Corn futures were trading higher last Friday but are still in a consolidation pattern. The market will await a breakout as an indication as to whether the bullish trend can continue. For such direction, tomorrow’s WASDE report will be scrutinized as well as weather [...]
Last week brought relaxation in corn futures after the previous week’s volatility as the funds appear to have broken a bit. Mar-21 corn futures closed the week lower by about $0.06 per bushel at $4.205. Trade activity may also be positioning ahead of Thursday’s [...]
According to the last WASDE report, 2018/19 U.S. corn ending stocks are projected to decrease 23 percent compared to the year prior. However, this a very preliminary number, as corn yield could completely change the dynamic of this market. There is talk of corn [...]
