Below you'll find a list of all posts that have been tagged as “December corn futures”
Pro Farmer crop tour numbers are well absorbed into the trade now as well as the weekly crop updates. Bottom line analysts suggest moving December corn futures higher will need new data. But traders may have to wait until USDA’s September 11th crop report to get that data. USDA is sending out crop scouts right now. They’re doing their infield …
Well, you might say the grain trade is taking yesterday’s production numbers with a grain of salt. Already looking forward to this September report on the 11th. Yesterday’s report was based on farmer surveys. Surveys that were returned anyway, and satellite data. Now, in the coming weeks, private crop scouts and USDA teams will be heading to the fields and …
The Federal Reserve Board concludes their two-day July meeting a week from today, with no move expected in interest rates. CME FedWatch Tool shows an 83% chance the Fed will leave rates unchanged, still a 17% chance of a small rate hike. Now, the Fed doesn’t meet in August. CME, though, is looking for some action at the September 15th-16th …
Weather forecasts front and center in the grain trade here at midweek, but U.S. and European weather models disagree going forward. Bottomline grain analysts suggest that commodity fund traders have been looking for any reason to go long in this market, and weather was the reason this week. Now, there’s a catch. European weather models show a hot, dry August …
Our partners at Commodity Weather Group released a report recently that projects dates at which the corn crop will reach 50% pollination. Commodity Weather Group’s report is based on planting dates, accumulated growing degree days, also factoring in current 15- and 30-day weather forecasts. The report shows the bulk of the nation’s corn crop, basically anywhere north of Interstate 80, …
