The recently introduced “Next Generation Fuels Act” is drawing praise from a wide range of stakeholders, including the Renewable Fuels Association (RFA) which called it “the beginning of an exciting new era in transportation fuels policy.” Introduced by Illinois Representative Cheri Bustos, the bill would establish a high-octane, low-carbon fuel requirement that aims to boost …
I’ve heard a lot of talk this year that looking at corn from the cab of the truck is lot different than what is being seen out in many fields. With such variability, it will be interesting to see how close early yield estimates come to matching what is actually harvested from the field. Of …
Getting a Fairly Accurate Estimate of Corn Yield Prior to Harvest Read More »
CORN bears are pointing to prices pulling back -30 cents in just the past couple of weeks despite bullish buying from the Chinese. There seems to be more and more talk inside the trade of the U.S. average yield working itself higher and perhaps pushing to a new record north of +180 bushels per acre. …
Corn bulls will be trying to hold some of yesterday’s gains. Perhaps increased Chinese buying and a bit of stabilization in crude oil can stop or slow some of the bleeding. I continue to hold a very small bullish position but have prepared myself mentally for the price to drop to sub-$3.00 per bushel. Many …
Why I Continue to Hold a Bullish Position in Corn Read More »
CORN traders will be positioning ahead of tomorrow’s USDA report. Most inside the trade are thinking corn ending stocks move higher as ethanol demand faces serious concerns. POET made a formal announcement that it will idle production at three plants and will delay the opening of a new plant. Collectively the cutbacks are thought to …
Corn Under Pressure as Ethanol Demand Faces Serious Concerns Read More »
I’ve been on a ton of calls this week and many in the ag space are rightfully worried. If prices remain at these levels or perhaps even lower, many farm families will find themselves in dire financial circumstances. The complications of coronavirus along with the fallout in crude oil has created a dangerous one-two punch …
Coronavirus and Crude Oil Casting Dark Clouds Over Farm Income in 2020 Read More »
CORN bears have taken some massive swings as of late. Not only is flat price down roughly -10% in the past 30-days and down roughly -15% in the past couple of months, but the basis in many locations has gotten completely hammered as ethanol collapses. Several areas have witnessed a very dangerous -$1.00 per bushel …
Coronavirus Continues to Complicate the Big Picture for Corn & Soybeans Read More »
Corn bulls are really feeling the pressure from the fallout in the outside macro space particularly the negative headlines associated with crude oil and now massive demand uncertainties. I continue to hear talk that there will be serious bloodshed and carnage in the ethanol sector. I suspect several plants simply don’t make it out of …
Coronavirus Fallout is a Heavy Burden for Commodity Bulls Read More »
Traders are gearing up for U.S planting season. Bulls are pointing to overly wet conditions and the possibility of extreme flooding in many parts of the U.S. Traders are specifically keeping a close eye on the banks of the Mississippi River in parts of Illinois and Iowa, as well as the Red River and Sheyenne …
Weather Concerns Take Back Seat to Coronavirus, Oil Rout Read More »
Corn traders have all eyes on the USDA Ag Outlook numbers. The trade seems to be looking for a planted acreage number between 93 and 95 million with an average yield of around 176 bushels per acre and total U.s. new-crop production north of 15 billion bushels. If you want to compare the numbers from …
