Tag: hubbs on grain
Hubbs on Grain: Looking at 2020-21 Corn Consumption Aug 25, 2020
Crop tour estimates and derecho damage brought USDA corn production forecasts for the 2020 crop under question over the last week. While a lower domestic supply of corn supports corn […]
Hubbs on Grain: Record Soybean Yield Forecast Sparks Skepticism Aug 17, 2020
The highly anticipated August Crop Production report presented a record yield for soybeans this year. Despite the forecast of higher production, soybean futures went into the weekend up over 30 […]
Hubbs on Grain: Is Corn Bottoming or Taking a Breather? Aug 10, 2020
The December futures price of corn settled in a range of $3.20 – $3.25 over the last few trading sessions. Questions regarding a price bottom for corn bubbled up in […]
Hubbs on Grain: Revisiting Corn Use for Ethanol Jul 20, 2020
Stronger export numbers and lower acreage boosted corn prices since the end of June. Concerns about demand weakness in ethanol production emerged recently. A recovery in economic activity helped ethanol […]
Hubbs on Grain: Soybean Demand Linked to Economic Recovery Jul 13, 2020
Wet and warm conditions over some key soybean growing regions pressured soybean prices recently. The prospect of a good soybean crop places added emphasis on demand over the next year. […]
Hubbs on Grain: USDA Surprises Drive Corn Prices Higher Jul 6, 2020
The Acreage and Grain Stocks reports, released on June 30, produced some surprises for the corn market. The drop in acreage spurred a rally in corn prices and injected some optimism into the corn outlook […]
Hubbs on Grain: June Corn Stocks Report – What Can We Expect? Jun 22, 2020
The USDA releases the June 1 corn stocks estimate on June 30. Typically, the Acreage report published on the same day eclipses the quarterly grain stocks report. While the Acreage […]
Hubbs on Grain: Continuation of Soybean Rally Relies on Export Strength Jun 15, 2020
July 2020 soybean futures jumped by 33 percent since June 1. Export prospects and optimism around economic reopening drove prices higher over the last week. As the market turns to […]
Hubbs on Grain: Corn Exports Pick Up, Optimistic for Reaching USDA Estimates Jun 8, 2020
As the focus turns to the growing season and markets look to recover from the worst of the pandemic, export markets continue to reveal consumption information relevant to corn price […]
Hubbs on Grain: Will We See a Seasonal Soybean Rally This Year? Jun 1, 2020
Typically, November soybean futures prices see a bit of a rally in June. Hopes grew recently for a similar rally this year. The potential for any such price movement rests […]