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

U.S. Farm Groups Voice Concern Over Trump’s TPP Withdrawal

Although United States farm groups and ag interests are still sorting out where they stand with the new administration, several voiced immediate criticism of President Trump's formal commitment to withdraw from the Trans-Pacific Partnership on Monday. The TPP — a multilateral trade deal between Canada, the U.S. and 10 other countries around the Pacific Rim —…Read more »

Related

3 Comments

Leave a Reply