If you would like to receive our grain comments and cash recommendations on a trial basis, go to the link below. Corn Outlook: Corn futures have been facing a strong headwind because of dismal exports and strong competition from South America. For the season, cumulative shipments are running 50 percent below a year ago. […]
Corn Outlook: Corn futures have been on a slippery slope the past two weeks amid concerns of the worsening debt crisis in Europe, potential slowing of China’s economy, large traders abandoning their stake in commodities, and bankruptcy of MF Global. Competition for export business from the Black Sea region has been fierce evident by[…]
Overview: Grain futures are still gasping for air after having the wind knocked out from yesterday’s bearish stocks report in corn. The chances are that some new crop corn found its way into the report because of early harvest. However, the USDA says that this was not the case. In the meantime, it will take[…]
Overview: There were no startling surprises in the crop production report today other than the soybean yield was higher than expected at 44.7 bpa. Meanwhile, traders expect the USDA to lower corn yields from 162.5 bpa in subsequent reports. Right now, the driving force in the grains is the funds, which are holding enormous long[…]