Will Corn Prices Rally on Lucky Sixes?

November 24, 2015 12:00 PM
 
Will Corn Prices Rally on Lucky Sixes?

Corn producers, don’t lose heart: 2016 might be the year you see a price rally, judging from the past 100 years of markets data.

“Looking at corn, years ending in a ‘6’ do tend to see a rally,” says Sue Martin, Ag and Investment Services, in an interview with “AgDay” host Clinton Griffiths. “This last year, I thought we’d see an EKG blip, mainly because of the fundamentals we had stacked up. This coming year, it’s going to last more than a month. I think the rally when it starts will ebb its way. June does not show up as a month for a high, it’s July or August or September.”

In fact, two such years saw rallies that lasted through the second half of the year and “went on into expiration that way,” Martin points out.

“The other years, one thing that really stood out on this study was that the preceding fall, corn’s doing every bit of what it ought to be doing—a flat, sideways, declining market into November and December,” Martin says. “One year, we did make a low in January right after the turn of the year, and then one year it happened in April and then of course that shoved that high out into September. I think there’s hope for these farmers out there that there is going to be something a little better.”

Click the play button below to watch the complete interview with Martin.

Back to news


 

RELATED CONTENT

Comments

 
Spell Check

jim
Webster City, IA
11/24/2015 07:54 PM
 

  wish Sue would have been standing, the old joke in ia is dress above the knee-market up. below the knee-market down.Lets hope she had a miniskirt on.JMO

 
 
Virgil murdy
Bigelow , MN
11/24/2015 02:52 PM
 

  Ms. Martin is just reporting a historical market fact. If this is confusing to you Errie and jack you should probably stay away from commenting on such things. Have a good day.

 
 
JDACRES
Alexandria, MN
11/24/2015 05:34 PM
 

  Nothing much will happen until we find out acres planted and starting yield.... Then wether the spring planting is late or early... Then if it is a dryer spring or wet... Then wether producers sell a bunch or just enough.... Then then then..... :)

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close