If you would like to receive our grain comments and cash recommendations on a trial basis, go to the link below. Follow Ag Watch Market Advisors on Facebook for timely information not posted in our commentaries. Corn Outlook: The grains are in a period in which there is not much fresh news. Weather in South[…]
If you would like to receive our grain comments and cash recommendations on a trial basis, go to the link below. Follow Ag Watch Market Advisors on Facebook for timely information not posted in our commentaries. Corn Outlook: The bulls, who bet on a reduction in South America’s corn crop, have been punished. While the[…]
If you would like to receive our grain comments and cash recommendations on a trial basis, go to the link below. Corn Outlook: Diminishing exports have weighed on grain values, especially corn. Last week, inspections were chump change at 7.1 MB with cumulative shipments running 55 percent below a year ago. At the end[…]
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: USDA left a few stones unturned in the supply-demand report, mainly harvested acres. They were unchanged at 84.4 million. Because of the drought, abandonment was expected. We must remember the USDA tends to be conservative in their revisions; otherwise, the x’s and o’s do not match. Harvested acres will be updated in[…]
Corn Outlook: We have been in a full-blown weather market since mid June with the crop ratings falling to their lowest point since the drought of 1988. Last week, the corn crop deteriorated 8 points to 40 percent in good-to-excellent condition. USDA reduced their yield estimate in the July Supply-Demand to 146 bpa from[…]
Corn Outlook: If you were expecting a thrill from the supply-demand report, keep looking because none was found. The USDA left 2012-13 ending stocks of corn unchanged at 1.881 BB. Traders were expecting a reduction. USDA is waiting until after the grain stocks and acreage report on June 29th before making any changes to[…]
Corn Outlook: The corn crop is off to a good start with a rating of 72 percent in good-to-excellent condition, unchanged from last week. Weather is expected to be dry heading into the weekend but, unless Mother Nature changes her mind, a record yield may be in the making. Last week, traders feared that[…]
Corn Outlook: Corn futures have rebounded after shaking off USDA’s bearish report last week. While old crop stocks remain tight, end users are now looking ahead at the potential increase in supplies and early harvest this fall. Planting is progressing at blazing speed and 87 percent complete compared to 56 percent a year ago[…]
Expectations for increased production and an early harvest is pressuring new crop corn while reducing concerns of tight old crop stocks. Planting is progressing swiftly at 71 percent complete compared to 47 percent for the norm. Many of the major producing states are running 40 percent ahead of their average. The first glimpse of USDA’s[…]