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
Sen. Roger Marshall, a founding member and chairman of the Make America Healthy Again caucus, joined us with his thoughts on the commission’s latest report and the key ag-related issues.
The Fertilizer Research Act, reintroduced by Sens. Grassley, Ernst, and Baldwin, would direct the USDA to study and publish public reports on competition and pricing trends in the fertilizer market.
Allowing year-round sales of E15 nationally could deliver billions in economic gains, according to a new study from the Renewable Fuels Association and National Corn Growers Association.
Farmers await concrete trade commitments from China. Until then, export prospects for soybeans, corn, and sorghum remain uncertain against strong South American competition.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
