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47th Annual National Farm Machinery Show Wed, 2/15/12 – Sat, 2/18/12 (9am – 6pm) Kentucky Exposition Center 937 Phillips Lane Louisville, KY 40209 The future of farming is coming to the 47th National Farm Machinery Show, as the nation’s largest indoor farm show returns to the Kentucky Exposition Center. Start the [...]
Continue Reading →William D. Moore 312-264-4337 TOLL FREE 855-264-6673 wmoore@pricegroup.com MARCH CORN Eyebrows were certainly raised by the market’s extreme reaction to a modestly Bearish USDA Report issued on 1/12/12! 60 cents down in March Corn off total corn Production still under last year – seemed inordinate – and, indeed, the market’s recent Up seems to indicate [...]
Continue Reading →William D. Moore 312-264-4337 Toll – 855-264-6673 wmoore@pricegroup.com MARCH CORN The much-anticipated January 12 USDA Crop Report was a bearish surprise – but not A “bearish shocker” – in that all numbers were higher than expected but none were over The high end of their range ! 1) Corn Production – 12.358 (12.170 – 12.375) [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com MARCH CORN After a stunning 90 cent rally since 12-15-11, a much anticipated correction Has occurred – prompted by a rainy forecast in South American and a strong dollar. Oftentimes, these forecasts don’t pan out so time will tell! Also there has been Profit-taking in front of the USDA Jan [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com MARCH CORN So why was March Corn up 8 days in a row while rallying nearly 75 cents ?? 1) Hot & dry in Argentina & S. Brazil with little relief in sight – and the critical Pollination phase right around the corner 2) Holiday markets in which light volume [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com MARCH CORN European Debt Woes once again reared their ugly head yesterday, forcing a Major pummeling of all commodities – crude oil was down $5.00, gold lost $75 and Silver dropped $2.32 – by comparison, grain losses were relatively tame with corn Off 13 cents, beans 19 and wheat 19 [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com MARCH CORN Today was a perfect example of what we’ve been dealing with for a long time – Supply/demand fundamentals battling the Macro factors ! Mostly, in the past, The Macro Mkts have dominated but today, for a change, S/D won out – a welcome Sight for sore eyes! At [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com MARCH CORN The major culprit in corn’s $2.00 break since early September – the Macro (outside) markets – Became an unexpected ally for the grains yesterday. In a surprise announcement at 7am CST, the major Central banks co-ordinated efforts to increase liquidity for the global financial system – a move [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com DECEMBER CORN December corn has been victimized by sluggish export demand and European Debt woes dropping to the low of a two-month trading range close to the $6.00 area. In a time of scarce fundamental info, the market has zeroed in on a disappointing export Sales pattern to forge a [...]
Continue Reading →William D. Moore Toll Free – 855 264 6673 wmoore@pricegroup.com DECEMBER CORN Left to its own fundamentals, December Corn belongs trading higher – but with the European debt woes (first Greece, now Italy) intervening almost daily, the market has only managed to stay in a tight trading range Instead of going up! Today’s November Crop [...]
Continue Reading →William D. Moore 312-264-4337 wmoore@pricegroup.com DECEMBER CORN December Corn, after succumbing to global economic fears in September and breaking $2.00, has started Paying a little more attention to its own supply/demand fundamentals – resulting in nearly a $1.00 rally since Early October. Indeed, LOW PRICES CURE LOW PRICES –as corn’s severe sell-off has attracted solid [...]
Continue Reading →According to William Moore, futures account executive at Price Futures Group, corn prices are going to stabilize. However, the USDA quarterly stocks report will determine the upward or downward trajectory of corn prices, he said. If the USDA reports a less-than-expected supply in its quarterly stocks report, the prices of corn will be pushed up. [...]
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