The markets are lower this morning on prospects for a large crop. However, could a late week freeze end up supporting prices?
Drew takes a look at yesterday’s crop progress report and how the market is reacting to it this morning.
Throughout this entire growing season, I have heard comparisons to the best growing season on record, 2004.
Join Drew as he reviews day one results from the crop tour along with yesterday’s crop progress report.
It would seem like US and global equity markets have finally come to grips with the less than anticipated rate of recovery, the fear of overvaluations and a rising measure of uncertainty toward the Middle East and oil prices.
Another month has drawn to a close, and US economic data has continued to be mixed and largely disappointing to the trade.
Confidence about the U.S. government noting the nation’s crop is bigger than previously estimated tugged down corn futures on Friday, according to Bloomberg.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on January 8, 2013. On Friday, January 11th at 11:00 am central time, the USDA will release the January WASDE, Annual Crop Production for Corn & Soybeans, December 2012 stocks, and Winter Wheat seedings. The January 11th USDA report is… Read more.