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Corn struggled to get any momentum going this week, despite having better than expected exports. Corn, like other commodities, has struggled as funds begin to reposition in a “rising interest rates” environment and a strengthening US dollar. There has not been any news out of South America that is either bullish or bearish for corn and it is likely to stay that way into next week. The prospective plantings report on Wednesday is  major and we expect the market news to be relatively calm as everyone holds their breath for next week. This report always has the potential to pull ...

Corn had a good week overall, despite the struggle of Thursday’s trade, largely supported by another strong week of exports. Improved chances of rain in Argentina and rains in the US adding to early spring soil conditions kept the bulls from running away to the upside. The markets also continue to have ASF in China hanging over them, but the less we hear about that the better as “no news, is good news.” Ethanol production hit a 12-week high in this week’s report while stocks fell for the 5th straight week. With more people driving and good blend margins for ...

Corn had small gains on the week after continuing to trade in the recent range since leveling off at the start of February. Corn had strong exports and CONAB’s crop were both bullish factors supporting the market on Thursday. Rain expectations were added to later in March for Argentina but also added to northern Brazil in the short run.  These expectations are continuing to put pressure on an already delayed harvest. Throughout the current bull run, Corn has managed to bounce when it tests the low end of its technical range.  This is  nice to see the support kicking in ...

Corn had noticeable losses this week after volatility in the markets picked back up. A disappointing, but not surprising, export report helped to keep pressure on markets. Thursday was off to a good start until about midday when the selling began to finish, well off the highs for a mixed close. Rain has crept into the northern Argentina forecast which will help a hurting corn crop. The continued wetness of northern Brazil keeps the regions harvest behind with no clear window for them to catch up/make serious progress. The May contract closed below the 20 day moving average at the ...

2020 was a notably difficult year for commodities – oil went negative, coronavirus halted trade and decreased demand, and overall turmoil in the markets sent investors fleeing. Though the first quarter was rough, commodities did their best to rally in the last three quarters of the year and did so as well as they could. So, what of 2021? Are we going to see major rallies in the grain markets with dry weather and Chinese consumption? What about the cotton markets? Are we looking for a steady year or will cotton continue to trend down? Because there’s so much to ...