Currently viewing the tag: "Corn"

Talking with farmers across the country and we are both scratching are heads with the cash market versus the futures. The futures for some reason have not found a reason to bounce. In the overnight electronic session the December Corn is currently trading at 337 which is 1 ¼ cents lower. The trading range has [...]

Continue Reading

In the overnight electronic session the December Corn is currently trading at 340 ¼ which is 1 ½ cents lower. The trading range has been 341 ¾ to 340 so far. The market needs some bullish headline to bring in buyers as we head into Autumn next week. On the Ethanol front the October contract [...]

Continue Reading

In the overnight electronic session the December Corn is currently trading at 341 ½ which is 2 ¼ cents lower. The trading range has been 344 ¼ to 341 ½ so far. Changing weather patterns and cooler overnight temps are a reminder of winter is coming back. We may have a reality check that the [...]

Continue Reading

In the overnight electronic session the December Corn is currently trading at 348 which is 5 cents higher. The trading range has been 350 ½ to 342 ¼ so far. Cooler than norm temps couple with light rains have enticed buyers back to the market.  As we head into the weekend we should see the [...]

Continue Reading

Farmers are starting out slow this harvest season being a little behind this early. Warmer temperatures will let them play catch up but that is not in the forecast this week. Below normal temperatures are in the prognosticators sights this week with no real let up until the weekend. The below normal temperatures may insight [...]

Continue Reading

Yesterday’s report estimated U.S. Corn growers will harvest 14.395 billion bushels versus last month’s forecast of 14.032 billion bushels. Average Corn yields were pegged at a record 171.7 bushels per acre up from last month’s estimate of 167.4 per acre. These numbers were supplied by Tennille Tracy and Sarah Portlock of Dow Jones Newswires. In [...]

Continue Reading

This morning at 7:30 A.M. we also have Export Sales and Initial Jobless Claims. The Grain market will focus on the 11:00 A.M. Crop Production and USDA Supply/Demand report. In the overnight electronic session the December Corn is currently trading at 344 which is 1 ¾ of a cent lower. The trading range has been [...]

Continue Reading

The storms forecasted for the area were right on the money so far. Heavy rains hit with a bang and worse weather is expected today leaving a cold front in its path that could ignite frost scares in some growing areas ahead of tomorrow’s Crop Production and USDA Supply/Demand report. In the overnight electronic session [...]

Continue Reading

The headline says it all what we will have to bear this week. Tonight heavy rains start and tomorrow torrential downpours are forecasted with hail and the possibility of tornadoes. Frost conditions after the fact may be another bullish factor not to mention the monthly Crop Production and USDA Supply/Demand report. In the overnight electronic [...]

Continue Reading

We have had some absolutely beautiful weather over the weekend that helped farmers hit the fields. But hold on to your hat, there are forecasts for torrential a downpour come Wednesday. In the overnight electronic session the December Corn is currently trading at 352 which is 4 cents lower. The trading range has been 358 [...]

Continue Reading

Well we cyphered through all of the news and data yesterday naming Initial Jobless Claims and today we have the monthly Unemployment number. This should have a bearish tone to the Stock Market. On the Corn front weather is the factor that will spike prices in this harvest season with a record bumper crop. In [...]

Continue Reading

The markets are already reacting to Mario Draghi’s hint that they may launch a program of asset-backed security purchases which bounced stocks higher and dipped the Euro-Currency. This should be an interesting trading session with the MATO Summit set to begin today as well as all the reports today and of course, the first Friday [...]

Continue Reading