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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Midday Report 06/19


After dipping in overnight trading, corn futures resumed their early-week rally Wednesday morning. General supply tightness is probably offering support despite news of diminished ethanol industry production last week and forecasts for favorable growing weather during the days and weeks just ahead. However, persistent problems stemming from the late start to plantings and excessive moisture seem likely to limit the harvest and render the crop vulnerable to summer heat. In fact, a Memphis-based firm lowered its estimates of U.S. acreage this morning, which probably supported prices as well. July corn climbed 4.75 cents to $6.78/bushel Wednesday morning, while December surged 7.25 cents to $5.5775.
Market Info

Key Reports

USDA lowers projected corn production, yield

06/12/2013 11:05:00 AM

The outlook for 2013-2014 U.S. feed grain supplies is lowered this month as delayed plantings reduce... Read more.

Corn conditions on par with 2012

06/10/2013 3:30:20 PM

The majority of corn has been planted and emerged, shifting attention to conditions and soybean planting. The... Read more.

Exports: Corn sales climbing

06/06/2013 10:00:00 AM

Corn net sales reversed its course this week, climbing 25 percent to 107,200 MT for 2012-2013, according... Read more.

Exports: Corn sales slip again

05/31/2013 9:09:16 AM

Corn net sales continued to drop this week, dipping 18 percent to 85,700 MT for 2012-2013, according... Read more.

Farmers scramble to plant corn, soybeans

05/28/2013 3:46:51 PM

Foul weather retuned over the weekend across much of the Corn Belt, forcing farmers to scramble in... Read more.

Exports: Corn plunges 52 percent

05/23/2013 9:24:16 AM

The USDA reported corn net sales of 104,600 MT in its latest “U.S. Export Sales” report... Read more.

Exports: Corn up 90 percent from last week

05/16/2013 8:25:00 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 219,900 MT for 2012-2013... Read more.

WASDE: Corn yield adjusted lower

05/10/2013 11:07:53 AM

U.S. feed grain supplies for 2013/14 are projected at a record 400.5 million tons, up 25 percent from... Read more.

Exports: Corn sales plummet 65 percent

05/09/2013 9:43:10 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 115,800 MT for 2012-2013... Read more.

Fickle weather slows corn planting…again

04/29/2013 3:11:13 PM

Farmers across much of the Corn Belt are still waiting for a stretch of dry, warm weather to give... Read more.

Crop markets exhibit considerable strength Thursday morning

04/25/2013 11:20:21 AM

Corn futures rose Thursday morning despite disappointing results on the weekly Export Sales report.... Read more.

Exports: Soybeans plummet to marketing year low

04/25/2013 8:23:13 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 314,700 MT for 2012/2013... Read more.

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