Weekly Futures Comments
Corn had a mixed start to the week following early strength in wheat, but as weather forecasts turned more conducive for field work, the market fell under pressure and finished the week slightly lower. Falling ethanol prices and continued development of El Nino also weighed on prices. The threat of escalated conflict in Ukraine should help underpin grains in the short term, but as more and more of the crop gets into the ground, non-weather related rallies should continue to struggle above 510...
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On Jan. 22, 2014, the National Grain and Feed Association (NGFA) and North American Export Grain Association (NAEGA) sent a letter to Syngenta asking the company to immediately halt commercialization in the United States of its Agrisure Viptera® corn and Agrisure Duracade® corn until such time as China and certain other U.S. export markets have granted required regulatory approvals/authorizations... Read full article
*Below are the 2014 trade shows we will be attending: