Corn Outlook: September has been brutal for the bulls, as corn prices have fallen 16.8 percent from their high. Weakness stems from the increased probability that Greece will default on its debt and disappointment with the Federal Reserve’s latest effort to boost the economy with Operation Twist, a plan to reduce long-term interest rates. […]
Corn Outlook: USDA confirmed a smaller corn crop when they lowered their yield estimate to 148.1 bpa from 153.0 bpa in August. This is higher than Ag Watch’s forecast of 144.8 bpa. Ending stocks for the 2011-12 crop are projected at 672 MB. In other developments, the trend following funds have been on the[…]
Corn Outlook: Grain futures began on a weak note after Labor Day, as anxiety about the sovereign debt crisis in Europe resurfaced. Rumors circulated that 4-5 European banks could be in danger of failing. Keep in mind that major banks in the U.S. have exposure to the debt crisis as well. Meanwhile, uncertainty regarding[…]
In the middle of a busy convention of over 700 farm broadcasters and industry professionals at the recent NAFB convention, one of the most sought peices of information was what the grain markets were going to do as we roll into 2011. Tom Brand of KFEQ stopped us in the hallway to find out what[…]