Blog

Corn has continued its rally as the bulls seem to have their mojo back following a time where they could have been uneasy. Despite the disappointing export report, corn was able to keep the momentum going Thursday. This week's weather week will slow down harvest and could cause issues for what is remaining in the field. Higher basis has been seen across most of the country as a lack of available corn continues to put pressure on elevators while ethanol plants are running on great margins and can afford the basis. Going forward it will be interesting to watch how ...

The Hedged Edge is back, and we're jumping into the thick of the commodity markets with RCM’s own King of Cotton – Ron Lawson. Cotton prices have exploded since the COVID crash, rising more than 236% from the March 2020 lows. While prices have backed off from the October 8th high, cotton is one of the purest supply + demand-driven markets around the world and has caught fire along with the global inflation bug currently running rampant across many commodity markets. Will it be hedge fund influence in cotton that costs consumers more this Holiday season or will the continued ...

Corn has seen a good rally since the lows that came after the report. Due to the world energy values falling, corn is still well above where it was last week, despite the pullback on Thursday. Rain in the eastern corn belt that was expected to slow harvest coming up has turned a little drier but still present. The rains this week will further deteriorate the already poor-quality plants. The yields were coming in better than expected in some areas the first half of harvest, but we should expect them to be lower in the second half.. NOAA on Thursday ...

Corn had been in neutral heading into the October 12th USDA yield report, seeing bearish numbers. The report raised yield to 176.5 bushels per acre, slightly higher than the report last month. U.S. ending stocks and world stocks were both raised while also raising exports, lowering feed and residual use. The somewhat disappointing yields in the eastern corn belt were offset by better-than-expected western corn belt/plains yields. Demand looked to be lowered due to the continued export issues out of New Orleans since the hurricane, and a record crop in China won’t require them to import as much. The season-average ...

Corn took it on the chin upon the release of Thursday’s USDA report before bouncing back to finish only slightly lower on the day, but still up on the week. The report may have left more questions than answers hanging around as they raised ending stocks, but as we mentioned last week, the current basis and cash markets hint there may be less corn out there than the USDA believes. Corn stocks came in at 1.236 billion bushels, which was higher than the average estimate going in. Harvest was 18% done at the start of the week, and further progress ...