tag:blogger.com,1999:blog-60174576625711084392012-02-10T23:19:57.836-05:00Corn, Corn Futures, Corn Prices, Corn Industry, Corn Farmers, Corn Policy...Garynoreply@blogger.comBlogger991100tag:blogger.com,1999:blog-6017457662571108439.post-88562226516254205542012-02-09T20:25:00.000-05:002012-02-09T20:37:12.107-05:00

Projections for corn stockpiles in the United States has been lowered by the U.S. Department of Agriculture for 2012.The downwardly revised U.S. corn stockpile estimates come from the continuing dry weather in South America, especially Argentina, which will probably result in inventories being down because of exports going up as countries gravitate to the American corn supply to make up for the

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-35285121155042812952012-02-08T11:42:00.002-05:002012-02-08T11:42:35.103-05:00

In a Reuters poll of 24 analysts, consensus is U.S. farmers will plant the largest amount of acres in corn in 68 years. Expectations are a faster than usual planting because of mild and drier weather will help raise the corn acreage planted. Estimates are a total of 94.2 million acres will be planted, which could result in a record crop of 13.8 billion bushels produced, based upon a yield of

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-38193191415050866822012-02-02T23:17:00.000-05:002012-02-02T23:18:05.026-05:00

Talking to agribusinessmen in Indiana, Joe Glauber, the leading economist for the USDA, told the group that he believes in the spring of 2012 more acreage across the country will be planted in corn.He said most of that will be in the southern part of the United States.“Just where soybean prices are relative to corn seems to favor corn planting. Last year there was a lot of competition for acres

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-62993574929207200752012-02-01T20:37:00.001-05:002012-02-01T20:37:41.585-05:00

The growing number of sandhill cranes from misguided attempts to boost the population, has done just that in Wisconsin, resulting in a growing amount of corn crop damage as a consequence.That has led to the introduction of a bill by a Wisconsin lawmaker, which would allow a hunt of the birds to thin the population and corn damage.According to the Wisconsin Department of Natural Resources, it is

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-81491672884585788222012-02-01T20:07:00.001-05:002012-02-01T20:07:36.350-05:00

Rising demand for corn exports from the United States pushed up the price of ethanol futures for the second day in a row, as worries over production costs pressured ethanol higher.Assumptions the distilleries will be forced to compete for supply with foreign buyers, drove corn to a three-week high Wednesday.On the Chicago Board of Trade, denatured ethanol for February delivery climbed 0.2 cent to

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-1571969101472206642012-01-31T18:51:00.003-05:002012-01-31T18:53:18.019-05:00

Prime corn-growing regions of Iowa and Minnesota are facing challenges similar to the last major drought in the region in 1988, causing some growing concern in a year starting with tight corn supply.Some of the more productive parts of northwest Iowa and southern Minnesota are under pressure, and there's little relief seen to be coming at this time.While the weather this year is in fact very

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-46423538613063886432012-01-31T18:14:00.000-05:002012-01-31T18:27:13.241-05:00

Shares of Archer Daniels Midland (NYSE:ADM) got hammered Tuesday, dropping over 4 percent (including after hours trading), as higher corn prices weighed on the company's performance in the last quarter.Other notable factors having a significant impact were miniscule margins for oilseed processing, as well as the changing global supply market for grains. For the latest quarter, net income

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-47962042659127575652012-01-30T10:47:00.002-05:002012-01-30T10:47:53.815-05:00

The severity of the effect of the ongoing drought in Brazil's Parana state, located in the southern region of the country, is worse than originally believed, according to a Dow Jones Newswires report. Agroconsult's Fabio Meneghin, said, "The western part of Parana, near the border with Paraguay, has been particularly affected. I didn't expect it to be so bad." Quoting one farmer from the

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-31541727410437519812012-01-30T10:36:00.001-05:002012-01-30T10:36:45.161-05:00

According to the Ukrainian Agribusiness Club, the amount of corn sownin 2012 could rise as much as 25 percent, climbing to 11.1 million acres (4.5 million hectares). Corn production could be as high as 25 million metric tons, in contrast to the 22.8 million tons yield in 2011, the organization said in a statement e-mailed to Bloomberg.

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-38409971126823012342012-01-30T10:30:00.001-05:002012-01-30T10:30:44.934-05:00

After a dubious start to the 2011 corn season, where cold weather and wet fields delayed the Michigan corn planting season, it ended strongly, with corn rising to a record yield of 153 bushels and acre, according to the Michigan Field Office of the U.S. Department of Agriculture National Agriculture Statistics Service. Jay Johnson, director of the USDA NASS Michigan Field Office, said, "The

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-6185386156851833702012-01-27T22:39:00.001-05:002012-01-27T22:39:45.601-05:00

Chad Hart, Iowa State University agricultural economist, said the outlook for corn profits for state farmers doesn't look as good as it did in 2011. “In Iowa, we’re projecting season-average prices to range between $5.30 and $5.40/bu., and we’re projecting inputs costs to be about $4.40/bu. So, if that holds true, the market in Iowa will be offering 90¢-$1/bu. in profits to grow corn for 2012.

