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The funds are back in buying today, everything up again $9.00 per ton on proteins and $2/$3 on corn

Wednesday, March 30, 2016 End of China's Corn stockpiling Threatens Global Feed-grain Trade

Grain traders worried on Tuesday about the risk for reduced demand from China after the government said it would scrap its corn stockpiling program at a time when global markets are awash with excess supplies.

Traders said importers in China would likely reduce purchases of farm products used to feed livestock, including sorghum and the ethanol byproduct distiller's dried grains (DDGs). They said the policy shift is expected to bring domestic corn prices in line with cheaper foreign supplies. 

Read More HERE!

Wednesday, March 23, 2016 - Will South America's Corn Crop Hurt US Exports?
The two biggest U.S. competitors for soybean sales on the world market, Brazil and Argentina, are making inroads in the corn market. They are forecast to limit the U.S. share to 32% this marketing year, a drop of 5 percentage points from last year, says USDA. U.S. corn exports of 42 million tonnes would be the smallest since the 2012 drought, although still the largest in the world.

Read More HERE!

Tuesday, February 16, 2016 - A Weather Market for Corn in 2016?

Nearby corn futures remain above the early January lows, but continue to struggle under the weight of a number of negative market fundamental factors. Those negative factors include both supply and demand considerations.

On the supply side, domestic corn production has been large for three consecutive years and the USDA now projects 2015-16 marketing year ending stocks of U.S. corn at a 10 year high of 1.837 billion bushels. 

Read more HERE!

Tuesday, October 13, 2015 - Corn not going down anytime soon!

The USDA's October 9 Crop Production report forecast the 2015 U.S. corn crop at 13.555 billion bushels, 30 million bushels smaller than the September forecast and 660 million bushels smaller than the 2014 crop. The U.S. average corn yield is forecast at 168 bushels, 0.5 bushel above the September forecast, and harvested acreage is forecast at 80.664 million, 437,000 below the September forecast.

Commentary following the release of the report suggests that some observers believe that the corn crop is not as large as the current USDA forecast. One of the factors cited as evidence that the crop may be smaller than forecast is the strong basis levels in many markets. - Read more HERE!

Current US Drought Monitor - New map released each Thursday

NATIONAL DAIRY MARKET NEWS AT A GLANCE - For the week of May 4-8, 2015

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