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

As I did my Memorial Day tour of Northern Illinois and Southern Wisconsin I saw firsthand how plantings are way ahead of schedule. The Corn is done as far as plantings but the progress in Soybeans really impressed me. This leads to a weather market in the early going. In the overnight electronic session the [...]

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In the overnight electronic session the July Corn is currently trading at 361 ¾ which is 1 ¾ of a cent higher. The trading range has been 363 ¼ to 359 ¾ so far. The market seems to be in short covering mode as we head into the Memorial Day weekend. With the dollar coming [...]

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In the overnight electronic session the July Corn is currently trading at 361 ¼ which is ¾ of a cent lower. The trading range has been 362 ½ to 360 ¼ so far. The ECB announcement to front-load the bond buying program which sent the greenback sharply higher which is bad for exports and the [...]

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The much anticipated selloff happened in the Grain complex after sustaining large gains in this planting season. In the overnight electronic session the July Corn is currently trading at 364 ½ which is 3 ½ cents lower. The trading range has been 368 ½ to 364 ¼ so far. The bearish sentiment in the market [...]

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In the overnight electronic session the July Corn is currently trading at 270 ¼ which is 2 ¼ cents higher at this writing. The trading range has been 371 ½ to 367 ½ so far. The Bureau of Meteorology, Australia’s official weather forecaster predicted an El Nino in coastal waters of Western Australia which is [...]

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In the overnight electronic session the Grain complex is showing some legs. After Tuesday’s report put pressure on the Soybeans and cast a pall on the complex. This morning, however, the Beans look to be forming a bottom and the Wheat is flying high leading the complex. The July Corn is currently trading at 365 [...]

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Now that  the Crop Production and USADA Supply & Demand numbers behind us we should see the complex following weather and demand. In the overnight electronic session the July Corn is currently trading at 360 ½ which is a ½ of a cent lower at this writing. The trading range has been 361 to 358 [...]

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Today we have Export Inspections at 10 A.M. and Crop Progress at 3 P.M. These weekly numbers do effect price action but the Big Daddy of them all is tomorrow’s monthly Crop Production and USDA Supply/Demand data that will keep traders on their toes.  toes. In the overnight electronic session the July Corn is currently [...]

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In the overnight electronic session the July Corn is currently trading at 362 which are a ½ of a cent higher. The trading range has been 362 to 360 ½ so far. Plantings are ahead of schedule and in the areas That need rain in Indiana and Ohio may get their wish this weekend with [...]

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This morning’s reports are Export Sales and Initial Jobless Claims at 7:30 A.M. followed by EIA Gas Storage at 9:30 A.M. and Consumer Credit at 2:00 P.M. In the overnight electronic session the July Corn is currently trading at 365 which is 1 ¾ of a cent lower. The trading range has been 366 ¾ [...]

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The recipe for the breakout in the Crude Oil market has showed its face. Finally the API shows a draw while rig counts continue to drop and fracking is bad and stimulus in Europe and China only can lead to a rally in this market and seek new 2015 highs. In the overnight electronic session [...]

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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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