Futures activity We just closed another week with higher futures as the Mar-22 corn contract settled at $6.54 per bushel, up from a low of $6.38 per bushel last Tuesday. Meanwhile, the Dec-22 harvest contract is rapidly approaching $6, closing the week at $5.9775 [...]
Looking at the pre-WASDE trade estimates via Bloomberg, the industry is expecting the new-crop U.S. corn production forecasts to drop to 15.917 billion bushels, down 78 million bushels from the May forecast. The expected drop in 2020/21 corn production is likely due to revised [...]
Analysts are starting to fear that dry weather might once again affect the “safrinha” (second) corn crop in Brazil, which represents approximately 70 percent of total production. The season started with dry weather, and forecasts do not call for significant rain in the near [...]
