Sep-23 futures traded narrowly during the week of Sep. 4. The contract began the short week with a modest 6.2-cent gain on Tuesday, Sep. 5, to build on the turnaround that appeared on Friday, Sep. 1. On Sep. 6, nearby futures managed to close [...]
Corn futures were choppy on the week and relatively stable as the market weighed a very hot and dry forecast vs. estimates filtering out from the Pro Farmer crop tour. Dec-23 corn settled on Aug. 21 at $4.8250 per bushel and closed at $4.8800 [...]
USDA’s June 2023 estimation for corn planted acreage is 2.2 percent from the first quarter of 2023 and up 6 percent from 2022 at 94.1 million acres. This was above the average analysts’ expectations and out of the range of estimations. The top corn-producing [...]
Corn gluten meal and feed prices continued to decline sharply in June. Meal was down 7.5 percent from May and down 20 percent year over year. Feed pricing was down 8 percent month over month and down 26 percent YOY. Even with these declines, meal and [...]
Corn futures could not sustain their recent rally and began trickling lower last Tuesday. Corn export sales continue to trend higher, with 49.1 million bushels in new sales for 2022/23 at the start of April. Despite the uptick, total sales booked are still down [...]
Global corn ending stocks for 2022/23 received an unexpected increase in the March WASDE. Stocks are now pegged near 296.5 MMT due to lower projected demand. Corn futures have plummeted on speculative selling due to general economic concerns surrounding the world outlook for consumption [...]
Corn prices continue to fall as crop forecasts are cut and recessionary fears influence the market. Corn futures slid further this week, with the May 23 contract falling. Corn export sales were sizable last week, though this comes as USDA lowered the export estimate [...]
Corn prices have taken a hit recently as weather conditions and global politics create instability in the market. Futures activity Spot corn prices quickly pulled back to $6.50 per bushel this week, the lowest since late December 2022 and falling a sizeable 27 cents [...]
