Market Analysis
Grain and soy futures markets collapsed today, but analysts think this will turn out to be just one of the down days in continued volatile markets.
Corn open interest climbed to another record high as outside money continues to flow into the most solid of grain markets.
Explosive is the best way to describe the corn market this week following Thursday’s March 1st Stocks and Prospective Plantings report.
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.
Will these changes decrease or increase market volatility?
Don’t hold your corn and expect a basis gain to pay for storage, because it’s unlikely to happen.
The grain markets were in a tug of war this week between declining yield ideas in corn and late week economic concerns.
What will be this year’s actual harvested acreage, and how will weather affect yields on those acres?