Recent rainfall and favorable weather forecasts were the fuse that lit the fire as traders exited their longs in dramatic fashion last week. The lack of Chinese trade news, additional war news and a favorable crop conditions report sent the funds to the door. July...
Expectations for a deal with Iran and improved Midwest weather resulted in a selloff in the corn market last week. July futures ended the week 16 lower while December corn closed 11 cents lower. The funds ended the week long 178,337 corn contracts and long 188,229...
Corn was higher last week mainly due to a big rally on Monday based on US and Chinese news. Talk that the US and Iran were once again close to a deal mid-week brought the markets back into check to finish out the week. July futures ended the week 7 higher while...
There were a lot of potential news stories in the markets this past week but ultimately it was the lack of news that moved the market. A neutral to bullish USDA report, approval of E-15 and positive meetings between President trump and Xi were all positive. Ultimately...
Corn ended the week on a positive note with some profit taking and more middle east conflict positioning ahead of the weekend. Despite a higher close on Friday, the markets ended the week lower and back below the $5 level. July corn ended 9 lower while December...
Do we finally have a Spring Rally? The corn market continued its move higher this past week with several different stories fueling the fire. From drought in the west to excessive rains in the mid-west and stronger crude oil prices everything was supportive. July corn...
