Monthly archive for June 2017

COMMENTARY 6/30/17

Rain is IN the forecast……. CORN UP 11 Lots of new, news to digest!  It was first notice day for Jul futures, strong deliveries, and the report.  The report provided fresh surprises, like with acreage at 90.9 mill acres it came out 1 mill higher than expectations (instead of being lower at 89.7) and […]

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COMMENTARY 6/29/2017

N KS, N MO, E IA, NW IL, and WI got some mush needed accum.  SD got some slight sprinkles but after today its HOT/DRY!  Good rains are forecast with decent coverage of 1.5” to 3.5” of accum are expected for the majority of the Corn Belt.  The E Plains and Delta are […]

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COMMENTARY 6/28/17

Looks like the warm/moist air won the fight (at least for now) as three significant systems move across the Central US.  Good rains with decent coverage of 1.5” to 3.5” of accum are expected for the majority of the Corn Belt.  The E Plains and Delta are expecting 1” […]

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COMMENTARY 6/27/17

Dry and Cool/wet  air masses battle it out for the Midwest this week. CORN UNCHANGED Yesterday’s Crop Ratings didn’t improve as much as the market expected. The NW belt, as well as some states in the E (IN) are rated below that of last year’s with some as much as […]

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Commentary 6/26/17

CORN Up 1 1/4 corn was up a little today based on the warmer temps and lack of significant rain forecasted. also a head of tomorrow’s report, corn acres are slightly down.   BEANS Up 2 1/4 funds appeared to be sellers today which held beans on […]

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COMMENTARY 6/23/17

CORN DOWN 5 We’ve gotten down to levels now that we haven’t seen since Sep 16.  Mild weather this next week but showing rain accompanying heat starting in July.  The NW corn belt has been drawing on their subsoil moist with below normal precip the past month.  Next week’s rain […]

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COMMENTARY 6/22/2017

CORN DOWN 6 Fund selling and pressure again from our non-threatening forecast.  Funds were sellers again today of some 13 k contracts. Cool temps, so far, have negated concern over our lack of subsoil moisture. We still need timely and consistent rains through the HOT, dog days of July and as we get […]

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COMMENTARY 6/21/17

CORN DOWN 1 Your Funds were sellers of an est 6,000 contracts today.  Weather models are increasing moisture chances and reducing temps especially several weeks out.  Overall,  the forecast looks good as corn nears pollination. In SA, the Argentine government has ordered their striking longshoremen to suspend the stoppage for 15 […]

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COMMENTARY 6/20/17

CORN DOWN  5 Rains relieve crop stress.  Crop Conditions yesterday were just a point below trade expectations. The excellent category was up 2 while the “Good” category was down 2.  A reason to be bullish??  –> A look at a 30 day moisture graph shows MOST of the Corn Belt in the Very Short […]

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COMMENTARY 6/19/17

CORN DOWN  9 Weekend rain was as expected and coverage on the Corn Belt. The next forecast shows chances for rain largely dependent on the path of the tropical system building in the Gulf.  Rain is still needed in many areas like N IL and IA.  Cooler temps this weekend and then warmer next […]

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