Low prices have been a theme in recent years. Analysts have been watching the trends and say that the corn market needs a boost that may not come.
“Questions I’m getting: Are we going to rally? Well, rallies take a catalyst, and we don’t have a catalyst. The biggest catalyst that’s right in front of us right now could be the weather, and the weather’s good enough. And so that’s kind of where the market is right now,” said Bryan Doherty, Vice President of Broker Solutions and Senior Market Advisor at Total Farm Marketing.
Dougherty tells agoinfo.net that he is also watching Brazil’s second corn crop, which is expected to be large this year.
Related Stories
Strong ethanol exports support long-term growth in corn demand.
Strong ethanol output supports corn demand despite export weakness.
Weak soybean sales and soft wheat demand contrast with solid corn export strength.
Rising corn and soybean prices may lower expected payments for producers
Trade disputes can quickly reduce demand for key crops.
Higher fuel costs are raising grain shipping expenses. RealAg Radio’s Shaun Haney discusses how energy market disruptions are impacting farmers in new ways as the War in Iran continues.
