Jul 30, 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 Headwinds Provide a Bullish Opportunity.....

Jun 10, 2014

Corn traders took a couple of steps backwards yesterday as the so called "high-pressure ridge" that appeared out of no where late last week disappeared just as fast. The corn market also ran into some headwind as China temporarily bans the import of US DDGS. As for overall US crop conditions, it's tough to argue or complain with such nice rainfall totals and extremely nice June temperatures. I suspect the trade will try to best prepare itself today for the USDA numbers out tomorrow.  You can argue that with both corn and wheat experiencing massive breaks this past month we could see some short-side profit taking or some type of "dead-cat" bounce.                     CLICK HERE for my daily report...

Chinese Corn Auctions: There is talk inside China that they have all of a sudden decided to up the amount of corn offered in their public auction to 5 MMTs this week.  This is much more than originally anticipated. Thoughts are they maybe looking to clear out more storage to make room for this year's crop.  This leads many to believe they are "loaded up" on corn...Hence the reason for "banning" US imports.

Corn Conditions Still Looking Good: Below is a map we created in the office that shows states were crop conditions improved for the week (in green) and states where crop conditions deteriorated for the week (in red). States experiencing the largest setbacks were...TN where overall conditions fell by -7% and NE where conditions fell by -6%. Click the map to see a larger version!                     CLICK HERE for my daily report....


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