The 1993 growing season featured excessive rainfall throughout much of the country. It’s interesting to note some of the similarities between the 1993 December corn chart and the December 2015 chart. Past performance is not indicative of future results!
The Midwest and portions of the US Plains have seen excessive rainfall during the past few weeks. More rain is on the way according to this morning’s forecast: 7-Day Precip Forecast
Joe Vaclavik was a guest of CME Group on the June 10th USDA panel:
Standard Grain Morning Update 6.10.15
The July corn contract was able to bounce off of long-term trend channel support earlier this week. Stochastics signaled a “buy” earlier this week. The trend-channel pictured remains operative.
Joe Vaclavik was a guest on this week’s edition of Commodity Week… http://will.illinois.edu/commodityweek/program/commodity-week-may-21-2015
Usage of US corn during the 15/16 marketing year is projected to be record high. This is a simple reminder that low corn prices are not a result of poor demand.
Morning Grain Update, 4/21/15
Joe Vaclavik was a guest of CME Group following the March Prospective Plantings and Grain Stocks report…
Joe Vaclavik discusses Thursday’s grain trade from the trading floor…