Chart of the Day – May Corn

Jeff FosseGeneral Commentary Leave a Comment

The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Corn (Daily) May Corn closed at 5.15 ¾ today, up 7 cents since Friday’s close.  Today’s trade took out the congestion/consolidation space that’s been building over the 2-3 weeks and would indicate the beginning of another bullish push …

Chart of the Day – December Corn

Jeff FosseGeneral Commentary Leave a Comment

The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 10, 2025 December Corn (Daily) December Corn closed at 4.71 ¼ today, up 5 ¼ cents on the day.  After opening last night below Friday’s low, prices rallied throughout the session, closing above Friday’s high, posting a Bullish Engulfment on the …

Charet of the Day – March Corn

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 27, 2025 March Corn March Corn settled down 4 ½ cents on Monday, closing at 4.82.  Last week saw Corn prices touch 4.94 ½, their highest level since May 29th of 2024, setting the weekly high last Thursday.  Friday was a …

Chart of the Day – March Corn

Jeff FosseGeneral Commentary

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

Steve DavisGeneral Commentary, Grains

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

Jeff FosseGeneral Commentary

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

Sean LuskGeneral Commentary

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

Jeff FosseGeneral Commentary

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

Jeff FosseGeneral Commentary

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

Jeff FosseGeneral Commentary

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 …