cbot Corn sentiment!

Discussion in 'Commodity Futures' started by Bastion_01, Oct 4, 2021.

  1. maxinger


    corn price has gone up massively from Aug 2020.
    then down massively from May 2021.

    it seems like it has found its comfort zone.
    It will probably move within a small range over the next
    few days. corn.png
    yc47ib and Bastion_01 like this.
  2. agreed. Harvest has been priced in, it'll take significant change in next S. Am. season expectations for a big swing.
    BKR88 and maxinger like this.
  3. West Texas oil ($WTIC) breaking out at $78, 7 year high.
    Do you think that is priced in too?
    How much diesel is required to plant and then harvest 1,000 bushels of corn?
  4. BKR88


    Fuel costs are a small portion of expenses for corn production.
    Takes 2-3 gallons of diesel per acre so $6-10 per acre. Corn production in Iowa costs $250-300 per acre so diesel cost is ~3% of input costs.

    ***Most attention the next few months will be SA weather.
    Bastion_01 likes this.
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