Grain Express

Corn (March)


Fundamentals: Corn futures marked new contract highs during yesterday’s session but are trading roughly 12 cents off those highs in the early morning trade. StoneX, previously known as FCStone put out some baseline estimates for the 2021/2022 season. Their estimates are as follows: Yield 182 Bushels/Acre. Acres: 96 million. Production: 16.1 Billion Bushels. Carryout: 2.159 Billion Bushels. Another thing we are watching and mentioned in our interview with RFD-TV yesterday morning is the recent strength in the USD. If the Dollar continues to firm up, we could see that act as a headwind for commodities. Yesterday’s weekly export inspections came in at 1,105,000 metric tons, within