Corn
Last week Jerry Gulke, president of The Gulke Group, predicted the highs had been made in the grain markets on May 13. After reading the White House fact sheet on the China trade framework, he says he hasn’t changed his mind.
Mike Castle of StoneX says corn and soybeans added some war premium on Friday but are trading under recent highs. What could trigger a rally to retest those prices?
Scott Varilek with Kooima Kooima Varilek says the pressure came from fund long liquidation and was continuing on Friday with significant chart damage done.
Agronomists explain why nitrogen must be present in the root zone well before the crop’s daily demand peaks.
Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?
The company commits to a seven-year ban on restrictive provisions to foster competition in the corn and soybean markets. The settlement highlights a deepening partnership between federal antitrust regulators and agricultural authorities.
Mark Schultz with Northstar Commodity says the market was skeptical about the lack of specifics in the framework before China denied the purchase amounts.
Farmers might have wrapped up planting at a rapid pace this year, despite cool temperatures and frost concerns, but high fertilizer costs discouraged some from switching soybean acres to corn.
Data shows late-planted corn can “cheat” the clock with GDU acceleration, making the case for holding the line on your original hybrids for now.
Corn and soybeans face pressure from China trade doubts, fast planting and lower crude oil. Meanwhile, rising interest rates signal inflationary fears.