The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 14, 2025 March Corn March Corn futures closed at 4.74 ½ today, down 2 cents. Last Friday, just 2 trading days ago, the USDA “finalized” the current crop, with the release of the January WASDE. In that report, fuel was given …
Corn Forecast 2025
Will demand push corn prices higher in 2025? At near $4.40, the 2025 price of corn futures appears to be near or below the cost of production. The National Corn Growers Association, using the USDA cost of production forecast for corn and the 181 bushel per acre yield projection, estimated the average cost of production at $4.80 per bushel for …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 6, 2025 March Corn March Corn started this week gaining 7 cents to close at 4.57 ¾. This will be (almost) the first full week of trading since the week before Christmas. I say “almost” because we’ll lose a little over …
SPECIAL REPORT: CORN AND BEAN HEDGES 1ST QUARTER 2025
Soybean prices in 2024 collapsed on increased global production amid reduced demand for US origin that saw China increase their dependency on Brazilian origin leaving the US as a second or third port of origin for meaningful export. US exports into China hit a four-year low this past year per USDA. As of this post bean prices are down 25 …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 19, 2024 March Corn closed up 3 ½ cents today, at 4.40 ¾. Overflowing pressure from the rest of the Grain complex pushed prices lower on Tuesday and Wednesday, to my eye, as both Soybeans and Wheat have set new contract …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 9, 2024 March Corn As we start off this week, March Corn settled up 1 ¾ cents, at 4.41 ¾. Monday’s settlement was the highest since Friday, November 8th. Traders are looking forward to tomorrow’s 11 AM CT release of the …
Chart of the Day – January Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 4, 2024 January Soybeans January Soybeans settled the day down 8 cents at 9.83 ¾. Uncertainty over “Trump Tariffs” and what they may, or may not, do to or for US Ag business has market participants on edge. The weather in …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 2, 2024 March Corn As we start the last month of 2024, March Corn settled the day down ½ cent at 4.32 ½. November saw prices gain by 7 cents, compared to October, but 5 cents of that gain came on …
Harvest Pressure
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Corn and soybean markets are lower again today as dry weather allows for harvest to rapidly move forward in the U.S. Favorable rains are finally falling on many dry areas in Brazil adding to the …
Soy and Corn Market Commentary
Commentary: SOY: The soy was quiet overall, the meal was weaker. The market is watching the weather this weekend. The Pro Farmer tour released their estimates and estimate the US soy yield 8/10ths lower than the last USDA number. This is not overly significant in my opinion. However, if the weather remains dry the last week of the month, and …