A macro (big picture) outlook on commodities has proven beneficial for me to keep my year-ahead outlook in perspective using the futures markets as a precursor. The two years ago, I focused on “the ...
Today, March Corn settled at 4.20 ¼, dropping another 1 ¾ from Wednesday’s close. Today’s high at 4.25 matched yesterday’s, which some folks might call a tweezer or a double top. I would normally look ...
I highlighted the price weakness in my October 21 Q3 Barchart report on the grain sector, concluding with: At the current levels, prices have limited downside potential, while the upside could be ...
The January U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report provided a friendly surprise for corn futures thanks to a lower-than-expected yield cut. The lower ...
Corn and soybean futures prices have been trading in a relatively lackluster price pattern for much of the month of May. Naomi Blohm. (Courtesy photo.) Heading into the month of June, there are many ...
While it’s impossible to know for certain, the following provides some historical insight.The chart below shows which calendar month, in the year the crop was grown, that the December contract hit its ...
USDA’s latest World Supply and Demand Estimate report predicts corn production at 16.7 billion bushels, “which if realized would be the highest production for grain on record for the United States.” ...