The grain markets followed soybeans higher Friday. Little fresh news concerning corn emerged Friday, although strong export demand was rumored. Still, grain market bulls were clearly encouraged by the big soybean sale announced this morning. The strong U.S. Employment report was also encouraging, but the fact that it sent the …
The grain markets followed soybeans higher Friday morning. Little fresh news concerning corn has emerged this morning, but grain market bulls were clearly encouraged by the big soybean sale announced this morning. The strong U.S. Employment report was also encouraging, but the fact that it sent the dollar to fresh …
The export sales data spurred Thursday corn gains. The corn market’s flat Wednesday night performance suggested traders were awaiting the weekly USDA Export Sales report with bated breath. The actual result, at 1,170.6 tonnes easily exceeded industry expectations and apparently sparked a big bullish response. March corn futures rallied 7.75 …
The export sales data spurred Thursday morning corn gains. The corn market’s flat Wednesday night performance suggested traders were awaiting the weekly USDA Export Sales report with bated breath. The actual result, at 1,170.6 tonnes easily exceeded industry expectations and apparently sparked a big bullish response. March corn futures rallied …
News of a corn sale to Mexico seems to be supporting CBOT futures. The USDA’s daily reporting system indicated that U.S. firms had sold 196,000 tonnes of corn to Mexico for delivery next year. That news seemingly offset the weather and currency driven losses suffered in overnight action. March corn …
Corn futures continued to creep up with a few cents higher or so Wednesday morning. Slow farmer selling was resulting in firmer basis as the cold weather spurs domestic feed demand. At the same time demand from ethanol plants is rising as well. But export demand is still sluggish. News …