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-74285186343813952132012-01-27T22:30:00.002-05:002012-01-27T22:30:20.922-05:00

A variety of factors have generated uncertainty for corn and other agriculture futures, as corn was the only pit ending the Friday session higher. Continual macro-economic concerns over the European debt crisis, as well as the extent of the corn production, and other crop shrinkage in South America related to weather, has made traders tentative. Another factor in the mix is the hint of an

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-86779808280657111082012-01-26T23:35:00.001-05:002012-01-26T23:35:31.300-05:00

A U.S. Export Sales report from the USDA siad that corn exports for the week were up 940,700 MT from last week. Top export regions, according to the report, were Japan (214,000 MT), Mexico (193,300 MT), South Korea (126,700 MT), China (120,200 MT), Saudi Arabia (70,200 MT), and Taiwan (48,700 MT). The announcement by the Federal Reserve that it was going to keep interest rates supressed

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-58106387620872459402012-01-26T23:27:00.001-05:002012-01-26T23:27:47.509-05:00

The effects of La Nina continue to wreak havoc in Argentina, as well as Mexico and Brazil, as corn farmers in Argentina could lose up to 33 percent of the corn for the 2011-2012 season. Already struggling from recent drought conditions, the projections are the corn in the Pampas agricultural zone will experience drought conditions through February 2. Expected tempertures are expected to go

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-24340292858061803892012-01-26T16:04:00.000-05:002012-01-26T16:11:48.298-05:00

Archer Daniels Midland Company (NYSE: ADM) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).Looking forward to the release of its quarterly report on January 31, 2012, analysts' consensus is for earnings to drop to 78 cents a share, from $1.14 a share last year in the same quarter. Earnings are expected to come in at $2.98 a share for the fiscal year. Revenue for the year is

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-83476955204316851192011-03-12T23:22:00.000-05:002011-03-12T23:22:56.274-05:00

Corn futures dropped on concerns Japan would cut U.S. corn purchases. Light, sweet crude for April delivery fell as low as $99.01 a barrel early in the session Friday before recovering to settle down $1.54, or 1.5%, at $101.16 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures fell $1.59, or 1.4%, to settle at $113.84 a barrel. Corn and lean hog futures saw some of

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-83622338875147537292011-03-04T21:34:00.001-05:002011-03-04T21:34:25.713-05:00

Billionaire investor and commodity expert Jim Rogers has been touting the inevitable rise in commodities in general, and agricultural commodities in particular, for some time, especially concerning the price of corn. While monetary policies of the Federal Reserve are a disaster and have played a large part in the rise in commodity prices, it's not the entire story, says Rogers. He points to the

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-68927953854570388932011-03-04T21:25:00.000-05:002011-03-04T21:25:40.006-05:00

Indiana and other corn farmers who thought that a new insect threat would be slowed by this winter's freezing temperatures may be disappointed, says Christian Krupke, a Purdue University Extension entomologist. The western bean cutworm (WBC) is likely to emerge from winter in numbers capable of exacting a toll on Indiana's corn crop this summer, says Krupke. "A question I've gotten a lot from

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-15040791838402895082011-03-04T21:19:00.001-05:002011-03-04T21:19:27.612-05:00

Combined with Iowa, Illinois accounts for about a third of all corn produced in America, and in illinois, McLean country was the top producer for 2010. Farmers in the central Illinois county produced a total of 60.5 million bushels of corn last year. According to National Agricultural Statistics Services, the production came form 357,000 acres, with average production coming in at $169.5

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-36580461673622447812011-03-04T21:06:00.000-05:002011-03-04T21:06:55.683-05:00

Corn production in Iowa for 2010 was down from 2009 levels, coming in at 2.2 billion bushels, falling 267,000 bushels. Final 2010 crop numbers released Tuesday by the U.S. Department of Agriculture show more soybeans were produced statewide and less corn compared to the previous year. Local commodity prices responded in the exact opposite way some people might think. Typically, commodity

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-37344904573672392412011-03-04T17:23:00.000-05:002011-03-04T17:23:53.555-05:00

Corn prices fell on speculation that rising energy costs will put a damper the global economy, cutting demand for food and livestock feed. Soybeans rose on the possibility that South American shipments may drop. Crude oil rose to a 29-month high on concern that unrest in Libya will spread to other north African and Middle East petroleum exporters. U.S. equities dropped as data signaled that

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-84136791138772806462011-02-24T22:50:00.000-05:002011-02-24T22:50:08.283-05:00

Corn and soybean supplies will remain tight this year even as increased plantings set the stage for record or near-record harvests, U.S. Department of Agriculture chief economist Joe Glauber said Feb. 24. Exports and ethanol demand are expected to grow, keeping corn prices near historic highs and squeezing profit margins for beef, dairy and pork producers, Glauber said during an address at the

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-59645764774266175862011-02-24T22:47:00.000-05:002011-02-24T22:47:31.708-05:00

The United States "can do it all" -- turn more corn into ethanol without running short of food, Agriculture Secretary Tom Vilsack said on Thursday, as oil prices soared and the government raised its forecast of food price increases this year. "There is no reason for us to take the foot off the gas," said Vilsack, referring to biofuels at a two-day Agriculture Department conference on the outlook

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-32189029409998153672011-02-24T22:45:00.000-05:002011-02-24T22:45:02.507-05:00

Corn supplies will stay tight in the U.S., the largest grower and exporter, even as greater planting spurs record production, the U.S. Department of Agriculture’s chief economist said. Soybean and cotton crops may also increase. Farmers will harvest a record 13.73 billion bushels of corn this year, up from 12.447 billion last year, on 92 million planted acres, Joe Glauber, the economist, said

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-69806303306151331892010-10-12T15:17:00.001-04:002010-10-12T15:17:18.329-04:00

