Corn Commodity Markets, Prices & Futures

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Latest News From Corn Markets
A recap of this week’s price action and outlook for the next 5, 30 and 90 day segments.
Mike Minor, Professional Ag Marketing, says the markets shook off tariff talk and saw positioning end of month and before first notice day Friday.
In 1960, the Minneapolis Lakers were traveling back from St. Louis on their team plane. The plane lost electrical power soon after takeoff, and flying blind, the pilots finally found a place to land. It’s that spot in the middle of Carroll, Iowa, that helped create a safe landing.
The latest data from the eastern equatorial Pacific Ocean continues to show very little reason to expect a full blown La Niña in the next few months.
Jim McCormick, AgMarket.Net, says corn and soybeans slid on possible tariffs being placed on Mexico, Canada and China. Wheat ends higher on short covering.
December might provide an opportunity. Another consideration is moving to no-till. Ferrie also addresses recouping dollars on ground that is going into solar projects.
Randy Martinson, Martinson Ag, says market reaction has been muted to possible 25% tariffs on Mexico and Canada and 10% on China on the first day of the Trump administration.
Trump’s ability to bypass Congress through executive orders provides him with a powerful tool to reshape SNAP and other welfare programs.
Mexico is making a strategic push to boost its role in global trade.
Kent Beadle with Paradigm Futures says soybeans built on Friday’s bullish reversal with talk China is looking for more U.S. soybeans. Cattle had a volatile session with a bearish Cattle on Feed Report and sorting through import restrictions on Mexican cattle due to New World Screwworm.
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