Corn Outlook: A new coalition government is being formed in Greece, but problems are brewing in Italy. Italy may be the next domino to fall as their bond yields have soared to over 7.0 percent. Be advised that Europe’s debt crisis is worsening caused by decades of fiscal mismanagement. Structural reform is needed to[…]
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[…]
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[…]