Corn Outlook: Corn futures have been in the doldrums since mid August as we are making a transition from a supply to a demand driven market. There are still lingering questions about production, which will be addressed by the USDA in the crop report on September 12th. Until then, fresh news is lacking. Harvest[…]
Corn Outlook: Weather has run the gauntlet in corn. The recent Pro Farmer crop tour pegging the national corn yield at 120.25 bpa reaffirms the damage caused by the historic drought this summer. However, media coverage of the drought is fading leaving the market with little fresh news on its plate. Harvest is beginning[…]
Corn Outlook: Corn futures are awakening from the dog days of summer as prices are trending higher. During the past few weeks, speculation on corn yields has been all over the board. However, the Pro Farmer crop tour is shedding light on the severity of this summer’s drought. Their findings show that yields are[…]
Corn Outlook: If there is such a thing as the dog days of summer in a weather market, we are in it. The media has covered the drought of 2012 extensively, but it is no longer an everyday story. Crop conditions have plummeted this summer but are stabilizing. With a current rating of 23[…]
Corn Outlook: By now, everyone in the universe is aware of the drought in 2012, as the news media has blitzed it on a daily basis. The fact of the matter is that the damage to the corn crop has been done with the question being yield loss. The crop report on August 10th[…]
Corn Outlook: The corn crop has deteriorated significantly during the past few weeks with comparisons being drawn to the drought of 1988. While there are similarities, the difference between 2012 and 1988 is that large investors consider commodities an asset class, which has lead to greater involvement by the funds creating price distortions, such[…]
Corn Outlook: If you have not heard about the Drought of 2012, you have been on another planet! The news media has recently taken an interest and are reporting the effects the drought will have on increased food prices. When they take notice, it usually means a top is not far off. Meanwhile, the[…]
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: Dry weather in the Midwest continues as the newsmaker in the grains. Crop conditions in corn plummeted last week falling eight points to 48 percent in good-to-excellent condition, a decline of 15 points during the past two weeks. This is the lowest rating since the drought of 1988. Ohio dropped the most[…]
Corn Outlook: Traders have been consumed with weather during the past few weeks and, rightfully so, as early-planted corn is pollinating under extreme conditions. Last week, the ratings fell 7 points to 56 percent in good-to-excellent condition, the worst seen for this time of the year since 1989. According to Ag Watch’s yield model,[…]