Currently viewing the tag: "Corn"

Heavy rains are upon us as severe storms are ponding the continental U.S. from the west, northwest, Texas Panhandle, Plains, Mid-West, Nor east, East and South. This could stall plantings for a time. In the overnight electronic session the July Corn is currently trading at 357 ½ which is 3 ¾ cents lower. The trading [...]

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The Corn continues to trade lower after light volume in Friday’s action due to the May Day holiday. In the overnight electronic session the July Corn is currently trading at 361 ½ which is 1 ½ of a cent lower. The trading range has been 359 ¼ to 358 so far. Welcome rains in some [...]

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On the Corn front the turnaround with the U.S. dollar and rumors abound that Brazil sold South Korea Corn at a steep discount and a slow cash market pretty much stopped the bulls in their tracks. In the overnight electronic session the July Corn is currently trading at 364 ¾ which is 1 ½ of [...]

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First Notice Day in May Grains today you should be out today. That coupled with month end, and the U.S. dollar about face as most foreign currencies rallied which probably set the stage for funds to short cover. In the overnight electronic session the July Corn is currently trading at 368 ¼ which is a [...]

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Today’s data is 1st Quarter GDP, EIA Energy Stocks, Dairy Product Sales and the FOMC Meeting. On the Corn front the market ended up unchanged in yesterday’s open out-cry session. Volume has picked up with funds stepping up activity looking to be adding net short positions. World demand, weather and U.S demand will likely play [...]

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On the Corn front keep plugging along add favorable warmer weather forecasted this weekend  and going into next week. Funds are adding short positions which could push us even lower. In the overnight electronic session the May contract is currently trading at 360 which is ¾ of a cent lower. The trading range has been [...]

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In the overnight electronic session the May Corn is currently trading at 362 ½ which is 2 cents lower. The trading range has been 364 to 362 so far. The market is looking ahead to planting, weather, exports and the U.S. dollar for fair value. On the Ethanol front it was quiet in the overnight [...]

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In the overnight electronic session the May Corn is currently trading at 373 ½ which is 1 cent higher at this writing. The trading range has been 373 ½ to 371 ¾ so far. I believe with all the bearish news we have been realizing the market is trying to find some legs. The bearish [...]

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Corn futures still seemed to be pressured by factors of plantings running behind in the Mid-West, Argentina’s harvest and exports ahead of schedule. The U.S. bird flu that is causing Iowa farmers to slaughter chickens and hens infected at a pace we have not seen since the late 1990’s is also adding to the pressure [...]

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The Corn market is taking on some pressure this morning as we are trading off a higher dollar, Argentina’s harvest ahead of last year, China actively buying Grains and not as much from the U.S. but the they gave a nice order to the Ukraine. In the overnight electronic session the May Corn is currently [...]

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This morning’s reports at 7:30 A.M. are CPI and Real Earnings. al-Qaida militants clashed with one of Yemen’s largest brigades outside Mukalla, the capital of the Hardramawt province. The militants then seized control of Riyan airport and moved to secure the city’s main seaport, which is also oil a terminal. This is also causing concerns [...]

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This morning we have reports starting at 8:15 A.M. with Capacity Utilization and Industrial Production. At 9:30 A.M. the EIA Energy Stocks followed by the NOPA Crush at 11:00 A.M. AND Dairy Product Sales at 2:00 P.M. In the overnight electronic session the May Corn is currently trading at 371 which is 2 ½ cents [...]

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