market report

It was again fairly quiet in the corn market Friday as corn closed up a fraction to a penny. Yield reports continued to circulate at or below expectations, sometimes 10-20 percent below. The yields are very good, just not an all time record by a substantial amount...

Again Thursday corn saw a narrow range and light trading activity, closing 2-3 cents lower. It was encouraging that corn was able to close about 2 cents off the daily lows and there is a inverted head and shoulders formation that indicates December corn could rally to about $3...

It was quiet again in the corn market Wednesday. December corn had a range of only 3 cents and closed down a half. There are a lot of yield reports circulating on the websites from farmers that yields are down 10-20 percent. Just a 5 percent reduction from the USDA estimate of 174 would put the yield this year at 165 bushels an acre...

Tuesday was the fourth day in a row corn managed to close higher, with gains of about 3 cents a bushel. Also encouraging was that December corn closed about the 50-day moving average for the first time since June 21. In the crop progress report, the USDA said corn harvest was about 10 percent...

Corn did trade higher in the overnight session but gave back most of the gains in the day session to close a fraction higher. Weekly export loadings were good again at 50.6 million bushels. In addition, the USDA announced a daily sale of 191,000 MT of corn for the 2016-17 season was sold to Mexico...

Corn closed out the week Friday on a positive note with gains of 6-7 cents a bushel. December closed above the 21- and 40-day moving average, but the 50-day moving average acted as overhead resistance and corn could not break through. The weather forecast for most of the Midwest continues to call for heavy rain...

Corn saw a fairly tight trading range again Thursday and closed at the lower end with losses of 2-3 cents a bushel. Weekly export sales were called disappointing at 703,500 MT for 2016-17 and 21,100 MT for 2017-18. The National Weather Service forecast is calling for above-normal temperatures and normal to above-normal precipitation...

It was fairly quiet in the corn market Wednesday with corn gaining 2-3 cents a bushel. The September contract went off the board quietly up 1-3/4. December corn has had a tight 15 cent trading range since the middle of July. Wednesday we closed right in the middle of the range at $3...

It was a tough day for corn Tuesday, closing down 9-10 cents a bushel. We held well Monday after the USDA did not lower the corn yield estimate as much as expected but we really dropped Tuesday. The dollar index was up about 50 points and that did not help but all the ag commodities were under pressure in a kind of "risk off" mentality...

Even though it was report day it was quiet in the corn market as corn closed down 1-2 cents a bushel. The report was slightly negative as the USDA did not lower the national average yield as much as traders expected. The USDA estimated the national average yield at 174...