Imports and Exports
Find out what the big news could be with Wednesday’s Crop Production and WASDE reports.
See the data, read the biggest news and listen to analysis of today’s Crop Production and WASDE reports.
Even though the May corn contract closed down 13 cents/bu. Friday, the price is still nearly a dollar higher than it was just 10 trading days ago, says Jerry Gulke, president of the Gulke Group.
Bull spreads in the corn market got too wide this week, says Jerry Gulke.
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
Corn stocks are tight, demand is staying strong, and competition for acreage is tough.
The slowing pace of soybean exports and export sales suggest that the rationing process has been completed.
While not bearish on soybean prices, Kevin Van Trump says cotton and corn prices look to have more positive demand.
In one stroke of the pen, in yesterday’s Grain Stocks report, USDA took care of the tight-stocks issue that has carried the market since June.