Corn Report, 02/15/2017

Wednesday, February 15, 2017

A very quiet news day put slight selling pressure on corn as we kept a very tight 2 ¼ cent range with the funds net sellers of an estimated 5K contracts. The one bit of geo-political news that leaked was a lone Mexican senator that was pushing bills that sent grain demand down into S. America. While on paper this seems like a valid threat, the expense that it would take in logistics/time to switch the flow from US does not make it feasible. Again, no weather issues to spark concern yet out of S. America. Saw good cash movement here the past 2 days, $3.75 was a known selling point but the question now becomes with spring on its way and we get some weakness in flat price will the producer sell-out and look to next year or hold on and ride it out? Outside markets up, the USD is +400pts and the DJ is up slightly with crude down. Looking ahead to today, news again should be very limited, expect another tight range between $3.71-3.75.

Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

Market Intelligence Free Trial

Meet the Team

Kansas City, MO
1251 NW Briarcliff Parkway
Suite 800
Kansas City, MO 64116
Tel:+1 (816) 410-5079



Our privacy policy has changed. View our privacy policy to learn more.