Corn market reacts to global weather challenges

Futures activity Sep-21 corn futures ended last week near where they started at $5.55 per bushel. Trading was sideways ahead of this week’s WASDE report, a consolidation pattern that may suggest futures are poised for a breakout in one direction or the other. S&D [...]

Corn slides for quiet end to the week

Futures activitySep-21 corn futures hit $5.71 per bushel on Wednesday, based off continued dry weather outlooks in the Midwest. Prices then fizzled out and dropped 24 cents per bushel on Thursday and Friday, with Sep-21 futures closing the week at $5.47 per bushel.S&D and fundamental [...]

Storms bring relief to the corn crop/market

Corn futures continue to fluctuate, with the July contract closing at $6.5925 per bushel last Monday, $6.6425 by Wednesday, and $6.3650 by Friday. Much-needed rain swept across the Corn Belt last week: Nearly every region received at least some precipitation. Moisture will be needed [...]

WASDE & weather maintain volatility in corn market

The corn market reversed course on Friday after a bullish WASDE Thursday, with futures trading lower by double-digits. Jul-21 corn futures—at least thus far—haven’t been able to push past recently established highs, arguably creating a scenario for short-term technical weakness. The July and December [...]

Corn market reverses direction Thursday

Dec-21 corn prices tested $5 per bushel last Wednesday before rallying and trading limit up on Thursday. Since May 7, nearby Jul-20 futures fell from $7.32 per bushel down to $6.21 per bushel Wednesday, a one-month low. Prices on Friday closed at $6.56 per [...]

Corn prices retreat after first glimpse of 2021/22 crop

After a six-week rally, corn futures prices calmed down last week, showing a week-over-week decline for the first time since late March. Jul-21 futures fell from $7.32 per bushel to $6.43, a drop of 89 cents per bushel on the week. New-crop 2021/22 corn [...]

Corn futures rise on unfavorable Brazilian weather

On Tuesday, Apr. 26, most-active Jul-21 corn futures settled at $6.5450, down 3 cents from Monday’s contract-high and 41 cents below the nearby May-21 contract settle of $6.9550. Dryness in Brazil has been the main driver behind rising corn futures. Some in the industry [...]

Corn touches $6 per bushel on weather concerns

After falling 8 cents per bushel to $5.69 last Monday, corn futures rallied the rest of the week and eclipsed $6 per bushel during early trading hours on Thursday. Concerns over weather in South America and here in the U.S. have offered support to [...]

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