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...
A trade shortened holiday week didn’t keep the funds from adding to their short position in corn last week. March, May and July futures all lost 12 cents and now have March futures testing their $4.35 support level of the last two months. The funds are short 39,208...
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...
