Corn has been something of an interesting trade as of late. Prices have been fairly volatile but within a pretty defined wider range. We could roughly call this range 365-410 with reference to July prices. Looking back even farther, last year’s peak price only topped out at 417. Of course, Read more…
One of the most interesting things that needs to be addressed is the crop conditions reports. Despite getting weekly good/excellent ratings consistently below last year in corn, the USDA is currently forecasting a new record yield. Why? I don’t think this is a question with a simple answer. It could Read more…
The USDA on Thursday reported an average corn yield of 175.4 bushels per acre, up 3.6 bpa from last month and up .8 bpa from last year’s previous record yield. This left a lot of traders and farmers confused as the reports from the field all year was suboptimal weather Read more…