December 20, 2014

Corn Commentary

Posted 12/19/2014

A small profit taking Friday was seen today as might have been expected. With wheat doing the same, it became easier for corn to find the red today. Once again there more overnight sales posted this morning which prevented corn from falling too far. Last night 135,600 tonnes of corn was sold to Japan and 101,600 tonnes were sold to Mexico. Together this is not the largest purchase but plenty to support a market that is in a slow grind higher anyway…

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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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