Tidbits, Planting & Inventory Estimates 3/29/25
- Wright Team
- Mar 29
- 5 min read
Tidbits
Yesterday, May corn futures contract made a new low at $4.42 for “the move” (meaning since the recent high was made at $5.18¾ on 19 February) and then closed higher for the day. Technicians call that a “key reversal” and regard it as a trend changer. While very encouraging, nothing is 100% in this business.
Jason Britt is President of Central States Commodities. He wrote yesterday:
"Brazil’s corn better get more rain than this before the dry season actually starts or they will be in for a world of hurt; 73% of the second crop corn areas are seeing their driest start since 1979."
There has been very little discussion over the past month about the grain stocks numbers that will be reported on Monday along with intended acres. Of course, we have had it pounded into our head by the media and the grain companies that the corn acres number is going to be bearish. CG&B told one of our clients on Thursday that their survey indicates corn acres will be 97 million!
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