcast: #Corn and #soybeans try to bounce after a lower start. @jonscheve says the #grains have had a quick correction off the highs and are looking for direction. What does that mean for marketing? @AgDayTV @FarmJournal
https://t.co/CHWG1akCiG
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Using options and capturing the carry in the corn market this year leaves me with futures sales that are essentially $5.90. Here is how that worked:
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC The market continues to watch Brazil’s weather. Mato Grosso and northeastern Brazil are reporting hot and dry conditions. This area produces 40% of...
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Get in here! Let’s talk about hypothetical trades to try to capture Carry and play the basis game with @jonscheve and @cb_catt plus #Gingers trades at https://t.co/5ExF4K3JYj.
https://t.co/vRkVFVleoC
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This marketing season I used put options to give me a guaranteed floor value on my corn. The weather this past summer could have sent corn prices to $8 or $4. This article details how and why I went about finishing up my 2023 corn futures sales.
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC December corn futures traded to $4.47 on Nov. 29, the lowest price of the calendar year. The massive carryout has been too much for the market to handle...
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Here is a article I wrote over the weekend detailing why I like margin calls and why a producer who is hedging should NOT fear them.
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC Many traders take time off the week of Thanksgiving, which can sometimes lead to increased market volatility. The price action this week does not...
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I am often asked why I hedge my grain using a futures account instead of using HTA (Hedge To Arrive) contracts with an end user. Following are some of the pros and cons.
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC Brazil’s weather caused some excitement in the bean market last week. One day forecasts showed no rain, and the next it did. Until late January, farmers...
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A look at how to capture carry in the soybean market
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC Thursday’s USDA report indicated that last summer’s corn objective yield models might have been more accurate than the subjective based weekly reports...
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Come join us. Grain Market Discussion on cost of carry, WASDE, free DP? (Is it really free) Special guests @cb_catt and @jonscheve Agent 6 and 170 of https://t.co/5ExF4K3JYj carry the discussion. https://t.co/hXP7NDVqJL
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Special space with @jonscheve and @cb_catt friday 2pm cst. Set a reminder for my upcoming Space!
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The soybean / corn ratio could go to 3.2 again as has happened 4 times in the last 20 years. It tends to happen in years with abundant carryout in corn or years with tight bean stocks. This year might have both. In theory $4.70 corn and a 3.2 ratio means beans are trading $15.
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Could corn go lower and beans move higher? Here is a historical look at December corn lows and upside soybean price potential.
ocj.com
By Jon Scheve, Superior Feed Ingredients, LLC Last week, corn finished down 15 cents and was nearly 30 cents off the highs from the previous week. Harvest pressure may finally be hitting the corn...
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