Commodity DNA

Corn

By Ibrahim Patel
Sep 24, 2023

CORN HAS FALLEN 30% THIS YEAR: PRICES ARE FACING SUPPLY PRESSURE

*IGC: 2023/24 global corn crop forecast by 1 million tons to 1.222 billion ton *USDA projecting the corn season average price of $4.90 Corn prices are facing supply pressur ....

Corn

By Ibrahim Patel
Jul 15, 2023

LARGER CORN CROP IN BRAZILIAN AND US: LOWEST PRICE SINCE JANUARY 2021

*CONAB sees the combined Brazil corn crop at 127.767 million ton *Ethanol for corn to recover maybe $5-per-bushel balance US corn futures fell to their lowest price since ....

Corn

By Ibrahim Patel
Jun 30, 2023

CORN DECEMBER AT $5.28 LOWEST LEVEL SINCE AUGUST 2021

*Producers pulled back on their short positions as prices declined to sub $5 per bushel *Managed money had built a net short position and prices were ready to continue falling ....

Corn

By Ibrahim Patel
May 22, 2023

FUNDS LIQUIDATED ALL THEIR SOYBEAN LONGS: PRICE LOWEST SINCE DECEMBER 2021

*Brazil’s production soaring from 152 million ton this year to 159 million ton in 2023-24 *Projected average price will slide from $14.20 per bushel to $12.10, or $2.10 per bu ....

Corn

By Ibrahim Patel
May 19, 2023

CORN PRICES CRASHED TO THE LOWEST LEVEL SINCE JULY 2021

*Agriculture traders are watching US weather and Brazil's FOB (export) prices *New-crop corn is already breaking the ranks in terms of downward momentum Corn prices crashed ....