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1997 10 27.pdf

1997-10-27.pdf
Preview of 1997 10 27
🔗 Source: farmdoc.illinois.edu
📊 Size: 1.03 MB
👤 Author: Mekel
⬇️ Downloads: 57

Summary

The corn market has seen a recent price increase due to various factors, including hog producers' plans to expand production, smaller-than-expected inventory and crop size, and weather problems. The rally is also fueled by expectations of improved exports and the impact of El Nino on global crop production. However, the export situation is a weak link, with sales currently at 24% of the USDA's projection for the year. To meet the USDA's export goal, weekly sales need to average 34 million bushels per week. The market will be watching the December 1 Grain Stocks report and the prospects for world grain production, particularly in the southern hemisphere. The price structure in the corn market and market psychology will also be closely monitored, with the potential for volatile price action in the marketing year ahead.

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The corn market has seen a recent price increase due to various factors, including hog producers' plans to expand production, smaller-than-expected inventory...

Technical Information

  • File Format: PDF
  • File Size: 1.03 MB
  • Pages: 2
  • Language: EN
  • Author: Mekel
  • Total Downloads: 57
  • Last Updated: 1 week ago

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