Corn

Time is running out for USDA to issue economic relief payments to farmers in the 90-day window set by Congress. According to some sources, producers are banking on the payments, even making business decisions based on projected payment calculations.

Brad Kooima, Kooima Kooima Varilek, says grains are weak on more tariff talk. Cattle opened strong with the slightly friendly numbers in the Cattle on Feed Reported Report and a possible cash bottom forming.

EPA’s said its decision underscores its commitment to maintaining consumer access to E15 while ensuring a smooth transition for refiners and fuel suppliers. Administrator Zeldin highlighted ongoing efforts to collaborate with all stakeholders to maintain an affordable and stable fuel supply.

Jerry Gulke, president of the Gulke Group, thinks the corn market may just be taking a pause to refresh and he hasn’t changed his bullish stance. “I’m willing to have some patience,” he says.

Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fell heading into the weekend on profit taking and technical selling, plus lower crude oil and a higher dollar.

About 45% of U.S. corn production acres and 36% of the soybean ground are dry. The western Corn Belt needs moisture, in particular. A big, wet snowstorm could help, says Eric Snodgrass.

Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking after a higher day yesterday.

Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.

Matt Bennett, AgMarket.Net, says corn made new highs for the move with the March contract reaching a high of $5.04 1/2 before reversing and ending lower on the day. The key is was it topping action?

Naaman Cullers, 19, has inherited the competitive genes of his yield-legend dad, Kip Cullers.