SASKATOON — Canada could be the saviour of the corn market, says an analyst. Scott Irwin, an agricultural economist at the University of Illinois, said the corn ethanol market in the United States is under duress from electric vehicles and other factors. Related stories: Fortunately, the shrinking domestic market for the biofuel is being offset […] Read more
Tag Archives corn market
Farmers cling to unsold corn as prices slump
Uncertainty around when farmers will liquidate their stocks could result in choppy grain prices this summer
CHICAGO (Reuters) — South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to sell more. Prices have since eased […] Read more
U.S. corn crop hits headwinds
James Mintert, director of the Center for Commercial Agriculture at Purdue University, said most farmers planted the crop in a timely manner, but it doesn't look that way. He was struck by how late some of the corn looked on a recent crop tour of Indiana.
Brazil’s corn crop poised to drive down prices
Record soybean yields from the South American ag giant, along with banking and import woes, are rattling markets
This will be a momentous year in the corn market, says analyst Todd Hultman. Brazil is poised to export 53 million tonnes of the crop in 2022-23, compared to 45 million tonnes for the United States. “They are easily passing us on the export total, and that’s the first time in history we have seen […] Read more
Brazil’s bin-busting corn crop poised to drive down prices
This will be a momentous year in the corn market, says analyst Todd Hultman. Brazil is poised to export 53 million tonnes of the crop in 2022-23, compared to 45 million tonnes for the United States. “They are easily passing us on the export total, and that’s the first time in history we have seen […] Read more
Corn prices fall as supplies expected to increase
"It looks like we're heading back to the environment where corn supplies are going to be easily available again," said DTN lead analyst Todd Hultman. "Instead of $6 prices, we're going to be looking at prices below $5."
