Corn producers across the country are scratching their heads and second-guessing why they didn’t sell or price more new crop corn when the December futures were around $4.00. With a low, narrow range over the past few months, they are trading near contract lows now of just below $3.50. Following is the December corn futures chart:
There are many reasons why producers didn’t sell much (if any) new crop corn ahead of the harvest, including:
No one believed the corn yield could equal or even approach last year’s record. Weekly good-to-excellent crop ratings were consistently 10-14 percent below last year’s record ratings. Growers in some key parts of Iowa and Illinois went for more than six weeks with hi...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
