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Started by MarkB - Jan. 11, 2022, 10:07 p.m.

There seems to be a penant formation in corn. In most years, it usually drops off from mid-January until planting season. But we are not in "usual" times. Thoughts?

Re: Corn
By tjc - Jan. 12, 2022, 6:14 a.m.
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  IMHO   Looking for an equal leg down to the 575 area by Friday/Monday.  Agree with your assessment of an overall drop until closer to planting season.

Re: Re: Corn
By cutworm - Jan. 12, 2022, 6:54 a.m.
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Crop report today at 11central

By MarkB - Jan. 16, 2022, 9:03 p.m.
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Corn's rise on friday attributed to contract purchases by Mexico and S Korea. Since the weather forecast for southern Brazil is for some rain, thhis might cause a recovery in the crop down there. But they have been in drought for long enough to have caused permanent damage. We shall see.

By MarkB - Jan. 16, 2022, 9:08 p.m.
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The penant formation changed last wednesday. Thursday presented a breakout down. But friday brought it back inside. Harvest in SA and S Africa is underway. Expectations have already been dialed in.