The corn crop in the U.S. is ending up lower than expected, and that has pushed up a number of companies, including fertilizer giants Potash (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU). That doesn't seem like it'll have any effect on the offer of BHP Billiton (NYSE:BHP) bid for the company. Agricultural equipment makers like Deere (NYSE:DE) have also moved up some, although they have

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-63307780883900145312010-10-08T23:28:00.000-04:002010-10-08T23:28:43.961-04:00

Corn prices soared to the 30-cent per bushel limit to $5.28 on the opening of the Chicago Board of Trade Friday after the USDA lowered its estimate of Iowa’s per bushel corn yield from 179 bushels per acre last month to 169 bushels per acre. Soybeans soared as well, rising 70 cents per bushel to $11.35. Both corn and soybean prices are at their highs for the year. The corn yield estimate, if

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-48220567982185330742010-08-07T10:33:00.000-04:002010-08-07T10:34:31.033-04:00

The weather continues to be the story for crops across the world, as the U.S. continues to be hit by hot, dry weather for the last couple of weeks, raising questions as to where it'll be at harvest.Weather patterns aren't expected to change any time soon either, as the outlook is for the same weather conditions to continue.Quality is the highest concern, as bad weather could lower the level of

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-32690607481319735852010-08-06T23:06:00.000-04:002010-08-06T23:08:13.046-04:00

For the first time in well over a decade, China has acquired large quantities of corn from U.S. farmers, importing close to 1.2 million metric tons.Every time something like this happens, the media catches it and offer the possible narrative of a new age arriving for corn and other grain exports.There will be only one way to find out, and that is time. China is close-mouthed about the

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-17650565859103275422010-07-19T20:20:00.002-04:002010-07-19T20:20:51.151-04:00

Corn plunges as expected, as it was known if wetter and dryer weather was forecast, the price of a bushel would come under pressure, after a period of consistent gains. Already a number of corn fields, and other crops, have received almost 2 inches of rain, with other expected to get at least 1.25 inches up to 2.5 inches this week. Over the next week there is no hot weather expected in a

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-89105140187759163472010-07-10T14:49:00.000-04:002010-07-10T14:50:21.950-04:00

The corn crop in Ohio has been very strong this year, as a wet and warm spring resulted in the crop taking off in most areas, already reaching as high as 10 feet tall on a number of farms.Planting season also began early, giving it a head-start on the year. Weather throughout the growing season has also remained humid and warm, providing the best conditions corn could have.If a moderate amount of

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-49536424082687041002010-07-10T00:34:00.002-04:002010-07-10T00:34:29.307-04:00

Corn farmers got a dose of reality, and analysts egg on their face, as a corn inventory forecast from the government surpasses analysts' estimates. “People were a little disappointed,” said Greg Grow, of Archer Financial Services Inc. in Chicago. “We had a big rally, so traders are lightening up on some positions.” With supply being the driving force behind the recent surge in corn futures

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-28838698200092834442010-07-08T19:13:00.002-04:002010-07-08T19:13:24.522-04:00

The heat is taking its toll on Indiana corn, as some corn is standing as high a 8 ft. in the fields, while other is only two feet tall, according to some Indiana farmers. That could result in mixed pollination as the season goes on. According to the USDA, the condition rating on the corn crop in Indiana has dropped for the last couple of weeks, confirming the concerns. Heavy moisture in the

Kylenoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-69020893642014212662010-07-08T19:00:00.002-04:002010-07-08T19:00:18.903-04:00

Farmers in the U.S. have been withholding corn and cash premiums have risen as a result. Demand overseas has increased in the mix as well. “Farmers are beginning to let loose of some corn and soybeans, but the pipeline supplies have not been replenished” to load ships, said Ron Uhe, a risk consultant for Mid-Co Commodities Inc. “We have a battle for supplies between processors and exporters.”

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-14123757327181663072010-07-08T17:51:00.001-04:002010-07-08T17:51:47.011-04:00

The potential of low supply in the United States has corn prices pushing up, and add to that the hot, dry weather in China, and you have a couple of factors working together to offer corn prices support.Although not proven yet, the perception that corn supplies will not be near as high as estimated has drawn traders to the market, and pushed up corn prices as a result.For China, they could end up

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-61678040113082254422010-07-08T17:38:00.000-04:002010-07-08T17:39:12.074-04:00

Corn futures finished up again on Thursday, settling at 6 3/4 cents, or 1.8%, higher at $3.77 1/2.December corn was up seven cents or 1.8 percent, at $3.96 1/4 a bushel.Much of this is borrowed from concerns over wheat, which could yield less than projected, which would increase demand for animal feed, raising prices. Expectations that the U.S. Department of Agriculture released on Friday will

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-6730550878993642882010-07-03T15:32:00.000-04:002010-07-03T15:32:33.708-04:00

The latest estimates of the U.S. Department of Agriculture have Colorado corn farmers increasing their corn harvest by 22 percent over 2009, with projections of 1.2 million acres of corn to be harvested. According to the USDA report released last week, corn producers in Colorado planted 1.35 million acres of corn this year. That takes into account corn for all uses. In the U.S., altogether

Garynoreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-46119745142107276642010-06-08T22:17:00.000-04:002010-06-08T22:17:10.177-04:00

Corn conditions were down and corn prices were up, as corn recovered from an 8-month low and three straight days of losses. The major change affecting prices from a U.S. Department of Agriculture was the condition of corn rated poor to very poor increased from 4 percent to 5 percent from last week. “Corn got a little bit of a boost in the crop-conditions report” as conditions didn’t improve “

