Corn prices soften in search of fresh fundamental drivers

Corn futures ended last week with different tones for old-crop vs. new-crop contracts. Dec-21 contracts were nearly flat, closing up slightly for the week at $4.6000 per bushel. This first look at the upcoming U.S. production season was close to market expectations, but projected [...]

Corn acreage expected to rise, soybeans to fall in 2019

Looking ahead to 2019/20 corn, the consensus is U.S. acreage will increase, but the extent of the increase is a hot topic right now. A recent survey of growers conducted by Farm Futures puts new-crop corn acreage at 90.3 million acres, up just over [...]

Corn acreage could increase next year if the trade dispute continues

Tariffs between the U.S. and China have caused soybean prices to fall relative to corn prices. This depreciation brought down the U.S. soybean-corn ratio, which is currently at levels not seen since 2012. If the trade dispute is not resolved by the time farmers [...]

Corn & soybean stocks higher, new-crop acreage lower than expectations

USDA’s initial plantings forecast puts 2018/19 corn plantings at 88.0 million acres, compared to average trade expectations of 89.5 million acres, and soybean plantings at 89.0 million acres versus 90.9 million widely expected in the market. Corn and soybean futures settled strongly higher as [...]