tag:blogger.com,1999:blog-60174576625711084392026-10-13T16:23:33.565-04:00Corn, Corn Futures, Corn Prices, Corn Industry, Corn Farmers, Corn Policy...Unknownnoreply@blogger.comBlogger156125tag:blogger.com,1999:blog-6017457662571108439.post-54457230949031579352012-09-07T18:08:00.002-04:002012-09-07T18:08:48.495-04:00

A Friday report from the U.S. Department of Agriculture said exports for corn and soybeans dropped for the week ending August 30. Corn exports plummeted to 235,400 metric tons, down 37 percent from the prior week, and a huge 55 percent from its four-week average. Major buyers were China, Japan, Taiwan, Mexico, Cuba and Jamaica. Soybean exports plunged to 414,300 metric tons, dropping 23 percent

Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-6017457662571108439.post-58345624176079934662012-09-03T18:19:00.002-04:002012-09-03T18:28:53.831-04:00

The outlook for the corn crop in the United States was downwardly revised again by the U.S. Department of Agriculture, as the price of corn traded at a record $8.49 a bushel on Friday, with investors taking profits on Monday, as prices pulled back to $7.89 a bushel on the Chicago Board of Trade for December delivery.For the year, corn is estimated to come in at 10.8 billion bushels, down 13

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com2tag:blogger.com,1999:blog-6017457662571108439.post-13686310431278528142012-08-03T14:22:00.000-04:002012-08-03T14:22:36.633-04:00

With the drought in the Midwestern portion of the United States continuing to devastate the crops in the region, it has brought out the global alarmists who are using the situation to focus on the growing population needs through 2050, when the people on earth are expected to number over 9 billion. One of the latest to throw his hat into the food crisis ring is Jeremy Grantham, who is the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-32707781678245891192012-08-02T10:41:00.002-04:002012-08-02T10:41:44.208-04:00

The ongoing drought has added another 218 counties to the natural disaster list of the U.S. Department of Agriculture, bringing the total in 32 states to 1,584, over half of the counties in those states. How the USDA determines whether or not to include a county as being a natural disaster is U.S. Drought Monitor. What the designation means for farmers in those counties is being eligible for

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6017457662571108439.post-73692872028896977842012-07-30T19:35:00.002-04:002012-07-30T19:35:42.919-04:00

While corn may not be reaching for the sky these days, as the drought and hot temperatures continue to hamper the crop, corn prices on the other hand are soaring, reaching another record high on Monday, settling at $8.20 a bushel, a gain of 21.5 cents, or 2.7 percent. December corn climbed to $8.14 a bushel, gaining 20.75 cents, or 2.6 percent. At this time a boost in rain in almost all parts

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-85096544119968957832012-07-30T19:20:00.000-04:002012-07-30T19:20:28.212-04:00

The prospects for corn, and increasingly, soybeans, continue to deteriorate, according to the U.S. Department of Agriculture, which said in its latest report that corn in good-to-excellent condition as of Sunday stood at 24 percent and soybeans in the same condition were at 29 percent; both of them dropping 2 percent from last week. This is the worst ratings of both crops since the devastating

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-327536507640840232012-07-27T21:45:00.000-04:002012-07-27T21:45:20.626-04:00

The Japanese continue to keep its corn imports at its lowest levels in 26 years, as high corn prices has resulted in feed producers boosting acquisitions of alternative feeds. According to Mitsuyoshi Haruno, executive director at the Japan Feed Trade Association, he told Bloomberg that Japan will increase "consumption of wheat, wheat bran and dried distillers’ grains with solubles, or DDGS."

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-11903222640472587962012-07-27T21:13:00.001-04:002012-07-27T21:13:27.567-04:00

While some states will benefit from some cooler weather and rain, major corn and soybean producers Iowa and Illinois will get little relief from drought conditions, and neither will Nebraska, Kansas and Missouri. Missouri's corn crop is already almost a total loss, and Indiana's isn't much better. Whether rains come in those two states in regard to corn won't have any positive impact on the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-12677886650999366512012-07-25T22:12:00.000-04:002012-07-25T22:12:04.058-04:00

Indiana has been bearing the brunt of the drought hitting the Midwest portion of the United States, with reports from a number of counties coming in as to how bad it has gotten. The Indiana counties surveyed by the MDA EarthSat July Crop Tour were were Putnam, Hendricks, Parke and Vermillion. After touring fields in each county, it was found that the average was only 56.3 bushels an acre,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-2497123773256228602012-07-25T18:33:00.002-04:002012-07-25T18:33:49.588-04:00

Most experts who understand the pollination process of corn and soybeans say rains are too late for corn in poor condition, and for soybeans, it's marginal as to how much they will be helped by projected rain in the Midwest of the United States. Consequently, the price of corn and soybeans reversed direction as the market consumed and understood that rains won't do anything to change corn, and

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-22709573968452538792012-07-24T22:21:00.000-04:002012-07-24T22:21:26.933-04:00

For those just starting to take a look at corn as a potential investment, it's something that should be held off on, even though Goldman Sachs (NYSE: GS) recently raised their price target on corn to $9 a bushel, and Morgan Stanley to $10 a bushel. Those price targets were based on nothing more than probable momentum, and most likely the USDA estimates for damage being lower than the reality of

Unknownnoreply@blogger.com9tag:blogger.com,1999:blog-6017457662571108439.post-86009007448091959452012-07-24T21:30:00.002-04:002012-07-24T21:30:45.680-04:00

The announcement that rains will be finally arriving in some areas of the Midwest is a bittersweet forecast if it comes true, as once the corn is pollinated no amount of rain will change the yields of corn. All that can help corn at this stage is to help the kernels that do grow to expand a little bit larger. It won't produce more kernels on the cob. The key importance of the rain is for it to

