Home / Markets / Marketeye / This year's U.S. corn crop to be highly sought, analyst says

This year's U.S. corn crop to be highly sought, analyst says

07/26/2010 @ 11:00pm

Tim Hannagan, PFGBest.com senior analyst, says world grain demand may slow before harvest but expect domestic demand to heat up. 

"This year's harvest will be aggressively sought by ethanol producers, feeders and exporters, as it's finally sunk in that we're on a record export demand pace that will continue into 2011," Hannagan says. 

On Monday, soybean export inspections were 6.5 million bushels versus 9.6 million bushels the week prior, still over a four week average of 5 m.b. 

"China was in for beans Friday and another 226,000 metric tons Monday. So, the record demand pace continues for near and long term shipments. Demand takes over as a primary pricing source after harvest , while weather remains 90% of the market pricing until the crops are made," he says.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 13¢ Higher By: 09/29/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)—Though no bottom is seen being formed, the CME Group’s corn…

Corn, Wheat to Trade Higher Monday By: 09/29/2014 @ 7:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 12¢ Lower By: 09/26/2014 @ 8:40am DES MOINES, Iowa (Agriculture.com)—Put selling, big harvest yield reports, combine to keep the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist