Corn Still Left in Field Could Be Bullish for Prices

As we have discussed on RealAgriculture.com before it seems that there is gaining speculation in the feed market.  With only 92% of the corn harvest complete in North America speculation is gaining that we could see a higher run in the corn price if certain factors come to fruition.    The USDA estimates that there is 650 million bushels still in the field.  I asked Moe Agostino from Farms.com to provide his outlook for corn

Moe Agostino – Farms.com Provides His Corn Outlook
[audio:http://realagriculture.com/wp-content/uploads/2009/12/Moe-farms-corn-markets-Dec-16-2009-.mp3]

Moe’s commentary is quite bullish but he does provide the disclaimer that in order for this to happen ethanol demand has to be strong, currency markets have  to cooperate and consumption demand must keep pace.

 

Shaun Haney

Shaun grew up on a family seed farm in Southern Alberta. Haney Farms produces, conditions and retails wheat, barley, canola and corn seed. Shaun Haney is the founder of RealAgriculture.com. @shaunhaney

Trending

Seven Corn Management Ideas for 2017

Put two great corn minds together and you come up with seven corn management concepts to help you boost yields in 2017. University of Guelph professor Dr. David Hooker and Maizex agronomist Greg Stewart shared the results of their brainstorm with growers attending the recent Southwest Agricultural Conference, held at the University of Guelph’s Ridgetown…Read more »

Related

3 Comments

Leave a Reply