January 26, 2015

Corn Commentary

Posted 01/23/2015

Weekly export sales came in huge today to offer support throughout the day. While trade was expecting 800K – 1000K tonnes of sales the actual number came in 2185K. Sales for the week more than doubled the high end trade expectations. Through the day, corn had strong support from this export news but still ran into two factors to prevent corn bouncing as far as we might expect. First was the fact that bean sales were very poor keeping that market defensive all day long…

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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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