November 26, 2014

Corn Commentary

Posted 11/25/2014

Support was seen today on light bullish talk that the moderate volume trade caught onto. Early in the day session light fund buying was seen to add early support. Shortly after that was talk from the Congressional Budget Office suggesting 900,000 less acres for 2015. This is an unofficial estimate for next year’s acreage but is a strong sign that trade is willing to jump on just about any news right now as larger stories are dead quiet…

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    Allendale Advisory Contributor:

    Ryan Ettner

    Ryan Ettner

    Ryan started with Allendale in 2009 after working on the grains floor at the CME for several years. He also works on his family’s farm in northern Illinois.

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