Tidbits, Corn Move, Farms, Inflation & Tariffs, Broilers & Ethanol 7/17/25
- Wright team
- Jul 17
- 4 min read
Tidbits
December corn has closed higher 5 of the last 6 days and for 6 consecutive days, the high for the day was higher than the previous day’s high. September corn has done the same 3 consecutive days. Tomorrow is Friday. If corn futures settle steady or higher today, it is reasonable to expect some end of the week profit-taking tomorrow.
On the other hand, there are more reports each day this week of pollination problems, now coming from four Corn Belt states. Is the pollination really worse than normal or is it because people are looking for problems more than normal or simply reporting typical problems more than normal?
If pollination and tar spot are truly more serious than normal, this market does not have any production problem priced-in. Friday or early next week could be the days traders buy a lot of corn futures.
Yesterday morning, the USDA announced the sale of 120,000 mt of new crop soybeans to unknown.
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