Corn Outlook: Grain producers are still plagued with cool, wet weather and late planting. As of last week, 63 percent of the corn crop was planted compared to 75 percent for the five-year average. The western Corn Belt is making good progress, but North Dakota, Minnesota, Indiana and Ohio are far behind. This is[…]
Corn Outlook: Corn futures have been tarred and feathered this month because of fund selling. Estimates are that the funds took $100 million off the table during the onslaught of selling in commodities during the first week of May. The trend following funds sold 185 MB of corn during that time reducing their long[…]
Corn Outlook: News this week centered upon the death of Osama Bin Laden, the economy and weather. The economy shows signs of slipping which caused broad based selling in commodities by the funds. This was especially the case in the energies and metals, which lent pressure to the grains. Meanwhile, the eastern Corn Belt[…]
Corn Outlook: Grain producers have been dodging raindrops all month in an effort to plant corn. So far, Mother Nature is winning the battle as only 9 percent of the crop is planted compared to 46 percent a year ago and 23 percent for the five-year average. Conditions are expected to stay soggy in[…]
Corn Outlook: Anymore, normal is merely a setting on a washing machine! Gone are the days when traders looked exclusively at weather, supply and demand for a direction in the grains. Today, they must be aware of the macroeconomic situation and political developments. This week, Standard & Poor lowered their rating on the U.S.[…]
Overview: Grain futures, with the exception of soybeans, backed off today from the forecast of ideal harvest weather this week and month end profit taking by the funds. Meanwhile, fear of inflation because of quantitative easing by the Fed’s will provide underlying support. In order for inflation to become a serious threat, however, demand[…]
Overview: During the past several sessions, the funds have gobbled up anything that related to commodities. However, they may be getting their fill, as soybeans were higher but corn and old crop wheat lower. Overall, traders are bullish from disappointing corn yields in the U.S., freeze threats in China and dryness in South America. Meanwhile, investors[…]
Overview: The commodity funds were out in full force today, which was the reason behind the strength in grains. Commodities, in general, were higher across the board even though the dollar was stronger. Most of the gains came in the overnight session, which is the typical “M.O.” of the funds. Keep in mind that they[…]
The good news is corn may be approaching multi-year highs, the bad news it, you probably won’t have much of it to sell if the current harvest reports are to be believed. Dewey Strickler explains as he analysis the week’s activity from the CBOT and what it means for the nation’s farmers. Corn Outlook: Exuberance in corn abounds from[…]
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[…]