Rich Moran’s

Thoughts on Corn ….

As we approach the summer months, the expectations remain for a strong corn harvest.  Even with the projected high demand, these expectations have July corn hitting a low today of $4.34, it’s low since last fall and not far from its 52-week low of $4.22.  This is almost a dollar off its 52-week high of $5.21

That being said, there is talk that they might be starting to re-assign acres from corn to beans in Kentucky and other parts of the southeast.  Today’s forecast has them expecting heavy, damaging rains and flash flooding in Texas, Oklahoma, Kansas and Missouri.  After a let down on Wednesday, this weather pattern is expected to return at the end of the week and into the weekend.

I am not suggesting it is time to buy corn futures today, but my thoughts are to keep an eye on it. If and when the time is right, the over-all risk/reward may be in the buyer’s favor.  

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If you have any thoughts/questions on this article or any questions in regard to the commodities futures markets, please feel free to contact me at;

Rich Moran

Senior Commodities Broker

RMoran@walshtrading.com

Direct: (312)985-0298

Cell: (773)502-5321

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