On The Money Grain Commentary–10-13-11

Corn Outlook:      Corn futures have found traction after plummeting 26.5 percent since August.  Bloodletting by the funds has subsided with their long position falling to 575 MB from the peak in September at 1.355 BB.  Since 2010, large speculators have been the driving force in commodities.  However, because of increased volatility and economic uncertainty[…]

Latest Supply and Demand report from USDA (9/10/10): Friendly for Corn, Slightly Negative for Wheat.

Corn: Endings stocks fell to 1.116 BB compared to 1.312 BB last month. Stocks-to-usage are in the lower third of the twenty-year range. World ending stocks are down in the lower third of the twenty-year range. The report is within expectations with nothing present to derail the rally in corn.    Soybeans:  Soybean yields for[…]