Fertilizer trends are based on U.S. moving averages.
Local Wholesale Fuel Prices
Ethanol Averages by State
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CORN Strategies Snapshot
Closing Futures Price & Change
|Electronic Corn (@C)|
|Jul 19 - Sep 19|
Market StructureNeutral - Type 5
Seasonal IndexCorn prices tend to trend lower from early June to early October.
Positions2019: Sold 25% of prod. at $4.03 (Dec 19) 2018: 25% of prod. sold at $4.16 (Jul 19) 2018: 25% of prod. sold at $3.89 (Jul 19) 2018: 25% of expected prod. @ $4.04 2018: 25% of expected prod. @ $4.17 Long July 2019 $3.40 puts to protect unsold crop, expire 6-21-19.
Friday's Ethanol Futures Higher Again
Ethanol futures were up 6.1 cents in the July contract at $1.61 and up 5.5 cents in the August contract at $1.609. Corn closed up 11 cents in the July contract at $4.53 and up 10 1/2 cents in the September contract at $4.58 1/4.
Oversupply Weakens Global Ammonia Prices
Wet fields, delayed planting, and how many corn acres are lost this year because of challenging weather and field conditions are influencing domestic demand of some fertilizers. The global ammonia price level is starting to hurt some production spots but, so far, no major cutbacks in output are seen.
Fuels & Fertilizer Headlines
Adviser Warned Pruitt of 'Appearance of Quid Pro Quo' on Small-Refinery Waivers
Documents released through the Freedom of Information Act and posted to the FOIA website...