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A huge selloff strikes the corn market | Tuesday, May 25, 2021

On Tuesday, the CME Group’s farm markets plunge. At midsession, the July corn futures are 31¼¢ lower at $6.26. New-crop September futures are 23¾¢ lower at $5.44¼. December corn futures are 20¢ lower at $5.20¼.    July soybean futures are 18½¢ lower at $15.04¼. August soybean futures are 17¾¢ lower at $14.53¾. New-crop November soybean futures are 21¾¢ lower at $13.40½. July wheat futures 12¢ lower at $6.50¼.  July soymeal futures are $13.40 per short ton lower at $...
United States Peterj Meyer Al Kulis Dow Jones New Crop November Dow Jones Industrials

USDA leaves a lot of corn, soybean estimates unchanged

The market reacted negatively, initially, then finished mostly higher. By 3/9/2021 The USDA leaves its crop ending stocks numbers mostly unchanged; the market takes it as a negative report. On Tuesday, the USDA released its March Supply/Demand Report. As a result, the CME Group’s farm markets mostly dropped. Soybeans fell 6¢, corn down 4¢, and wheat up 4¢. At the close, the May corn futures finished 1 1/4¢ lower at $5.46 1/2. July corn futures settled 1 1/4¢ lower...
United States Peterj Meyer Jason Roose Sal Gilbertie Dow Jones Dow Jones Industrials

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