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Teucrium Corn Fund (CORN)

NYSEArca - NYSEArca Delayed Price. Currency in USD

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22.57

+0.17

(+0.76%)

At close: 04:00PM EST

22.67

+0.10

(+0.44%)

After hours:

04:20PM EST

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M
Corn: so many factors to consider... 1. World demand (net buyers Europe, China, SE Asia) 2. US demand for livestock feed and ethanol production, 3. Mid-west derecho - its severity, 4. World aggregate harvest forecast - particularly Brazil & Argentina - expect bumper crops

Any combination of factors can rebalance USDA predictions and corn yields per acre. I expect CORN to hit $16 and corn to hit $5.15 per bushel this harvest season. The yields may not be as robust as forecast, less than 175 bushels per acre is my estimate based on drought severity and longevity, delayed planting, and latent demand increases. I think commodities in general will all move up in price with more Fed quantitative easing and stimulus money hitting the streets. What say?
P
I know this is a dead board but look at the chart the last 6 month's. Slow and steady upwards and no one is noticing. Just a great buy. Wake up folks, commodity space is flying. Look at DBC, that tells all!
M
Trying to understand this ETF, if you look at the corn futures index it has been up, yet this fund keeps loosing money. Is this due to it announcing it's re balancing which allows everyone to front run it?
https://www.investing.com/commodities/us-corn-historical-data
R
There is no way corn prices could have kept increasing as they were at ridiculously high prices. One look at a long-term chart shows that prices never stay so high for long. Also, cycle time to harvest corn is relatively short, especially with rising temperatures, so growers can adjust. Congratulations to all those that shorted it.
L
Keep in mind, updated report on Aug. 12th will include cover crop as "planted acres"
C
Impressive 6 month chart.
but don't worry. gvt doesn't count food inflation.
nothing to see here.
R
I bought cause wsb told me to
r
once reddit finds out what commodities are its going to be a show lol
b
The Gov. is giving farmers support for WIDE spread damage to the crop. Late plantings always affect yeild. And here we are back to levels seen prior to this disaster. Traders thinking there will be no effect to the crop. And what about an early freeze on a late maturing crop.Stay long.
M
Hmmm... no activity on food commodities... seems like we are gonna see big increases this year?
D
From today’s USDA report:

COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for lower production, reduced use, and smaller ending stocks. Corn production is forecast at 13.661 billion bushels, down 118 million from last month on a 1.4-bushel reduction in yield to 167.0 bushels per acre. Feed and residual use is down 25 million bushels based on a smaller crop and higher expected prices. Exports are reduced reflecting the slow pace of early-season sales and shipments. Corn used for ethanol is down 25 million bushels based on September data from the Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of October. With supply falling more than use, corn ending stocks are lowered 18 million bushels from last month. The season-average corn price received by producers is raised 5 cents to $3.85 per bushel based on observed prices to date.

WASDE-594-2
Global coarse grain production for 2019/20 is forecast 1.8 million tons lower to 1,394.9 million. This month’s 2019/20 foreign coarse grain outlook is for larger production, increased trade, and lower stocks relative to last month. Foreign corn production is forecast higher as increases for several African countries, as well as Russia and Turkey, more than offset declines for Mexico, Ukraine, and the EU. For Mexico, production is lowered as area for summer season corn is expected to be the lowest on record. Yield forecasts for Russia and Ukraine are raised and lowered, respectively, based on observed harvest results to date
L
$SOXL conversation
This is what I thought two days ago and I confirmed yesterday again. $SOXL going down to about $30 and $CORN going up to about $23. Glad I played it that way on Monday.
r
All this talk of inflation now and this down?
b
Dough at 15 percent. This is a loaded statement. Dough could be 10 days before dent or just a few. These are late season varieties but will still need a good month to black layer, at hard dent. Good heat units but less day lenght. This is gonna be a very trying race. Cooler weather in just a few weeks will really delay the starch line movement.
A
China has lost over 50 percent of it's pig population to swine flu, the epidemic has spread to parts of russia, europe and australia. The number one ingredient in pig feed is corn/maize. The demand will not be there for corn, so i expect the corn prices to languish in the current range for awhile. If corn is going to rally, then it historically does so in May. I just don't see big demand whether there is a trade deal or not. This might catch a 50 cent rally on a deal before grinding back down. GL
D
calls on all commodities especially $CORN
Bullish
g
Iowa's corn crop flattened by 99 mph winds today
Bullish
D
Good day to load up.
Iowa State’s current soil moisture charting is going bad fast.

Key dairy areas WI, CO, CA hay fields are parched.

China action on commodities happened this week and has been up. This wont be a normal year.
Bullish
J
Forbes AI Investor recommends this fund. Seeing the long decline over the past years I wonder... Forbes AI is copying WSB?
S
This is going to $16.50+ in the next month
Bullish