October 20, 2014

Corn Commentary

Posted 10/17/14

Exports today did come in much better than the already high numbers that trade was expecting. Even after that news, corn still saw a profit taking Friday which shouldn’t offer much surprise. Today’s sales will help to offer longer term support and today’s pullback can be scratched up simply to profit taking. Fund trading seemed thin yesterday and today it looked like they took the entire day off. Looking forward to next week, there is an open forecast for continuing harvest which could add more pressure to beans than corn. Sunday night traders might look to be buyers as funds…

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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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