With a Harvest Underway, What Will We Find in the Corn?

September 28, 2016 2:55PM CDT

Corn harvest has started. As of Sept 25, 15% has been harvested vs 19% average. Even though 73% is mature vs 645 average. Cutting has been slower due to some areas being unable to get the heavy equipment into the field due to excessive rains. As of now, the weather has improved so that the fields can dry, which will allow the combines to start cutting again.

Yields in the corn have been variable. With the harvest progressing into a better area, the yields will improve.

The demand has improved. Cheap prices seem to bring out more business. The weekly export sales have been good, though I find the negative side is China’s tariff Tax on DDG.

We’ll have to see what the Quarterly Grain Stocks report shows on Sept 30th. Corn could still have one more break. With the increase in business, and as the Harvest starts to wind down, there could be rallies. 

Corn Daily

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