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-15701327472592225292010-05-08T23:37:00.002-04:002010-05-08T23:37:53.025-04:00

For the first time in three years China has reportedly said it will acquire corn from the U.S., and corn prices rose in response, increasing by 10 cents for the week. Confirmation of the assertion China is buying U.S. corn has yet to be made, which says China has acquired 4 to 5 cargos of corn for June-July shipment. If that's found to be true, it could offer some support for corn going

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-77830419770142230892010-05-05T21:45:00.002-04:002010-05-05T21:45:36.720-04:00

Corn Products International (NYSE:CPO) enjoyed a solid first quarter as all markets the company serves were up. Sales were up 12 percent while the North American market increased revenue from $531 million last year during the same quarter to $541 million this quarter, a gain of 2 percent. Profits in the quarter grew from $16.8 million, or 22 cents a share last year, to $43.4 million, or 57

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-27957386707462577952010-05-05T21:40:00.002-04:002010-05-05T21:40:42.500-04:00

According to Archer Daniels Midland (NYSE:ADM), they've maintained a strong balance sheet in order to be ready for opportunities for a merger or acquisition, their preferred means of growth in the near future. ADM has been struggling, as their recent quarterly report shows, with sweeteners and starches falling in price, and ethanol and corn syrup expected to continue dropping in price as well.

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-30714341232089068262010-04-10T15:56:00.003-04:002010-04-10T15:57:29.540-04:00

Corn surpluses continue to plague the industry as an abundance of corn has flooded the market, while smaller herds has lowered demand. The ongoing weight of oversupply continues to dominate the price of corn, and it makes you wonder why farmers continue to plant it at such high levels, knowing the supply is outstripping demand. Corn inventories are at their highest levels since 1987, with an 11

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-65971473107961093882010-03-10T23:53:00.000-05:002010-03-10T23:54:30.313-05:00

Corn InventoryCorn has suffered a similar fate as wheat, because exports are low and the harvest is high. Corn exports are expected to fall by a huge 100 million bushels, as countries are successfully growing corn, and that is decreasing the demand globally, as it is with wheat.The corn stockpile is projected to reach about 1.799 billion bushels after harvest, a major leap by 60 million bushels

Garynoreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-14091698906086164302010-03-09T21:14:00.000-05:002010-03-09T21:15:29.276-05:00

Contact UsYou can contact any of the authors of Bushels of Corn at allenine@comcast.net. Authors can be fowarded your email if you want to contact one individually. Ray EsallyGary ThomasTommasino ConitoAllen NineKyle Simon Jim Stevens

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-33772004339711842932010-03-09T21:13:00.000-05:002010-03-09T21:14:36.527-05:00

Bushels of Corn Author Team Ray EsallyGary ThomasTommasino ConitoAllen NineKyle SimonJim Stevens

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-46627226683729245762009-08-04T00:56:00.001-04:002009-08-04T00:58:53.554-04:00

Genetically Enhanced Corn Natural DefensesUsing a plant gene from oregano which sends out a chemical call for help from the western corn rootworm (in reality a beetle), which studies show have proven to be effective deterrent when parasitic roundworms respond and start to kill the pests almost immediately.Researchers say this could lead to solid corn harvests with less need for expensive

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com3tag:blogger.com,1999:blog-6017457662571108439.post-91763671179613152412009-07-28T16:26:00.000-04:002009-07-28T16:27:34.698-04:00

Corn Silking, doughing newsWhile corn silking improved by 24 points for the week, now standing 55 percent complete, which is equal to last year's silking, but far behind the 5-year corn silking average by 21 points.The corn belt performed very well because conditions have remained ideal for corn silking, as 34 percent of the crop is at that stage in Minnesota and Iowa. Illinois corn silking came

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-14039074705563617372009-07-17T19:32:00.000-04:002009-07-17T19:33:32.489-04:00

Cash for corn cobs a stupid ideaUsing tax payer money for subsidizing farmers even more than the outrageous levels they're already being subsidized at is outrageous and criminal. We don't need any more subsidies of corn, as the artificial market created through the nonsensical ethanol policy are detrimental and misguided, as wheat production suffers, and the poor around the world as well. That

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-19258723713260129902009-07-08T23:48:00.000-04:002009-07-08T23:55:13.559-04:00

Kansas Corn CropThe Kansas corn crop has been doing pretty good so far this year even though there was an very late planting, but its late start has made the crop especially vulnerable to damage.If everything goes right, Kansas farmers plant their corn by the first week in April. But rain kept farmers out of fields at the usual planting time, so a lot of of the state's corn was planted in late

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-21188300340554922782009-06-04T16:49:00.003-04:002009-06-04T16:53:46.277-04:00

Corn NewsAhead of the soon to be released USDA supply and demand report, McHenry, Illinois based analysts Allendale Inc. expect the Ag Department to lower its production and new crop ending stocks estimates for corn.Allendale sees 2009/10 corn stocks at 1.015 billion bushels and production at 11.935 billion bushels because of delayed planting. Allendale also sees the USDA cutting the average

Garynoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-48276554989784819662009-04-03T15:27:00.001-04:002009-04-03T15:29:51.061-04:00

Jim Rogers has been an agriculture bull for some time, and has now combined that favorite investment sector of his in a new commodities index fund also including China, along with agriculture. Rogers has partnered with with Australia's Macquarie Funds group to create the new Macquarie and Rogers China Agriculture Index.Rogers' contention for some time has been that no matter what happens in the

