Written By Chris Robinson
Corn: September Corn settled up 3 ¼ cents at $3.81 ½. After falling to a new low for the move in the electronic overnight session at $3.74, the contract trended higher, regaining 7 cents from that low. Crop conditions came in at 3PM and came in at 76% good to excellent. This is 1% better than last week’s 75%. Corn pollination was reported at 34% vs 15% last week. Focus will be […]
Written by Chris Robinson
Corn: September corn closed down 8 cents at $3.78 ¼. December new crop corn settled down 8 cents at $3.84 ¾. This is a fresh 4 year low as well as new contract lows for both September and December. For the week, September corn dropped 31 cents, while December dropped 30 cents. Both contracts left gaps on the weekly charts as well. The USDA report pounced on the market at 11 AM. […]
Written by Chris Robinson
Corn: September corn closed down 8 cents at $3.78 ¼. December new crop corn settled down 8 cents at $3.84 ¾. This is a fresh 4 year low as well as new contract lows for both September and December. For the week, September corn dropped 31 cents, while December dropped 30 cents. Both contracts left gaps on the weekly charts as well. The USDA report pounced on the market at 11 AM. […]
USDA found an extra 130 million bushels of corn, as they finally reflect a decrease in feed usage. New crop acres at 91.6 we off by 80K acres.
However, the biggest shocker was the bean acres. The average guess was 82 million acres. We added 3 million, roughly; takes us to 86 Million acres planted.
At trend line yields, that projects to a huge carry out.
The spec long corn took it on the chin, but we still have 25 days of action on that. I want to hold it through the July 4th weekend.
If you are a producer and have not sold, […]
Latest info I saw suggested that the American Farmer still has 30% of the 13 crop in the bin, unsold. For 2014 the estimate was less than 10% sold.
Dupont released its quarterly figures and announced that there were many more sales of bean seed than corn seed.
Fundamentally, this suggests a bearish futures for new crop prices, as long as we get timely rains.
In 2010, at this time of the year we looked great. Then mother nature shut off the rain and we had the drought of 2012.
Since NO ONE, not Al Gore, Not Al Roker can predict the weather more than […]