Corn
John Heinberg of Total Farm Marketing says funds sold across the grain complex pushing corn to new contract lows again. Corn saw pressure from historically high crop ratings and record yield estimates.
Brady Huck with Advance Trading, Inc. says corn continues to grind into new contract lows with a strong crop rating of 73% good to excellent on Monday and StoneX’s record 188.1 bushel yield forecast.
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Nebraska grower Brian Herbek says a ‘finishing pass’ can help fill corn ears all the way to their tips with kernels and pack on more starch in the process. Hear more of Herbek’s insights along with David Hula and Randy Dowdy on Breaking Barriers With R&D.
Tommy Grisafi with Nesvick Trading Company says soybeans and meal both saw a short covering bounce after a long string of lower days, while corn made more contract lows.
So far pollination and disease issues are being discounted by the corn market. The key to how low prices could fall is dependent on just how much above 181 the corn yield is and will it show up in the Aug. 12 WASDE ?
If tariffs prove inefficient, a positive EPA result — or even an executive order — will do.
Brad Kooima of Kooima Kooima Varilek says cattle futures started higher early Monday on the heels of record cash. Grains tried to bounce but may have a tough time holding any gains with favorable weather, big yield ideas and trade uncertainty.
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Bryan Doherty with Total Farm Marketing says grain markets were lower on Friday and for the week with pressure coming from non-threatening weather, big yield ideas as well as trade concerns tied to tariffs.