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-23522449336619536952009-02-06T16:44:00.000-05:002009-02-06T16:45:39.366-05:00

Few buyers show up to by in the Indian corn spot market, driving corn futures in India down.India corn futures ended lower on Friday on sudden absence of buying by local feedmakers and exporters in the spot market, analysts said."Both domestic feedmakers and export enquiries were not seen in the market today," said Rahimtullah, a trader in Nizamabad, a major trading hub.Prices fell by 4 rupees to

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-73568182645100365182009-01-25T22:03:00.004-05:002009-01-25T22:12:46.335-05:00

While some commodities in the precious metals sector will enjoy a banner year in 2009, grains, and specifically corn, won't be doing to well, as least in the first half the year, as corn futures drop below $4 a bushel.Contrast that to last year when the sky seemed the limit when corn futures reached over $8 a bushel, and money was plentiful.Even the drought in Argentina hasn't made an impact on

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-41090913649969357452009-01-20T17:20:00.004-05:002009-01-20T17:29:59.346-05:00

Corn results today are wheat and soybeans pressuring the prices down, along with a stronger U.S. dollar.Chicago Board of Trade corn futures succumbed to outside pressure Tuesday, ending lower amid falling wheat and soybean markets, traders said.March corn ended down 7 1/2 cents to $3.83 1/2 per bushel, May corn ended down 7 cents to $3.94 3/4 and July corn ended down 7 cents to $4.05 1/2.The

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-7644050706056210902009-01-16T14:40:00.000-05:002009-01-16T14:46:29.177-05:00

Kenya Prime Minister Raila OdingaKenya has asked the international community for $406 million in food aid, but they aren't receiving a friendly response.At the outset that may seem cruel, but in reality much of this isn't related to the asserted drought, but by terrible planning and corruption within the country. No one wants to throw money or corn at a situation that will not do what it was

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-17135265864842555032009-01-14T17:31:00.000-05:002009-01-14T17:39:31.090-05:00

Dry weather in Argentina gave corn prices a boost today, after falling to their lowest level in a month yesterday. Argentina is only second behind the U.S. in exporting of corn.Projections are the conditions in Argentina will continue, as expectations are that less than 1 inch of rain will fall in the major agricultural regions of Argentina over the next couple of weeks.Corn responded by moving

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-81280747915372902092009-01-12T15:02:00.000-05:002009-01-14T14:22:19.491-05:00

Corn fell to the lowest level allowd by the Chicago Board of Trade after the u.S Department of Agriculture said supply will be larger than originally projected in December.Consequently corn futures dropped by the 30-cent limit to $3.8075 a bushel on the CBOT. That's closing in on the lowest price in two years experienced on December 5 of $3.055.Corn inventories in the U.S. will come in at 1.79

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-62487924099057643492009-01-08T21:47:00.000-05:002009-01-08T21:51:40.676-05:00

The fiscal-first quarter for Monsanto Co. (MON) couldn't have been much more profitable, as the biotechnology company more than doubled profits.Most of that was driven by glyphosate-based weed killer "Roundup" sold in Latin America, along with overall corn seed sales. Another factor in the solid profits was the pricing strategy implemented by Monsanto, as they increased corn seed prices by

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-91462620399207769652009-01-03T19:30:00.000-05:002009-01-03T19:33:42.049-05:00

CHICAGO, Jan 02, 2009 (Dow Jones Commodities News via Comtex) --By Ian Berry Of DOW JONES NEWSWIRESHigher crude oil and short-covering pushed Chicago Board of Trade corn futures higher Friday, as the market extended its rally from Wednesday, traders said. March corn ended up 5 1/4 cents to $4.12 1/4 per bushel, May corn ended up 5 cents to $4.22 3/4 and July corn ended up 5 cents to $4.33. The

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-83967335055078501032008-12-22T20:32:00.000-05:002008-12-22T20:34:13.045-05:00

CHICAGO, Dec 22, 2008 (Dow Jones Commodities News via Comtex) --By Ian Berry Of DOW JONES NEWSWIRESChicago Board of Trade corn futures inched slightly higher Monday in light, pre-holiday trade, with weak demand limiting any bullish sentiment, analysts said. March corn ended up 1 cent to $3.81 3/4, May corn was up 1 cent to $34.92 and July corn settled up 1 1/2 cents to $4.02 1/2 per bushel.

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-18171302880445488262008-12-18T20:01:00.000-05:002008-12-18T20:03:07.882-05:00

NEW CASTLE, Del., Dec 18, 2008 /PRNewswire via COMTEX/ -- Arkion Life Sciences has received US EPA approval to market Avipel(R) Corn Seed Treatment in Minnesota for the 2009 planting season. The Section 18 application filed by the State of Minnesota is effective December 5, 2008, through July 30, 2009. Arkion's proprietary bird repellent Avipel(R), formerly known as Avitec, protects both field

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-45314613079297054902008-12-09T14:38:00.000-05:002008-12-09T14:42:20.592-05:00

Corn Containing Evogene-Discovered Genes Show Significant Yield Increases Under Both Normal and Drought Conditions REHOVOT, ISRAEL and PARIS, Dec 09, 2008 (MARKET WIRE via COMTEX) -- Evogene Ltd. (TASE: EVGN) and Biogemma SAS today announced results of field trials for corn hybrids containing a number of genes predicted by Evogene to increase yield and drought tolerance. The field trials,

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-70145137893448790472008-12-04T13:12:00.000-05:002008-12-04T13:14:16.379-05:00

