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

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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We should see some action in the marketplace today. JP Morgan beat the street posting a profit five cents above analysts’ forecast. This morning at 7:30 we have three reports coming out. Business Inventories, PPI and Retail Sales. At 3:30 P.M. we have the weekly API Energy Stocks. In the overnight electronic session the May [...]

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In the overnight electronic session the May Corn is currently trading at 375 which is 2 cents lower. The trading range has been 375 ¾ to 372 ¾ so far. The market is trading weather and plantings for now. Another concern in this market is a higher dollar which makes exports less attractive. On the [...]

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Yesterday’s Crop Production and USDA Supply/Demand data threw a little curveball in the projected scenario with a 50 million bushel rise in carryout mainly due to feed with smaller Cattle herd and smaller pig population these days. World Corn Stocks also rose but the market reacted as if it was already priced in. In the [...]

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This morning’s reports starting at 7:30 are weekly Export Sales, Initial Jobless Claims and Wholesale Trade. At 9:30 we have the EIA Gas Storage and at 11:00 we have Crop Production and USDA Supply/Demand data. In the overnight electronic session the May Corn is currently trading at 379 which is ¼ of a cent lower. [...]

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Rain and cool temperatures are the story this morning. Some Corn growing area it is beneficial and other areas not so much. Exports are cooling off like the weather and some Corn growing areas are talking of being behind on their planting schedule. In the overnight electronic session the May Corn is currently trading at [...]

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In the overnight electronic session the May Corn is currently trading at 384 ¾ which is a ¼ of a cent lower. The trading range has been 387 ¼ to 383 ¼ so far. Rains and cool temps are forecasted this week with the exception of Thursday where temperatures are forecasted to reach highs in [...]

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In the overnight electronic session the May Corn is currently trading at 388 ¼ which is 1 ¾ of a cent higher at this writing. The trading has been 390 to 386 ¼ so far. Rains are forecasted during the week which could stall farmers in the field and cooler temps are forecasted in the [...]

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After Tuesday USDA report that pushed Corn lower but did not break key support at the 370 level. That number will be the test for now. In the overnight electronic session the May Corn is currently trading at 379 which is 2 ¾ cents lower. The trading range has been 382 ½ to 378 ½ [...]

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Surprise. Surprise. Surprise! Everybody picks a horse and only one can win. And to the surprise of many traders that thought they had picked the thoroughbred ended up counting their blessings if they showed or placed after expecting they picked a winner. Corn, Soybean and Wheat data through all traders for a loop as we [...]

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Of course at 9:00 A.M. this morning we have the Chicago Purchasing Managers Index and Consumer Confidence. But at 11:00 A.M. we have the Big Kahuna kicking off the Grain season with Grain Stocks and Prospective Plantings. The complex bounced around like crazy yesterday with funds and commercials squaring and or lightening up on positions. [...]

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