Page 7 - May Corn News Today

4/29/2021 2:46:04 PM GMT Financials: As of this writing (5:30am) June Bonds are 18 lower at 156’30 and 1’22 lower for the week. 10 Year Notes are 8 lower overnight at 131’28, down 18 for the week and the 5 Year notes 3 lower overnight and 10 lower for the week. inversely yields are higher with the 2 year up 2 basis points for the week at 0.17%, the 5 year up 8 for the week at 0.88%, the 10 year up 10 basis points at 1.65% and the 30 year bond up 9 at 2.32. Continued new highs in equities ...

Cattle Trending Lower This is Matt Rice with today’s Market Line Report for Tuesday. Cattle struggle once again as prices shift lower, consumer demand not enough to combat higher feed prices. Let’s go to Virginia McGathey with the CME Group to hear more. Chicago Soft Red Winter Wheat prices for July closed the day dn 1 ¼, to finish at 653 ¾. May Corn was up 6 ½, to close at 592. Kansas City Hard Red Winter Wheat prices for July were up 2 ½, to settle at 618 ¾. Portland pric...

The corn market might’ve finished yesterday in the red but comparing to last year, things are looking very promising

Corn Jumps Nearly 2% This is Matt Rice with today’s Market Line Report for Wednesday. Corn jumps nearly 2 % as a traders start to set their sights on the $6 mark. Scott Shellady with the CME Group to covers the details. Chicago Soft Red Winter Wheat prices for July closed the day up 2 ¼ to finish at 633 ½. May Corn was up 11, to close at 580. Kansas City Hard Red Winter Wheat prices for July were up 6, to settle at 592 ¾. Portland prices for Ordinary Club Wheat were Unch, rangi...

The April WASDE report was released Friday. This report, the fifth of the calendar year, is generally used to reconcile the March Quarterly Stocks Report with the World Agricultural Outlook Board’s balance sheet and provide any necessary updates to their demand estimates. The implication from corn’s stocks report was that USDA would acknowledge the slightly tighter than expected stocks in the form of additional demand on the balance sheet and possibly acknowledge the pace of export commitme...

Corn Surges Along With Ethanol Production Friday Apr 9th, 2021 This is Matt Rice with today’s Market Line Report for Friday. Corn surged yesterday as prices directly reflecting an increase in ethanol production. Let’s go to Scott Shellady with the CME Group to hear more. Chicago Soft Red Winter Wheat prices for May closed the day up 12 ½ to finish at 628 ¾. May Corn was up 19 ¼, to close at 579 ¾. Kansas City Hard Red Winter Wheat prices for May were up 13 ¼, to settle at 5...

More Action In The Soybean Market Thursday Apr 8th, 2021 This is Matt Rice with today’s Market Line Report for Thursday. More action in the soybean market as newcrop continues to look for new ground for expansion. Let’s go to Scott Shellady with the CME Group to hear more. Chicago Soft Red Winter Wheat prices for May closed the day up ¾ to finish at 616 ¼. May Corn was up 6 ¼, to close at 560 ½. Kansas City Hard Red Winter Wheat prices for May were up 7 ¾, to settle at 563 ...

Soybeans Still A Driver This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans continue to act as a driver in the grain market while weather continues to be a point of focus. Let’s go to Scott Shellady with the CME Group to hear more. Chicago Soft Red Winter Wheat prices for May closed the day dn 2 ½ to finish at 615 ½. May Corn was up 1, to close at 554 ¼. Kansas City Hard Red Winter Wheat prices for May were dn 7 ½, to settle at 555 ½. Portland prices f...

Cattle surge to end the week as demand begins to pick up as we start into the warmer months.

Following 3/11/2021 2:52:56 PM GMT Financials: As of this writing (6:30am) June Bonds are 3 higher overnight at 158’09 up 1’05 for the week, 10 Year Notes up 8 overnight at 132’25 and up 13for the week and 5 Year notes up 6 at 124’04 4 higher for the week. Yields were down slightly for the week with 2 year flat at 14 basis points, the 5 year flat at 0.76, the 10 year down 7 basis points at 1.50% and the 30year bond down 10 at 2.23. This reflects yesterday’s...