Following is the latest Palmer Drought Index:
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Palmer Drought Index: More Precip Needed Across Corn Belt
Many areas of the Corn Belt are in need of rain to improve soil moisture reserves.
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Darren Frye with Water Street Solutions says the funds bought corn on the break with crop ratings down 3% and made a new contract high close. Can futures keep moving to $6 or where do they project to?
Alan Brugler of A&N Economics says corn made new contract highs Sunday night but if it was trading the 173.2 bu. per acre corn yield from Pro Farmer prices would be much higher.
After a $100,000 loss and rising weed resistance, Matt Griggs says he knew he had to make some big changes. His tough decisions helped the 144-year-old farm survive and prosper.
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