Corn Commodity Markets, Prices & Futures
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Latest News From Corn Markets
Block out time for crop scouting so you don’t neglect it. Any management and time you lavish on your corn crop as it goes through the pollination period is time well spent, says Ken Ferrie, Farm Journal Field Agronomist.
Bryan Doherty, Total Farm Marketing, says corn and soybeans try to bounce as they are technically oversold and with a 2% drop in crop ratings, wheat tries to follow but fails.
The Iowa Department of Agriculture reported another dairy herd infected with H5N1, making a total of six herds infected in the state.
Grain markets were sharply lower on Monday on fund selling and improved extended weather forecasts for the Eastern Corn Belt says Kent Beadle, Paradigm Futures
Grains were sharply lower on fund selling, but row crops were also pressed by extended weather. Kent Beadle, Paradigm Futures, says technical damage has been done on grain charts. While livestock saw consolidation.
Members of the National Oilseed Processors Association (NOPA) crushed 183.6 million bu. of soybeans during May, 5.2 million bu. more than the average pre-report estimate and a record for the month.
Chuck Shelby, Risk Management Commodities, says grains will be watching weather and gearing up for the USDA Acreage and Quarterly Stocks Reports in the week ahead.
A lackluster WASDE report had the same effect on the markets this week. Jerry Gulke, president of the Gulke Group, doesn’t think there’s going to be a whole lot of change in acreage in USDA’s report at the end of June.
Chuck Shelby, Risk Management Commodities, says grains end lower. Row crops see profit taking, with harvest pressure in wheat. Cattle made new near-term highs pushed by record cash, hogs bounce.
The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.