Market Analysis
Get ready for a big move in corn prices. USDA’s June Grain Stocks report comes out tomorrow morning, and it tends to swing the market.
If the ethanol subsidy is eliminated as some in Congress are calling for, corn stocks-to-use could increase, potentially putting modest pressure on corn prices.
Following Thursday’s USDA reports, the market was full of action. Jerry Gulke says Friday was a wild trading day and that farmers are feeling the lure of $8 corn.
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
End users struggle to balance old-crop supplies with aggressive demand
Fasten your seatbelts as this week may only prove to be a precursor for what we should expect this spring and summer.
Corn stocks are tight, demand is staying strong, and competition for acreage is tough.
While not bearish on soybean prices, Kevin Van Trump says cotton and corn prices look to have more positive demand.
The basis on both corn and soybeans has widened over the past couple of months, depressing cash prices on both corn and soybeans.