Corn Commodity Markets, Prices & Futures
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Latest News From Corn Markets
Love is in the Air: How a 13-Acre Corn Maze in Ohio Turned Into a Larger-Than-Life Marriage Proposal
Tim Sullivan had a grand idea this spring: turn his family’s corn maze into a 13-acre marriage proposal for his then girlfriend Caroline. With the help of local farmers, his dream became a reality: flying her over the corn maze to create an epic proposal.
Jerry Gulke, president of the Gulke Group, says he was as surprised with USDA’s 188.8 bushel per corn acre yield as anyone, but their demand projections were even more surprising.
Mark Schultz, Northstar Commodity, says corn December corn closed above the $4 level on Friday and was nearly steady for the week.
USDA doesn’t survey actual fields until next month, which means Pro Farmer Crop Tour is the first time scouts, across a wide geography, will actually step into fields and see if the crop is as good as it looks from the road.
Scott Varilek with Kooima Kooima Varilek says the big losses in the cattle market on Thursday were tied to concerns ahead of USDA’s New World screwworm (NWS) announcement. Grains are bouncing on value and technical buying.
Mike Minor with Professional Ag Marketing says he’s been impressed with how well the corn market has digested Tuesday’s bearish yield and production news.
With at least four weeks left in the growing season, Ferrie encourages farmers to stay ahead of heavy disease pressure in fields, particularly in what he calls D hybrids — those that punch their yield card late-season.
Darin Newsom, senior market analyst with Barchart, Inc. says fund or managed money traders have stepped back in as the market is coming back to the reality that the grain fundamentals are bearish.
One concern cited is that USDA tends to aim too high with its August yield estimates, based on what the data shows from the past decade. The other concern is how strong demand will be, given corn carryover projections.
Chuck Shelby, Risk Management Commodities, says soybeans were higher still digesting the positive news from the WASDE report and pulled corn higher. While he thinks this is bottoming action in the soybeans but what about corn?