Kevin Van Trump, Founder

April 15, 2016

1 Min Read

Corn bulls are hoping to see the market pulled higher by talk of possible production hiccups with Brazil's second-crop corn (too dry in some areas) and complications with the Argentine harvest (too wet in some areas). U.S corn exports have been strong as of late, but the bears are quick to point out the glut of supply the Chinese government is wanting to more aggressively liquidate.

Planters across the U.S. are aggressively rolling as the acreage debate continues with heated discussion. I personally believe we are going to see some big planting progress during the next two weeks. Remember, the U.S. farmer can easily get 20-30% of the U.S. crop planted during a week if they get a window of opportunity. I think it's still a bit too wet to see those types of numbers, but if the winds and heat start to pick up and we dry out a bit more, then 80% planted by mid-May will look to be a lock. 

As a producer, I still like the thought of dumping old-crop risk on the rallies. As for pricing more new-crop, I remain patient. We have a series of technical hurdles directly ahead of us that the market will be trying to clear in the next few weeks. Make certain you're paying close attention and adjusting your marketing strategies accordingly.  I should also mention that I have the DEC17 contract on my radar as prices are again trading just north of $4 per bushel.  As a spec I prefer being a longer-term buyer on a deeper break in price, so I remain on the sideline.


About the Author(s)

Kevin Van Trump


Kevin is a leading expert in Agricultural marketing and analysis, he also produces an award-winning and world-recognized daily industry Ag wire called "The Van Trump Report." With over 20 years of experience trading professionally at the CME, CBOT and KCBOT, Kevin is able to 'connect-the-dots' and simplify the complex moving parts associated with today's markets in a thought provoking yet easy to read format. With thousands of daily readers in over 40 countries, Kevin has become a sought after source for market direction, timing and macro views associated with the agricultural world. Kevin is a top featured guest on many farm radio programs and business news channels here in the United States. He also speaks internationally to hedge fund managers and industry leading agricultural executives about current market conditions and 'black swan' forecasting. Kevin is currently the acting Chairman of Farm Direction, an international organization assembled to bring the finest and most current agricultural thoughts and strategies directly to the world's top producers. The markets have dramatically changed and Kevin is trying to redefine how those in the agricultural world can better manage their risk and better understand the adversity that lies ahead. 

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