Corn Commodity Markets, Prices & Futures
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Latest News From Corn Markets
Grain and livestock futures all end lower in a risk off day according to Rich Nelson of Allendale. What triggered it and is this topping action in the grain markets?
Guard X is applied in-furrow and provides an alternative to traditional insecticides used to combat corn rootworm.
Higher exports of livestock and dairy, as well as increased ethanol sales largely offset reductions in grains and feeds, oilseeds and horticultural products.
One report says heat unit thresholds for the pest to develop have been met/exceeded in parts of states such as southeast Kansas, central Missouri, central/southern Illinois, central Indiana and western/central Ohio.
Live cattle mixed early digesting last week’s record cash but will eventually make new contract highs says Brad Kooima of Kooima Kooima Varilek. Hogs try to bounce. Corn and soybeans struggle with planting progress.
Wheat makes new highs for the move and then ends well off its highs. DuWayne Bosse, Bolt Marketing, says the trend is still higher but the bull will need to be fed with more bullish news to keep going.
President Joe Biden said if he is re-elected, he will let former President Donald Trump’s tax cuts expire. He wants big increases/changes. . .
Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.
Row crop planting has picked up considerable steam over the last week with corn acres now at 80% complete and soybeans at 68%. Both crops are ahead of the five-year average.
Argentina is on track to start long-awaited corn shipments to China from July, the country’s grain export chamber told Reuters.