Brazilian corn crop estimates notably different

Last week, both USDA and Brazil’s CONAB released their most recent agricultural supply and demand estimates. USDA left its 2020/21 Brazilian corn crop estimated at 110.0 MMT, 1.1 MMT above the industry estimate. CONAB estimates significantly lower 2020/21 Brazilian corn output at just 102.5 [...]

Corn eases on harvest pressure, COVID-19 concerns

The corn rally may have peaked on Sep. 18 after going six consecutive weeks of higher week-over-week closes. Fears over coronavirus resurgence in Europe, surpassing 200,000 deaths here in the U.S., and increased cases in the Midwest caused a sharp drop in the equities [...]