South Korea, which is the third-largest importer of corn, said it'll probably cut corn imports and replace them with less expensive grains like wheat.As a result, this year's corn imports from the U.S. could fall by up to 1 million tons from last year's levels."Overall corn imports for feed use in 2009 will be similar to this year's level at best and are more likely to fall below the level as

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-3328271408448561152008-11-22T01:44:00.000-05:002008-11-22T01:45:32.767-05:00

Farmers are up in arms over the request by VeraSun Energy for a Delaware judge to give them permission to void corn contracts with a notice of 10 days.The arguments by farmers was the action would take away their ability to sell corn to other potential buyers, while at the same time essentially killing expected revenue.Because farmers have a contract with VeraSun, they would have to legally hold

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-39335331556967372192008-11-14T20:57:00.000-05:002008-11-14T21:07:21.984-05:00

NEW YORK, Nov 13, 2008 /Xinhua-PRNewswire via COMTEX/ -- AgFeed Industries, Inc. (FEED) , the largest commercial hog producer and the largest premix feed company in China, today announced record financial results for the quarter ended September 30, 2008: -- Revenue grew year over year by 316% to approximately $49.4 million from $11.9 million -- Gross Profit increased 279% year over year

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-34735455336705386382008-11-14T20:47:00.000-05:002008-11-14T20:49:51.212-05:00

ST. LOUIS, Nov. 14 /PRNewswire-FirstCall/ -- Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it has purchased the assets that J.R. Short Milling Company used in its traditional corn dry mill operations as well as the assets to operate its specialty product line. The purchase does not include J.R. Short's pellet division. Financial terms of the

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-36023281410056458672008-11-10T12:27:00.000-05:002008-11-10T12:30:15.233-05:00

When the board of Corn Products International (CPO) recently announced it could no longer support the acquisition bid from Bunge Ltd (BG) for the company, the deal had little chance of going forward, and Bunge confirmed that today, announcing it had withdrawn its bid.The primary reason wasn't the credit markets, because the deal was to be financed with stock. Rather, it was the fall in stock

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com2tag:blogger.com,1999:blog-6017457662571108439.post-27326560592179249122008-11-05T22:17:00.000-05:002008-11-05T22:19:51.400-05:00

While the announcement by the Corn Products International Inc (CPO) board that it was no longer supporting the proposed acquisition by fertilizer and oil seed giant Bunge Ltd (BG) is a surprise, it can't be called a shocking decision.With both companies plunging in stock price, especially Bunge (BG), and Corn Products International recently revising their guidance upwards, the deal doesn't look

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com6tag:blogger.com,1999:blog-6017457662571108439.post-76746483108241547842008-11-04T12:03:00.000-05:002008-11-04T12:07:57.318-05:00

Corn Products International (CPO) has raised its guidance for the year based on a good third quarter. The original guidance from the company was for between $3.15 to $3.25 a share, which now has been revised upward to $3.40 to $3.60 a share. Analysts were looking for around $3.29 a share.Profits for the quarter increased to $88.1 million, or $1.15 a share, from last year's $51.1 million, or 66

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-64440107376614253522008-10-28T19:23:00.000-04:002008-10-28T19:44:05.185-04:00

Stronger cash corn prices are being predicted as a result of unprecedented corrections to an official crop report Tuesday by the U.S. Department of Agriculture. The report said that U.S. farmers will probably harvest about 1 million acres less of corn than they said in the last report, with soybeans also being much less than the previous report.What this effectively does is cut expected

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-47814037939343089842008-10-14T12:42:00.000-04:002008-10-14T12:54:20.522-04:00

The emotional boost given by the announced plan of the U.S. government to take $250 billion of the $700 billion bailout and inject it into "healthy" U.S. banks, has caused many commodities to rise over the last couple days, but that will be short lived.For corn, it partook in the overall boost by increasing by 6.75 cents for December delivery to reach $4.18 a bushel on the Chicago Board of Trade.

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-57185440140208489252008-10-10T13:53:00.000-04:002008-10-10T13:54:43.039-04:00

The monthly forecast by the U.S. Department of Agriculture on Friday reported corn production for the year could be a much higher 12.2 billion bushels, a significant increase over September's projection of 12.1 billion bushels.While wetter weather has a strong impact on production, the resultant success will probably put more downward pressure on corn prices, as the agency revised its

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-89675885356666975422008-10-08T23:39:00.000-04:002008-10-08T23:41:35.192-04:00

Corn for December delivery on the Chicago Board of Trade climbed by 10.5 cents Wednesday after the U.S. Federal Reserve and several other central banks around the world cut their interest rates. After the interest rate cuts corn did rebound settling at $4.275 a bushel on the CBOT, a 10.5 cent or 2.52 percent gain.While many other commodities dropped, which temporarily made central banking

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-67023026817222587962008-10-06T22:04:00.000-04:002008-10-06T22:05:45.244-04:00

Corn dropped by the maximum allowed on the Chicago Board of Trade (CBOT) today as the spread of economic fears and realities is starting to hit Europe hard, and China and India are showing signs of slowing demand as well.Growing concern on a global scale is causing almost all commodities to fall in price as demand across the board decreases. The only exception to positive growth for commodities

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-59955473703111228372008-10-01T13:12:00.000-04:002008-10-01T13:13:22.227-04:00

Corn futures are enjoying a slight rebound today after falling by almost 5 percent in Tuesday trading. On the Chicago Board of Trade, prices for December delivery rose by 4.75 cents to $4.88 a bushel. Most industry watchers agree that until a decision one way or the other is made concerning a government bailout, things will remain in flux concerning most commodities. There will be another vote

