Corn Prices Headed for Record Highs as Crop Shrinks - News and Current Events | futures io social day trading
futures io futures trading


Corn Prices Headed for Record Highs as Crop Shrinks
Updated: Views / Replies:220 / 0
Created: by Victory Trader Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Corn Prices Headed for Record Highs as Crop Shrinks

  #1 (permalink)
Membership Revoked
LA, California, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL,ES mainly
 
Victory Trader's Avatar
 
Posts: 530 since Sep 2011
Thanks: 205 given, 373 received

Corn Prices Headed for Record Highs as Crop Shrinks

Corn futures are heading to record highs on reports of wider crop devastation, and as forecasts show continued hot, dry weather threatening even more of this year’s crop.

The latest U.S. Department of Agriculture data shows that just 31 percent of the corn crop is in good to excellent shape, a sharp drop from the 40 percent level last week.

Soybean conditions also declined to 34 percent from 40 percent last week, but the soybean crop, unlike corn, still has time to recover. (Track commodities here)

“We feel we should get back to $8. Our numbers with our sharply adjusted demand imply only $7.90 for December corn, but we do feel trade enthusiasm in the next couple of weeks will push it up above $8,” said Rich Nelson, director of research at Allendale.

News Headlines
===============================================
There are a couple of critical facts this article refuses to address, and here they are.

1. An estimated 60% of the US corn production is genetically modified. - How much corn in the US is genetically modified? | ChaCha

2. The U.S. Department of Agriculture 's (USDA) Animal and Plant Health Inspection Service (APHIS) does not even pretend to legitimately evaluate genetically-modified organisms (GMO) before approving them anymore, having recently green-lighted approval for a new variety of "drought-resistant"GM corn produced by Monsanto that admittedly grows no better under drought conditions than natural varieties do. - Transgenico Maiz Drought Resistent Failure Approved USDA 20mar12

But what happens if the GMO corn crops perform actually worse than non-GMO crops in hot weather? We've had heat waves before in this country in the most fertile agricultural land here in the US without this degree of devastation.

I have got to wonder just how much Monsanto contributed to Obama's 08 election, and how much they are contributing (overtly or covertly) to his 2012 election campaign.

Reply With Quote

Reply



futures io > > > > Corn Prices Headed for Record Highs as Crop Shrinks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Corn Prices Headed for Record Highs as Crop Shrinks Quick Summary News and Current Events 0 July 17th, 2012 08:10 PM
US Corn Crop Shrivels: 'Should Be Seven to Nine Foot by Now' Quick Summary News and Current Events 0 July 4th, 2012 08:00 PM
Corn Crop Withers Away: 'Thought It Was Onions' Quick Summary News and Current Events 0 July 2nd, 2012 10:30 PM
How Record Heat Wave Is Threatening a Key US Crop Quick Summary News and Current Events 0 June 29th, 2012 06:30 PM
Gas prices might be headed to record highs in 2012, analysts say kbit News and Current Events 0 November 8th, 2011 04:44 PM


All times are GMT -4. The time now is 05:04 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.07 seconds with 19 queries on phoenix via your IP 54.226.132.197