Posts From Marcus Ludtke

Marcus Ludtke
Marcus Ludtke is the Vice President of Sitos Grain and also the Vice President of Commodity Marketing Company Inc. Mr. Ludtke has served as CMC’s head corn trader since 2001.

By 2013, CMC was responsible for overseeing the procurement of more than 500 million bushels of corn, across 7 states, and 27 separate biorefineries.

Over, the past 12 years, Mr. Ludtke has developed an extensive background in the design, execution, and management of futures, options, and derivative-related products in a variety of Ag and Energy Specific commodities including: corn, soybeans, wheat, soybean meal, soybean oil, natural gas and ethanol.
Follow On: Twitter | Google Plus

US Corn Weekly Price Outlook & Review – January 15

March corn futures moved slightly higher this week, closing up a ½-cent per bushel week-on-week, finishing on Friday (1/13) at $3.58 ½. The market focus all week was on the USDA’s January 12th WASDE report, which contained not only the U.S. and World supply and demand revisions from December, but…

US Corn Weekly Price Outlook: Hurdles Remain

March corn futures moved slightly higher this week, closing up 6-cents per bushel week-on-week, finishing on Friday (1/6) at $3.58. Despite the higher weekly price action, Friday’s 3 ¼-cent lower close was yet another indication CH7 still has strong overhead, technical resistance in the $3.64 to $3.69 per bushel ranges….

US Corn Futures Weekly Outlook: Seasonality In Focus

March corn futures drifted lower this week, closing down 9 ½-cents per bushel week-on-week, finishing on Friday (12/23) at $3.46 ¾. Corn specific market / news headlines remain relatively non-eventful, which isn’t atypical for last half December. Therefore I thought it would be good research project to look into corn futures…

U.S. Corn Futures Weekly Price Outlook – December 19

March corn futures traded in a tight range last week posting a weekly high of $3.64 ¾ per bushel, which was slightly above the prior week’s high of $3.64 on 12/6. However the market once again failed at that level, closing well below $3.60 Friday afternoon. Let’s review the highlights…

US Corn Futures Weekly Outlook: Is A Bottom Forming?

Inside the March corn futures rally: The corn market enjoyed a sharply higher trading prices early last week as momentum pushed March Corn Futures (CH7) up as high of $3.64 per bushel (its highest level since 11/8) on Tuesday. Corn prices would eventually give back some of those gains through Friday’s close,…

U.S. Corn Weekly Price Outlook: Patience Required

It was a tough week for Corn Bulls with March 2017 corn futures trading down to day low of $3.41 ¾ on Thursday, December 1, its lowest level since September 30, 2016.  Will this effect the corn price outlook December? And what precipitated the push to a new 2-month low in March…

U.S. Corn Weekly Review & Price Outlook (November 26)

On Wednesday (11/23) federal regulators increased the amount of renewable fuels oil refiners will be required to blend into gasoline and diesel for 2017 up to 19.28 billion gallons. In what was seen as victory for the ethanol industry (and also corn producers), the EPA mandated a 1.2 billion gallon…

U.S. Corn Futures Weekly Review: Trader Enthusiasm Wanes

The corn market was essentially stuck in neutral this week with values showing little desire of breaking out of what has been a very narrow trading range since the beginning of October. So what’s going on with December Corn futures? The reasons for the lack of trader enthusiasm and overall…

U.S. Corn Weekly Price Outlook: November 2016 WASDE Report

On Wednesday (11/9), the reaction to the news release of the USDA’s November 2016 WASDE report was both swift and aggressive, culminating in December corn futures closing down 13 ½-cents per bushel that afternoon at $3.40 ¾ (its lowest close in CZ6 since October 12th). What were the primary negative…

US Corn Futures Weekly Price Outlook: Record Corn Yields?

There were a number of notable private U.S. Corn production forecasts issued this week. And we’ll get the USDA’s November 2016 WASDE report on Wednesday, November 9th. FCStone in particular issued a revised 2016/17 U.S. corn yield estimate of 175.3 bpa with total production pegged at 15,226 million bushels versus…