May 23, 2015

Corn Commentary

Posted 05/22/2015

Corn had no problem grinding lower today without wheat or dollar support. Bears in this corn market were even helped out by the beans taking out contract lows and continuing it’s grind lower as well. Once again corn found support at the same price levels as it did the last two days which is around 360 in July and 378 in December. While the largest factor, weather, continues to suggest pressure on this market corn is finding some of the best support it has seen in a while at these support levels.

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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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