Currently viewing the tag: "The Corn & Ethanol Report"

In the overnight electronic session the May Corn  is currently trading at 374 which is a ½ of a cent lower. The trading range has been 376 to 372 ¾ so far. Weekly exports came in 561,100 tons with China purchasing 9,700 tons. The 3 things this market is eyeballing are weather, Prospective Plantings and [...]

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The FED spoke and did not raise interest rates. However, fingers were pointed and the quote was patience is running out on when to raise interest rates. In other words, when are they going to drop the bomb? We know if the U.S. dollar continues to rise and we raise interest rates U.S. exports will [...]

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To raise rates or not to raise rates that is the burning question to traders this Wednesday morning. Prognosticators are expecting the FED to raise rates for the first time in a decade which should bring some volatility to the marketplace. In the overnight electronic session the May Corn is currently trading at 373 ½ [...]

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In the overnight electronic session the May Corn is currently trading at 377 ¼ which is 1 ¾ of a cent lower. The trading range has been 379 ¾ to 377 so far. The market is looking heavy at the moment with the U.S. dollar sky-rocketing that is hurting exports and lower Ethanol production makes [...]

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The market place is Fed-watching as the St. Patrick’s Day meeting approaches. Do they continue to kick the can down the road and say no interest rates rise until June? The market is absorbing all the information and mis-information that the Fed and European Central banks are throwing at his market. In the overnight electronic [...]

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Remember to expect the unexpected on expiration days as the March contract has its last hurrah today. Be focused and prepared for any sort of a squeeze play. In the overnight electronic session the May Corn is currently trading at 388 which is ½ of a cent lower. The trading range has been 389 ¾ [...]

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Argentina farmers are staging a 3 day no sell strike while Brazilian truckers are having talks with the government to get relief on high Gas prices. Things are not moving as swimmingly as you would wish negotiations to swim. Which is making the U.S. market more attractive and after Tuesday USDA Supply/Demand data showed a [...]

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Yesterday’s Grain data was not a complete surprise but did show somewhat of a mixed bag of tricks in the Grain Complex. Especially Corn where politicians put Ethanol in the spotlight again. Geez! I guess they need something to drive the Iowa farmers and caucus. The bottom line is we are swimming in product with [...]

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A lot of issues at hand in the Corn market with a projected wetter spring than normal, a record 2014 carryover which could give this market a wide trading range. With record supplies the March 31st Prospective Plantings may show less interest in planting Corn especially now that Ethanol is not as attractive these days [...]

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The Grain complex is trading higher and the strength may be due to traders squaring or lightening up on positions before tomorrow’s Crop Production and USDA Supply/Demand report. This morning’s only report is the weekly Export Inspections at 10:00. In the overnight electronic session the May Corn is currently trading at 390 ¾ which is [...]

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Global Warming scientist from 1985 said by 2015 New York City would have weather like Daytona Beach. As Maxwell Smart would say, “Missed it by this much”. Geez! When will people come to the realization that this Global warming or Climate Change or whatever the politicians  want to call it is a complete farce. The [...]

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A lot of reports this morning and also European bond purchases. At 7:30 A.M. we have Initial Jobless Claims, Business Inventories, Export Sales and Retail Sales. At 9:30 A.M. we have the weekly EIA Gas Storage. And speaking of Energy the Republican-led Senate failed to override President Obama’s veto of a bill approving the Keystone [...]

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