Currently viewing the tag: "Corn"

On this Blue Moon day we have two reports in the morning with Employment Cost Index at 7:30 A.M and Chicago PMI at 9:00 A.M. and I am not expecting a good manufacturing number do to Chicago, Cook County and Illinois politician’s only answer to fix deficits is to raise taxes which is driving businesses [...]

Continue Reading

Whether it is a change in the weather or change in investors feelings about yields or just plain profit taking creating a short covering rally the Grain are moving noticeably higher. In the overnight electronic session the September Corn is currently trading at 371 which is 3 ¼ cents higher. The trading range has been [...]

Continue Reading

Hot humid weather coupled with rains last night dampened the Corn bull’s spirits. In the overnight electronic session the September contract is currently trading at 370 which is 5 cents lower. The trading range has been 377 ¾ to 369 so far. I am still anticipating an interesting Crop Progress and USDA Supply/Demand report on [...]

Continue Reading

The Stock Market rebounded and the Corn market did not unlike other Grains in the complex with Soybeans, Wheat and Oats trading higher. In the overnight electronic session the September Corn is currently trading at 372 which is 1 cent lower. The trading range has been 375 to 371 ½ so far. I do expect [...]

Continue Reading

In the overnight electronic session the September Corn is getting pasted currently trading at 381 which is 11 ½ cents lower. The trading range has been 389 ¼ to 380 ¼ so far. The weather we experiences in the Mid-west this weekend was a bearish factor. However, I anticipate this crop to be damaged and [...]

Continue Reading

The weak PMI reading from China will only reinforce negative sentiment towards commodities. Demand numbers could fall off the map which commodities are pricing in. Demand could pick up on further policy easing. Investors are also concerned about softer numbers in the euro-zone and is too soon the “all clear” on contagion risk from the [...]

Continue Reading

Did the Gold find a bottom for now or is another country going to dump their gold reserves on the market to accumulate paper currency. The selling we have seen this week seems to have taken a break and the commodity markets seem to have taken notice as well. In the overnight electronic session the [...]

Continue Reading

As we realize summer temperatures for this part of the year investors are looking at the fields trying to see if the yields in Iowa and other western mid-western states will make up for losses in the Illinois and Indiana crop. Also traders are wondering will or will not the USDA will lower the U.S. [...]

Continue Reading

In the overnight electronic session the Grains have seemed to found their bottom. Or did they? That is the two primary questions investors are asking is the U.S dollar too expensive for exports and is this crop the worse one we have seen in years. The September Corn is currently trading at 406 which is [...]

Continue Reading

The weather experienced this weekend drove prices down yet again. Today we have weekly Export Intentions and Crop Progress data. When the USDA shows more accurate data that what I see in the fields. In the overnight electronic session the September Corn is currently trading at 415 ½ which is 4 ¾ cents lower. The [...]

Continue Reading

Depending on who you talk to the crops from Illinois to Ohio do not look so promising. Although Iowa and Nebraska Corn is flourishing and some investors think those yields will compensate for shortages by the other growing states that yields will be on the lower side of the spectrum. I still believe this is [...]

Continue Reading

In the overnight electronic session the Grains bounced off the lows that the highs were sold into any sort of rally. The market is still wildly fundamentally bullish. The September Corn is currently trading at 433 ½ which is 4 cents higher. The trading range has been 434 to 429 ¼ so far. Monday may [...]

Continue Reading