Apr 17, 2014
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Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Corn Rally Eyes USDA Report....

Jan 07, 2014
Corn trade catches a small tailwind after posting its most recent low this past Friday, I simply question it's sustainability. Many seasoned veterans, including myself, are not only worried about how much larger the US corn crop will be after Friday's USDA report, but also how big of a cut the USDA will make to the corn "feed and residual" number. Yes, feed, ethanol and export demand are ALL better than last year, but I am afraid it won't be enough to offset the record production of over 14 billion bushels! If this isn't enough to make you nervous how about the fact in 5 of the past 7 years the corn market has moved it's LIMIT following the USDA's Jan report.
Bottom-line, with the amount and importance of the data coming our way Friday afternoon I suspect more short-covering and more players moving to the sideline ahead of the report. Despite the upside movement associated with swimmers jumping out of the pool, producers should continue to keep hedges in place. Friday afternoon could be a wild one! Click here for my daily report.... 

 

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