April 24, 2014

Corn Commentary

Posted 4/23/14

Continued wet weather provided strength in the market today with the July contract closing 1/2 cent off it’s high on respectable volume.  We also saw the 20 day moving average taken out in both old crop and new crop. This leaves the door open for the bulls to stay in the game, at least in the short term.  The question seems to be, will too much rain continue to keep planting progress below average.

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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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