Corn Commodity Markets, Prices & Futures
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Latest News From Corn Markets
John Payne, Hedge Point Global Markets, says, “The intension for the farmers here isn’t always coming through with the USDA realities and I think they’re going to show corn acres closer to 92 to 93 million.”
After a sharp increase in the food price outlook last month, USDA trimmed its forecast this month.
Grains gear up for end of quarter and USDA reports, while cattle react to the bearish placements in Friday’s USDA data. Kent Beadle, Paradigm Futures, has more.
Oliver Sloup, Blue Line Futures, says the USDA Ag Outlook Forum set the benchmark showing a nearly 4 million acre increase in soybeans and 3.6 million acre decrease in corn. So that is already priced into the markets.
Markets closed mixed Friday, evidence of end quarter profit taking by the funds says Oliver Sloup, Blue Line Futures. He thinks they may continue that action ahead of reports and an uncertain growing season.
Costs are the main obstacle to increasing the use of sustainable aviation fuel (SAF), Exxon Mobil Senior Vice President Jack Willams said Friday.
A recap of the week’s price action with outlook for the next 5, 30 and 90 days.
The March Ag Economists’ Monthly Monitor found nearly 80% of those surveyed say soybeans pencils better than corn this year, but economists still increased their corn acreage projections slightly in the latest survey.
Grains fall on weather, but what else is behind it? Does the reversal in cattle mean anything? And will gold & the DOW continue to make new highs & what does it mean for ag markets? Darin Newsom, Barchart, has more.
Grains end higher with livestock mostly lower. Brad Kooima, Kooima Kooima Varilek, says markets are seeing end of month and report squaring.