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-65316505353648446402012-07-23T20:00:00.000-04:002012-07-23T20:00:32.293-04:00

While the focus on the hot temperatures and drought conditions in the U.S. have been garnering much of the news surrounding corn around the world, parts of southern Europe and stretching through into Ukraine are now starting to get hit by drought-like conditions as well, with temperatures rising to about 5 degrees Fahrenheit above normal, to 95 degrees Fahrenheit. Accounting for approximately 16

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-13088632631154490192012-07-18T23:39:00.002-04:002012-07-18T23:39:37.575-04:00

If the results from recent rains in drought-stricken areas of Kentucky are an example of what to expect from other parts of the Midwest portion of the United States hit by drought, than the outlook for the highly anticipated yields is dismal at best. Kentucky received above average rain last week, which according to farmers and University of Kentucky agricultural meteorologist Tom Priddy, won't

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-23804402662339290552012-07-18T23:00:00.002-04:002012-07-18T23:00:32.106-04:00

Billionaire investor and commodity expert Jim Rogers has been talking about the real risk in relationship to agriculture for some time, and he recently said in an interview that that current effects of the drought in the Midwest portion of the United States will pale in comparison to what is soon to happen in the global farming community. What Rogers says is the extraordinary risk is the rising

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-1598734592041928042012-07-13T10:42:00.000-04:002012-07-13T10:42:07.116-04:00

In Friday morning trading, corn futures jumped again, closing in on an all-time high for U.S. corn, as rising demand in Asia and a destructive drought continue to wreak havoc on the sector. Weather forecasts were part of the boost in corn price, as they projected rising temperatures and little rain in key corn-growing areas. Consequently, the condition of the corn will continue to deteriorate,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-43454320045386138862012-07-13T10:28:00.002-04:002012-07-13T10:28:25.432-04:00

Corn futures in Chicago rose for the fourth week in a row as the drought in the Midwest continues to devastate the corn crop. Weather projections hold out little relief for the key corn production areas of the region. Corn for December delivery on the Chicago Board of Trade climbed to $7.47 a bushel, up 2 percent, as of 2:00 PM London. Since the middle of June corn prices have soared 48 percent

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-12286106882594811872012-07-13T10:02:00.000-04:002012-07-13T10:02:23.610-04:00

As corn continues to get hammered in the breadbasket of America, where the Midwest continues to be hit by the worst drought in 25 years, the demand for corn in Asian countries is on the rise. According to Rabobank International, global corn supplies could be strained as China especially may have to up its imports far beyond the 5 million metric tons it imported in 2011-2012. Their estimates are

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-6203323649453316082012-07-12T09:50:00.002-04:002012-07-12T09:50:47.376-04:00

After doing a little research on the plethora of items that could very well be going up in price soon because of the rise in the price of corn because of the devastating drought in the Midwest, it's surprising how many of these we use on an everyday basis, and how it may affect us all going forward. For example, prices of regular thing we use in baking and cooking, or snacks we may partake in on

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-22183403766697219762012-07-12T09:42:00.001-04:002012-07-12T09:42:47.964-04:00

Concerns over the affect of the drought on food prices has many people concerned, with the immediate effect probably showing up in the boost in price of animal products. According to the USDA, animal products projected to rise in price include pork, butter, eggs and cheese. Other prices also almost sure to rise are beef, poultry, fish raised by farmers, milk, sour cream, yogurt, cream cheese

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-61469449858578171492012-07-12T09:31:00.002-04:002012-07-12T09:31:58.866-04:00

The ongoing drought could result in dairy farmers taking a hit because of less corn silage, alfalfa and grain corn to feed their cattle. Most of this will affect the dairy farmers in the fall, and they won't know until then the extent of the losses. As to how that could have an effect on the price of milk, it's the futures, in the end, that determine that. But it's certain if the drought

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-79228345497121625162012-07-11T10:03:00.000-04:002012-07-11T10:03:01.732-04:00

While the Midwest in general is getting hammered by the drought, which continues to devastate the corn crop, Illinois and Indiana are getting hit the worst of all the corn-producing states, with no relief in sight at this time as far as rain coming any time soon. A little over 1 percent of the crop rating drops daily for every day it doesn't rain in the region. The USDA gave a dismal report

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-8114558799591094342012-07-11T09:43:00.002-04:002012-07-11T09:43:37.101-04:00

Some corn farmers in drought-stricken areas are already starting to mow their corn crop down as the devastating drought continues on in the Midwest and other corn-producing regions. As the corn pollination process began, temperatures in the triple digits hit the Midwest, along with little or no rain for most farmers. Lack of rain and corn struggling to pollinate properly once temperatures

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-41006031877260324262012-07-11T09:26:00.002-04:002012-07-11T09:26:34.125-04:00

The price of corn continues to rise after the USDA unsurprisingly cut the projected corn yield of 166 bushels an acre for 2012 down to 146 bushels an acre. All of this is related to the ongoing drought conditions plaguing the Midwest, where heat and dry weather has hammered the quality of the grain. After the report the price of corn jumped 3.2 percent. The report said this: "Persistent and

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6017457662571108439.post-24161604146786900072012-07-10T10:41:00.000-04:002012-07-10T10:41:29.333-04:00

Shares of fertilizer companies like Potash (NYSE: POT), Agrium (NYSE:AGU) and Mosaic (NYSE: MOS) have been soaring since the early part of June, as a drought has been devastating the corn crop, and the resultant rising prices have pulled up price of soybeans and wheat with them. The reason for the rise in share price for the fertilizer companies is that farmers will be able to pay more for

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com0