market report

Corn firmed up Friday going into the weekend, posting gains of 2-3 cents a bushel. For the week, December corn gained about 12 cents. There are a few early harvest reports circulating with mixed results. That reinforces thoughts among traders that the USDA will lower the yield estimate this year by a couple of bushels an acre from the August estimate of 176 bushels an acre...

Corn had another good day Thursday posting gains of 5-6 cents a bushel. I read on Pro farmer that the funds bought 8,000 contracts or 40 million bushels of corn. It may be some short-covering going into the USDA Supply Demand report Monday. Traders expect the USDA to lower the national average yield by about 2 bushels an acre...

Corn managed to close 4-5 cents higher Wednesday. Corn has moved off the lows set last week by about 20 cents a bushel. There was a lot of rain on the radar in the Midwest this week and traders may be starting to think maybe we are getting too much rain and it might affect yields or delay the start of harvest...

Corn traded lower most of the day Tuesday so it was a bit of a moral victory that it rallied back to unchanged. Export loadings were very good again at 57.8 million bushels. The dollar index was sharply lower but that did not really seem to help corn prices unless it kept corn from going lower...

Both corn and beans have been under pressure the last month or so. Early last spring we got a nice rally going on weather problems in South America. Brazil's second crop of corn got hurt by dry weather and Argentina's bean crop was hurt by very wet weather right when harvest was about to begin...

It was the second day in a row corn managed to close higher Friday, posting gains of 3-5 cents a bushel. For the week, December gained 3-1/2 cents. Friday afternoon Informa economics released their corn estimate at 174.8 bushels an acre. That is just slightly lower than the August USDA estimate at 175...

Corn saw one of its largest gains in quite some time Thursday, closing 8-9 cents higher. There was likely some short covering going into the Labor Day weekend. Weekly export sales were solid again at 33.9 million bushels. In addition the USDA announced a daily sale of 3...

Corn closed about unchanged Wednesday with the September contract down 2-1/2 and December a 1/4. It was first notice day Wednesday for the September contract. There was more positive demand news as the USDA announced a new crop corn sale of 10...

It was the sixth day in a row corn closed lower, posting losses of about 4-8 cents a bushel. It was also a new contract low close in all the corn contracts. The bears have been talking about $3 December futures and we are not far away. So, if that was an objective maybe we are close to the early harvest lows...

Corn did not collapse on Monday, but it was lower again with losses of 3-4 cents a bushel. Wheat did collapse and some of that selling spilled over into corn. It does feel like corn is trying to stabilize as traders are trying to figure out just how big this crop is...