Corn Outlook: After a bullish crop report last week, corn futures have slid because of long liquidation in the July contract, improving growing conditions, and fear of a default by Greece. However, a long season is still ahead and there are several unknowns. One is whether the USDA will lower or raise their acreage[…]
Corn Outlook: A long growing season lies ahead in corn. Planting is winding down, but there are areas in the eastern Corn Belt that will not see a planter because of wet conditions this spring. This was reflected in the supply-demand report when the USDA lowered planted acres 1.5 million to 90.7. Ending stocks[…]
Corn Outlook: Corn planting is winding down, but the growing season will prove to be an adventure for traders. As of last week, 86 percent of the corn crop was planted, which is below the five-year average of 95 percent. Ohio is behind the eight-ball with only 19 percent of their crop in the[…]
Corn Outlook: Grain futures are having to cope with the sovereign debt crisis in Europe as it relates to commodities, and weather. Recently, the debt ratings of Greece and Italy were downgraded which is bearish for commodities. In the meantime, producers in the eastern Corn Belt are struggling to plant corn, which is bullish[…]
Corn Outlook: Grain producers are still plagued with cool, wet weather and late planting. As of last week, 63 percent of the corn crop was planted compared to 75 percent for the five-year average. The western Corn Belt is making good progress, but North Dakota, Minnesota, Indiana and Ohio are far behind. This is[…]
Corn Outlook: Corn futures have been tarred and feathered this month because of fund selling. Estimates are that the funds took $100 million off the table during the onslaught of selling in commodities during the first week of May. The trend following funds sold 185 MB of corn during that time reducing their long[…]
Corn Outlook: News this week centered upon the death of Osama Bin Laden, the economy and weather. The economy shows signs of slipping which caused broad based selling in commodities by the funds. This was especially the case in the energies and metals, which lent pressure to the grains. Meanwhile, the eastern Corn Belt[…]
Corn Outlook: Grain producers have been dodging raindrops all month in an effort to plant corn. So far, Mother Nature is winning the battle as only 9 percent of the crop is planted compared to 46 percent a year ago and 23 percent for the five-year average. Conditions are expected to stay soggy in[…]
Corn Outlook: Anymore, normal is merely a setting on a washing machine! Gone are the days when traders looked exclusively at weather, supply and demand for a direction in the grains. Today, they must be aware of the macroeconomic situation and political developments. This week, Standard & Poor lowered their rating on the U.S.[…]
Overview: Grain futures, with the exception of soybeans, backed off today from the forecast of ideal harvest weather this week and month end profit taking by the funds. Meanwhile, fear of inflation because of quantitative easing by the Fed’s will provide underlying support. In order for inflation to become a serious threat, however, demand[…]