Corn market awaits WASDE

Some fundamental information came out last week to drive corn futures prices, but the dominant market factor was the risk-off/risk-on trades of the speculative community. This allowed corn to drop to short-term support around $4 for the Mar-21 contract before retracing to near $4.20 [...]

South American corn harvest leads to export activity

As of Jul. 16, Argentina’s corn harvest was over 90 percent complete. Production is still forecast at 50 MMT by both USDA and Bola de Cereales. Weekly Argentine corn exports reached a calendar year high in late June of over 1.9 MMT but have [...]

Foreign competition impacting corn exports

For the week ending Oct. 17, 2019/20 corn exports of 489,040 MT were up 12 percent from the week before. Yet cumulative exports, at roughly 3.1 MMT (123.1 million bushels), were down 63 percent YOY. Primary destinations were Mexico and Columbia. Net corn sales [...]