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-58919792963431512842008-09-25T17:22:00.000-04:002008-09-25T17:23:45.841-04:00

Uncertainty in the market and overall economy have investors on the sidelines in a number of categories, and concerning corn futures it's no different.Most trading in commodities at this time aren't related to underlying fundamentals, rather they're connected to the overall economy and the wait for what the eventual bailout will entail.As of now, it has been reported today that the House and

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-57058795730749625792008-09-17T18:32:00.000-04:002008-09-17T18:35:35.453-04:00

December delivery for corn increased by 22 cents a bushel, riding the migration of investors to commodities as they seek shelter from the financial markets. Corn closed at $5.54 a bushel on the Chicago Board of Trade.Most dollar-denominated commodities were benefactors of the exodus from equities.Soybeans were also up on the day, increasing by 26 cents to $11.39 a bushel, a 1.3 percent jump.The

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-60295185573480859002008-09-03T19:35:00.000-04:002008-09-03T19:47:11.332-04:00

The Hart-Scott-Rodino Antitrust Improvements Act has been successfully fulfilled by Bunge Ltd. in its quest to acquire Corn Products International. It involved satisfying a required regulatory waiting period. While international clearance and approval by shareholders is still waiting in the wings, the deal is expected to close sometime in the fourth quarter.Bunge sells a number of agricultural

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-68385833233298546212008-08-21T17:32:00.000-04:002008-08-21T17:35:03.777-04:00

For the first time in about three weeks, corn futures on the Chicago Board of Trade surged past the $6 mark, as the U.S. dollar weakens on stronger oil prices and geo-political concerns.Nearby September corn on the CBOT increased by 22 1/2 cents to $5.97 3/4, and most-active December gained 22 1/2 cents to end at $6.17 1/2 a bushel. One other factor in the price of corn futures is Midwest rain

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-75470416728874980902008-08-19T17:42:00.000-04:002008-08-19T17:46:20.867-04:00

US corn rallies in late tradingCBOT Corn ReviewCorn prices gain 2.05% in ChicagoFarmers using biotech seed may pay less insuranceFarmers always adapt to meet demand for cornUSDA: Corn production down from last year USDA Approves Syngenta and John Deere for Broadened Biotechnology Endorsement for Corn Crop InsuranceHalf Corn Crop At Dough StageIndia corn futures lower on US corn

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-15001590838676246982008-08-11T20:23:00.000-04:002008-08-11T20:26:25.880-04:00

Talk about a self-inflicted wound! In a second-quarter report for Pacific Ethanol Inc. (Nasdaq:PEIX), the company said it lost to common stockholders of $10.5 million, or 23 cents a share. That's almost double the 12 cents a share loss analysts were looking for. Taking into account the increase in net sales of $198 million, which is a boost of 74percent, it makes it even worse. During the second

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-5746192205192863702008-08-05T16:40:00.000-04:002008-08-05T16:44:54.413-04:00

For the fourth straight session corn futures fell, dropping as low as $5.26 earlier in the day, the lowest level in four months on the CBOT.The major driver of the drop is the cooling weather, as pollination will increase in response to cooler weather conditions, increasing corn yields. This helps to address the opposite concerns that hot weather would cause corn prices to surge through an even

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-59305596473639564822008-07-29T20:20:00.001-04:002008-07-29T20:22:12.054-04:00

Noting that higher temperatures could cause problems in the corn yield, the price of corn futures increased today, closing up by 12 cents to $5.94 a bushel. December corn also increased by a little over 12 cents, finishing the session at $6.13 1/2.The concern is over how well the corn pollinates during this crucial time, as too warm weather could hamper the yield results.Even with the strong

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-18486028201825223762008-07-20T22:57:00.000-04:002008-07-20T23:16:15.711-04:00

Even though the flooding in June wiped away some cornfields, the warm weather after the flood receded has helped corn surge back, resulting in the steep drop in price.December delivery for corn dropped 21 cents to finish at $6.29 a bushel on the CBOT. That's the lowest price point since May 30. The flooding had driven up prices in June to as high as $7.96 a bushel; more than a 20 percent increase

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-74419049229662714922008-05-01T20:26:00.000-04:002008-05-01T20:27:35.270-04:00

Corn production in the Philippine's in the first quarter gained 27.6 percent to reach 2.17 million metric tons. In the same season last year production reached 1.70 million metric tons.Agriculture Assistant Secretary Dennis Araullo said output exceeded expectations of the projected 2.14 million metric tons.“More farmers planted corn in the last quarter of 2007. The total area harvested for corn

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com24tag:blogger.com,1999:blog-6017457662571108439.post-34558186253658220672008-04-25T19:08:00.000-04:002008-04-25T19:10:33.880-04:00

Kentucky corn farmers are scrambling to get their corn fields planted this week, as wet weather has continued to hamper the start of the seasonal planting."They're in the `go' mode right now," Kenny Perry, agricultural extension agent in Graves County in western Kentucky, said Thursday. "They're excited to finally be getting into the fields."Across the state, only 11 percent of acreage intended

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-58775881773406927952008-04-16T22:30:00.000-04:002008-04-16T22:34:38.233-04:00

The criticism and impact of the biofuels policy in the U.S. and Europe is causing food riots and protests across the world, as the prices of food surge; mostly on the continuing price increases of corn.For U.S. Agriculture Secretary Ed Schafer to say there will be no shift in the subsidy of corn in the U.S. and it will be business as usual with ethanol, is irresponsible at least, and, as some are

