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Corn: December corn settled up ½ cent at $3.89 ¼ which is the highest settlement in 3 weeks. For the week, CZ gained just ¼ cent. One should note, however on the longer term weekly charts, this was the highest settlement in 2 months. Looking at the big picture, CZ has resistance at $3, 94 ½ which, coincidentally was Wednesday’s high. The next major high is just ½ cent above at 3.95 posted on September 15th which is a 2-month high. Conclusion? Someone somewhere is looking at that level, which happens to be the 38% retracement of the overall swoon from the July high tick […]

Corn: December corn settled up ½ cent at $3.89 ¼ which is the highest settlement in 3 weeks. For the week, CZ gained just ¼ cent. One should note, however on the longer term weekly charts, this was the highest settlement in 2 months. Looking at the big picture, CZ has resistance at $3, 94 ½ which, coincidentally was Wednesday’s high. The next major high is just ½ cent above at 3.95 posted on September 15th which is a 2-month high. Conclusion? Someone somewhere is looking at that level, which happens to be the 38% retracement of the overall swoon from the July high tick […]

September 25, 2015 Written by Chris Robinson Corn: December Corn settled up 7 ½ cents at $3.89. CZ traded sideways to higher in quiet overnight trade, but then caught a bid on the 8:30 AM re-open and grinded higher all day. For the week, CZ gained 11 ¾ cents. The old analogy, “never sell a quiet market” seemed to apply today. Yield reports continue to be 30 to 50 bushels less than 2014 on average in IL. As we head into a perfect weekend for harvest, we should get more reports from the WCB. A lot of folks can’t wait to see if the yields […]

September 25, 2015 Written by Chris Robinson Corn: December Corn settled up 7 ½ cents at $3.89. CZ traded sideways to higher in quiet overnight trade, but then caught a bid on the 8:30 AM re-open and grinded higher all day. For the week, CZ gained 11 ¾ cents. The old analogy, “never sell a quiet market” seemed to apply today. Yield reports continue to be 30 to 50 bushels less than 2014 on average in IL. As we head into a perfect weekend for harvest, we should get more reports from the WCB. A lot of folks can’t wait to see if the yields […]

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2015 Written By Chris Robinson Corn: CZ settled down 4-1/2 cents at $3.86. The FSA delivered drama this morning with its first release at 3:50 AM initially setting off a quick 6 cent sell off. At 7:30 AM, the FSA announced it would re-release the info at 9AM. Around 9:30 AM the market finally received the “corrected” numbers. Prevent -plant acres for corn increased to 2.35M from 2.3M. Analysts had predicted the heavy rains in the eastern Midwest this spring created a decline in acres. Much bull had thought the acres lost to prevent would have been higher than was reported. CZ posted its day-session […]

Article Text: September 11, 2015 Written by Chris Robinson Corn: December Corn settled up 12 ¾ at $3.87 which is the highest settlement since August 10th. Corn moved lower early in anticipation of the 11AM USDA report trading to a day session low of $3.64 ½. Two hours and 20 cents later, the bulls were in charge. For the week, CZ gained 24 ½ cents. Managed funds had entered the day long 70K contracts. 2015/2016 carry was pegged at 1.592 vs. August’s 1.713. This was less than the average analyst guess at 1.609. Old crop carry was pegged at 1.732 billion bushels, down 40 million […]