Posts Tagged ‘usda’

Thirsty Corn Setting up For Bounce

By Kristina Zurla Landgraf • Aug 25th, 2008 • Category: Broker Commentary, Market Updates

Thirsty Corn Setting up For Bounce By Phil Streible Corn futures are ticking higher this morning, as a late start to planting and dry August weather could be setting up for a fall bounce. From a technical point of view, the chart pattern looks set up for a move above the 50-day moving average, which [...]


Corn Rallies Before Crop Report

By Kristina Zurla Landgraf • Jun 2nd, 2008 • Category: Broker Commentary, Market Updates

Corn futures are in rally mode ahead of this afternoon’s USDA crop progress report, with July last trading at $6.13 a bushel. Soggy weather is expected to result in more planting delays. Lind Plus Senior Market Strategist Phil Streible recommends buying calls on expectations of further gains. Here’s his proposed strategy.