Corn Rally Might be Cut Short
by Dennis Cajigas
The corn market has caught the attention of traders as we head into harvest, given late planting in some key growing areas and worries about the threat of frost. I see a divergence between what fundamentals dictate and the market’s recent price action, however, and feel a rally [...]

In his morning agricultural market notes, MF Global Research Director Rich Feltes said while lower crude oil, a higher dollar and the CRB’s break below its 200 DMA may be pointing to early weakness for grains, the “bottom line” is that the downside is likely limited.
“Fund money still coming in and eastern planting delays will [...]

The final estimate for the 2009 hard red winter wheat tour sponsored by the Wheat Quality Council was announced today at the Kansas City Board of Trade. The final participant estimate for the three-day tour average was a yield of 40.8 bushels per acre, 2.5 bushels lower than the 2008 estimate of 43.3 bushels per [...]