Blog Archive

Corn: March corn settled up 3 ¼ cents at 3.72 ¾. This settlement is just ¼ cent below Monday’s 2-week high settlement at $3.73. Corn opened quietly, posted an early low and then moved higher in a narrow 4 cent trading range. Corn followed soybeans today in thinly traded, pre-holiday chop. The funds continue to hold a decent size short bet of 85K contracts. Bulls have touted dryness in South Africa as they are winding up their planting efforts. Looking at the charts, CH “tested” the $3.65 level four separate times in the past 3 weeks. Looking at the forest vs. the trees, CH has […]

October 28, 2015 Written by Chris Robinson Corn: December corn settled down 4 cents at $3.76. Corn opened lower and traded lower as once again we had zero follow through to the upside in the wake of Tuesday’s 2-1/2 week high tick at $3.87 ½. Looking for positive action today, I can say it was nice we didn’t test last Tuesday’s 6-week low at $3.72. The market seems content to chop sideways until the USDA on November 10th which we will get in just 8 more business days. The managed funds have cut their long bet down to just over $35K contracts; this pales to […]