Tidbits, Market Comment, Crude Oil & Fuel, Eggs, Broilers & Ethanol 5/21/26
- Wright team
- 13 minutes ago
- 4 min read
Tidbits
Market Comment: It is normal for the price of corn to decline when the market comes to the conclusion that the crop is going to get planted and off to a good start. Monday’s Crop Progress Report assured the market the corn crop is, in fact, off to a good start and remaining acres will easily be planted before the insurance date. Better yet, widespread rain in most of the Corn Belt on the newly planted corn was predicted and falling the past three days in many Corn Belt states. Even parts of Nebraska got some notable rain.
Within a matter of days, the corn market will begin to talk about how hot it is going to get very soon, the long hours of sunlight will dry the soil much faster than expected, a question of did all the acres actually get planted, and the long-range weather forecast is hot and dry, etc.
Just like the first cold spell in December feels terrible, so does the first hot spell feel very hot in late May or early June. That is when the corn market will recover some of the recent losses if it has not already done so. The next rally is the one to sell. It may make a new high or may not make a new high. Regardless, that is the rally to sell all remaining old crop and as much new crop as your nerves can stand. Look at those season price charts we send you every Wednesday.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
