In a normal summer, the 4 July holiday in the U.S. can be a significant time for the markets. It is especially true for corn, because in a normal summer a large percentage of the corn crop would be starting to pollinate. Any major change in the forecast over this long holiday could make or break prices. Nothing significant happened this year for three reasons:
The corn crop was planted so late that it will be the end of July or early August before pollination begins.
Now that the super rains have receded, most farmers want some sun and warm (maybe even hot) temperatures to kick start this crop. It is kind of scary to be talking about kick starting a corn crop in mid-July. There is no threateningly hot weather in sight.
Market...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