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-78331830545062484292008-04-11T18:21:00.000-04:002008-04-11T18:31:58.600-04:00

===== Corn Falls on Improved WeatherCorn prices fell sharply Friday as forecasts for dry weather in the U.S. corn belt eased concerns that farmers will have to delay their spring planting.=====Corn market gains more uncertainty in AprilFollowing the March 31, 2008 Planting Intentions report, the corn market was forecast up 20-30 cents based on fewer corn acres for 2008.=====CBOT Corn Review: Down

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-5305313402870633242008-04-08T18:23:00.000-04:002008-04-08T18:29:21.977-04:00

Monsanto Co. (NYSE:MON) and a division of Bayer AG (Other OTC:BAYRY.PK), Bayer CropScience LP, have entered an agreement in relationship to a new fungicide product which will treat corn crops.The new treatment would be used in the early corn season, and would protect seedlings against insects and diseases during that period of growth. It's said to be a significant improvement over past

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-23960601977608823132008-04-04T17:31:00.000-04:002008-04-04T17:35:21.876-04:00

=====CBOT Corn Outlook: 1-2 Cents Lower On Light Profit-Taking Chicago Board of Trade corn futures are expected to open 1-2 cents a bushel lower after prices reached technically overbought conditions and as traders take some profits ahead of the weekend, analysts said Friday.=====Corn Looks to Trend HigherOn Thursday, April 3, July corn prices were up 4.25 cents, closing just shy of the highs at

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-11042955924296388862008-04-03T19:30:00.001-04:002008-04-03T19:33:00.957-04:00

The story for corn continues to be the projected supply problems, and the resultant surge in prices. That story continues, as corn broke another record today, reaching $6.025 a bushel before settling to $6. Corn has already increased by 30 percent this year, as demand increases.This follows yesterday's prices, which just fell short of the $6 a bushel mark."It's a demand-driven market and we may

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-73566110974824811202008-04-02T18:41:00.000-04:002008-04-02T18:43:45.148-04:00

Corn prices reached a record today on concerns the continuing wet weather in the midwest and southern United States will slow down planting, increasing the possibility that supplies could be low.Acreage for corn is already projected to be about 8 percent lower than last year's planting, adding to the concern on inventory."We're going to start trading the weather here," said Jason Ward, analyst

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-63940270645696273792008-03-31T15:35:00.000-04:002008-03-31T15:39:02.077-04:00

Citing a report from the U.S. Department of Agriculture, Nebraska Farmer reported that farmers in the state would be planting about 6 percent less acres in corn this year than in 2007. Last year there were 9.4 million acres planted, against the 8.8 million projected for 2008.Nationwide, the USDA said overall corn planting will probably fall from the 93.6 million acres planted last year, to 86

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-25796014378450058472008-03-28T18:46:00.000-04:002008-03-28T18:50:32.559-04:00

Corn News from around the Internet=====Farm Lobby Beats Back Assault On SubsidiesWith grain prices soaring, farm income at record highs and the federal budget deficit widening, the subsidies and handouts given to American farmers would seem vulnerable to a serious pruning.=====Corn choice could be key to consumersAs spring planting nears, farmers are making a choice that could affect what

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-18858374886690490732008-03-28T00:24:00.000-04:002008-03-28T00:27:00.745-04:00

Romania was a large believer in and producer of GM crops before it joined the European Union last year. Now they had a revival and have joined the anti-GM religion, and are looking to ban growing the crop within its borders. It would be the latest setback to the biotechnology industry. Six other EU members have bans in place.Romanian environmental minister Attila Korodi called for a moratorium on

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-13266096883518753192008-03-27T02:11:00.000-04:002008-03-27T02:13:11.099-04:00

Corn futures on the Chicago Board of Trade finished higher on Wednesday, with a number of factors continuing to contribute to its rise.Future contracts for May increased to $5.52 1/4, up by 7 1/2 cents; July contracts finished at $5.65, and increase of 8 cents; December contracts ended at $5.68 1/2, an increase of 8 3/4 cents.While speculators played some role in the increase, as consumer

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-31705236626036923902008-03-26T01:20:00.000-04:002008-03-26T01:24:00.859-04:00

After an export tax increase in Argentina, farmers protested by blocking ports and asserting they'll plant less crops this year than in the past - including corn.The strike shut things down so completely that only 19 trucks entered the port of Rosario, according to reports, when a usual day in March can have up to 6,000 trucks delivering goods to the port. Rosario accounts for about 60 percent of

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-49962942037426528192008-03-25T17:02:00.000-04:002008-03-25T17:04:28.246-04:00

The NYSE Euronext (NYSE: NYX) has been a magnet for Chinese mainland companies, as 44 of them have listings with the exchange. The total value of those combined companies are $1.5 trillion. There are 58 companies overall from the Chinese region.The first company from mainland China to raise funds on the exchange is the China Corn Oil company, which specialized in corn oil. They raised $7.8

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-65058931432451846292008-03-21T01:20:00.000-04:002008-03-21T01:27:14.776-04:00

Those watching the commodity corn market should remember that the USDA's Prospective Plantings report is scheduled to be released on March 31.History has shown that many times the futures market makes a lot of swings leading up to the release of the report; with speculation and rumors generating the swings.On the other hand the elevator markets are usually less volatile, and trade on the

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-19778686532399427872008-03-21T01:13:00.003-04:002009-04-03T22:47:54.002-04:00

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