Corn Outlook: Grain traders have put aside concerns regarding the weakening global economy and are focused on production prospects. The corn crop continues to deteriorate as reflected by conditions falling three points to 57 percent in the good-to-excellent category. This is seven points below the five-year average. The greatest decline was in Illinois with[…]
Corn Outlook: The financial markets remain chaotic as there are many obstacles standing in the way of a global recovery. Grain traders are keeping one eye on the outside markets while focusing on supply and weather with the other. After declining for four weeks, the crop rating for corn was steady at 60 percent[…]
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: 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.[…]
Corn Outlook: The planting intentions and grain stocks reports are in the record book and attention has turned to weather, the economy, and developments in Japan. Aftershocks from the earthquake and severity of the nuclear crisis in Japan are raising concerns that their economy will slip back into a recession. This is increasing anxiety[…]
Corn Outlook: Old crop corn futures surged to a record high this week because of tight stocks and the expansionary monetary policy held by the Federal Reserve. At present, the money supply tips $2.4 trillion. Recently, the Fed’s stated that commodity price gains were not the result of their monetary policy, but rather the[…]
Overview: Corn and soybeans started the session higher today, but met profit taking shortly after the opening. Meanwhile, wheat was up from reports of flooding in the Queensland province of Australia. Equities were stronger on optimism that the economy is headed in the right direction. For now, concerns regarding the debt crisis in Europe have[…]
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[…]
There has been a lot of buzz recently regarding the second round of quantitative easing by the Federal Reserve scheduled to begin next month. It has rekindled optimism among investors that their action will simulate a rebound in the fledgling economy. As a result, equities and other investments have risen in value. However, the real[…]