I feel like we the markets have been reenacting the movie “Groundhogs Day” with Bill Murray where he wakes up every morning to repeat the same thing that happened the day before. The only difference in the markets is we are doing it week to week versus day to day....
The markets recovered from losses early in the week to close 2 cents higher in the March contract and 3 cents higher in the May and July contracts. Support from the soybean market on news of additional export business was the catalyst this past week. The funds ended...
Corn had an up and down week of trade with the lack of fundamental news in the market. The announcement of the next chairman of the Federal Reserve and forecasts for wetter weather in Argentina pressured the markets to end the week. March, May and July corn all ended...
It was a quiet week in the markets until Friday mornings export sales were released. March, May and July futures all ended the week 6 cents higher. The funds jumped in and bought 40,000+ contracts of corn on Friday ending the week short 64,367 corn contracts...
The markets have been waiting for some direction, and they got it in last week’s WASDE! The expectations were for lower stocks and yield, and the government again went the other way. Corn prices collapsed to close 24 cents lower on Monday. After a few days of lower...
The corn market posted a nice rally last week as it continues its up and down trend while searching for something to give it direction. The corn market has spent the last 6 months in a narrow trading range with the center at $4.45 in the March contract. March, May and...
