Farm Progress

Smaller South American production and growing global corn demand keep the bulls alive.

Kevin Van Trump, Founder

February 3, 2018

1 Min Read
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Corn bulls are happy to see another round of strong weekly U.S. export sales. There's also continued concern surrounding the Argentine crop and perhaps fewer second-crop corn acres in Brazil.

Bears, on the other hand, continue to sight burdensome supply both domestically and globally.

It feels like the bullish kicker is the fact Chinese demand is ramping up and perhaps more robust than the trade is giving credit. There's also bullish tailwind being created by a weakening U.S. dollar and strength in crude oil.

I remain a longer-term bull, believing South American production is getting smaller, not larger, global corn demand is growing not shrinking, and the overall macros have improved.

Obviously, weather is the wild-card...

Get more from The Van Trump Report.

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About the Author(s)

Kevin Van Trump

Founder, Farmdirection.com

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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