With a shortened week of trading and light volumes corn managed to find some strength, closing 6 higher in the March and July contracts while May futures closed 7 higher. The funds are estimated to be short 19,366 corn and long 154,474 soybean contracts. Headlines...
The corn market closed higher last week as demand remains strong on the export side. The market continues to digest export sales reports that are slowly being caught up by the government. Rumors on Thursday of Chinese interest in US corn rallied the markets and...
Another week of sideways trade as the USDA’s WASDE report failed to give the markets any short-term direction. Weather in South America continues to be favorable, especially in Brazil which is keeping long term pressure on the markets. March futures ended the week 4...
Following a choppy week of trade the markets settled slightly lower last week with March futures losing 3 cents while May and July futures lost 4 and 3 cents respectively. Comments from Russian President Vladimir Putin early in the week gave the markets strength only...
A combination of technical buying and optimism of an increase in export sales helped rally the markets last week. We didn’t break out of our current range but did move back to the upper range following Fridays close. For the week December and March futures closed 10...
Corn futures continued their trend of higher one week and lower the next as futures traded lower again last week. December corn was down 5 cents while March and May were both down 7 cents. December corn has been trading in the $4.25-4.40 range the past month and...
