The corn market is holding steady despite hits to its three major demand categories, weather variability, and political uncertainty. Mar-23 corn closed a bit higher this week, although, analysts expect global corn ending stocks to fall by about 2 MMT in this week’s WASDE [...]
Futures activity Mar-23 futures rallied 21 cents per bushel last week, back up to $6.75 per bushel. S&D and fundamental factors Argentina’s crop outlook seems to be getting worse each week. The Rosario Exchange (Argentina’s local ag forum) lowered their corn crop estimate from [...]
Futures activity Mar-22 corn futures closed slightly lower last week at $6.2050 per bushel. Futures are up about $0.70 per bushel year on year. S&D and fundamental factors With WASDE’s release this week, one key question is whether global corn ending stocks will fall further. [...]
Futures activity Dec-21 futures ended last week lower by about $0.06, at $5.7075 per bushel. Although Dec-22 futures were also lower for the week, they closed Friday minimally higher at $5.5425 per bushel. S&D and fundamental factors The Rosario Exchange is projecting Argentine corn [...]
Corn futures have posted an astounding rally that began in the middle of December and accelerated through the first week of January. Supported by expectations of an additional downward revision to 2020/21 domestic and Argentine production and a weak dollar’s perceived impact on export [...]
