Your link to January Crop Tour
Jan 23, 2012
Chip Flory
From The Editor
Jan. 20, 2011
Hello Pro Farmer Members!
It was another active week in the corn market, but it took until the final minutes of today's trade to get old-crop corn futures back above the limit-down close posted Jan. 12 following USDA's January reports. And it took a lot of spread action too -- old-crop corn demand is looking "firm" again, but Informa Economics' estimate that nearly 95 million acres will be planted to corn in 2012 pushed Dec. 12 futures lower. So... tight (and maybe getting tighter) old-crop supplies against the increasing promise of new-crop supplies. The result was a big move in the old-crop/new-crop spread.
Adding to support in old-crop corn is continuing concern over the South American corn crop. We've got plenty of insight into corn and soybean production in Argentina and Brazil in the January issue of our Crop Tour newsletter. The newsletter is plenty of extra reading for now -- so...
That's it for this week... We've got Profit Briefing Seminars in Sioux Falls, SD, on Jan. 24 and to Owatonna, MN, on Jan. 25. You can follow this link to get more information about the Profit Briefings, or give us a call at 1-800-772-0023.
